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Investment AB Kinnevik Interim Report 2009 1 January - 30 June

7/23/2009 8:00 AM

Financial results for the second quarter
  •   The market value of the Group's securities in Major Listed Holdings amounted to SEK 28,932 million on 30 June, an increase of SEK 7,398* million corresponding to 33% since 31 March 2009.
  •   Korsnäs' revenue amounted to SEK 2,140 million (2,006) and operating profit was SEK 167 million (184).
  •   The Group's total revenue amounted to SEK 2,192 million (2,068) and operating profit was SEK 169 million (164).
  •   Net result after tax, including changes in fair value of financial assets, amounted to SEK 7,649 million (3,481).
  •   The profit per share was SEK 29.35 (13.19).
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    Events during the second quarter
  •   Kinnevik signed an agreement to acquire Emesco which will strengthen the ownership in Tele2 and MTG.
  •   Kinnevik subscribed for 51.9% in Metro's issue of subordinated debentures and warrants, of which 44.1% with preferential rights and 7.8% in addition to this, in accordance with previously granted guarantee, for a total amount of SEK 274 million.
  •   Within New Ventures, Kinnevik committed to invest USD 10 million in the micro financing fund Microvest and acquired 30% of the shares in a Ukrainian farming company and 20% of the shares in the Internet company R2 International.
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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 increased by SEK 5,418* million corresponding to 22% during the first half of the year.
  •   Korsnäs' revenue amounted to SEK 4,103 million (3,960) and operating profit was SEK 287 million (348).
  •   The Group's total revenue amounted to SEK 4,285 million (4,072) and operating profit was SEK 293 million (367).
  •   Net result after tax, including changes in fair value of financial assets, amounted to SEK 5,697 million (loss of 5,818).
  •   The profit per share was SEK 21.85 (loss of 22.04).
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    * Including dividends received.