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Interim Report 2008 1 January - 30 June

7/24/2008 8:00 AM

Financial results for the second quarter
  •    The market value of the Group's securities in Major Listed Holdings amounted to SEK 43,248 million on 30 June, an increase of SEK 3,817* million corresponding to 9%* since 31 March 2008.
  •    Korsnäs' revenue amounted to SEK 2,006 million (2,001) and operating profit was SEK 184 million (275).
  •    The Group's total revenue amounted to SEK 2,068 million (2,037) and operating profit was SEK 164 million (272).
  •    Profit after financial items, including changes in fair value of financial assets, amounted to SEK 3,496 million (3,335).
  •    The profit per share was SEK 13.19 (12.46).
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    Events during the second quarter
  •    Kinnevik completed joint public offer with Vostok Nafta for all shares in Kontakt East. Consideration was paid in July.
  •    Kinnevik increased ownership in Relevant Traffic to 90% of shares and votes.
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    Financial results for the first half of the year
  •    The market value of the Group's securities in Major Listed Holdings decreased by SEK 5,814* million corresponding to 11%* during the first half of the year.
  •    Korsnäs' revenue amounted to SEK 3,960 million (3,929) and operating profit was SEK 348 million (507).
  •    The Group's total revenue amounted to SEK 4,072 million (3,994) and operating profit was SEK 367 million (571).
  •    Result after financial items , including changes in fair value of financial assets, amounted to a loss of SEK 5,782 million (profit of 9,614).
  •    The loss per share was SEK 22.04 (profit of 36.13).
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    * Including dividends received.