eng

Interim report 1 January - 30 June 2010

7/22/2010 8:00 AM

Financial results for the second quarter

  • The market value of the Group's securities in Major Listed Holdings amounted to SEK 46,814 m on 30 June, an increase of SEK 1,8371) m corresponding to 4% since 31 March 2010.
  • Korsnäs' operating profit increased with 46% to SEK 243 m (167) and the operating margin was 12.1% (7.8%) including calculated conflict compensation.
  • The Group's total revenue amounted to SEK 2,080 m (2,192).
  • Net result after tax, including changes in fair value of financial assets, amounted to a profit of SEK 1,831 m (7,649) corresponding to a profit per share of SEK 6.59 (29.35). 

 

Financial results for the first half year

  • The market value of the Group's securities in Major Listed Holdings increased by SEK 8,371 1) m corre-sponding to 20%.
  • Korsnäs' operating profit increased with 54% to SEK 442 m (287) and the operating margin was 10.6% (6.9%) including calculated conflict compensation.
  • The Group's total revenue amounted to SEK 4,363 m (4,285).
  • Net result after tax, including changes in fair value of financial assets, amounted to a profit of SEK 8,665 m (5,697) corresponding to a profit per share of SEK 31.21 (21.85).

 

1) Including dividends received.

 

"The Kinnevik companies have demonstrated solid operational developments in the first half of 2010. Sales growth was strong in most companies and operating margins are at record levels following our fo-cus on customer needs and cost control. The Kinnevik balance sheet has been considerably strengthened in the quarter following dividend pay-outs from our holdings. This gives Kinnevik higher financial flexibility and allows us to continue to focus on the operational needs of our portfolio companies as well as developing our New Ventures portfolio", says Mia Brunell Livfors, CEO of Kinnevik.