Year-End Release 2010
16 February 2011, 8:01 AM
Financial results for the fourth quarter · The market value of the Group's securities in Major Listed Holdings amounted to SEK 50,645 m on 31 December, a decrease of SEK 569(1)) m corresponding to -1% since 30 September 2010. · The increase in fair value on holdings within New Ventures amounted to SEK 893 m (negative 30), of which SEK 246 m (negative 29) was related to Black Earth Farming and the remaining SEK 647 m (negative 1) was mainly related to holdings within online. · Korsnäs' operating profit amounted to 116 m (242) and the operating margin was 5.8% (12.0%). · The Group's total revenue amounted to SEK 2,151 m (2,131). · Net result after tax, including changes in fair value of financial assets, amounted to a profit of SEK 445 m (4,734) corresponding to a profit per share of SEK 1.60 (17.07). Financial results for 2010 · The market value of the Group's securities in Major Listed Holdings increased by SEK 12,202(1)) m corresponding to 30%. · Korsnäs' operating profit increased with 9% to SEK 926 m (851) and the operating margin was 11.3% (10.6%) including received conflict compensation. · The Group's total revenue increased to SEK 8,593 m (8,397). · Net result after tax, including changes in fair value of financial assets, amounted to a profit of SEK 13,622 m (16,373) corresponding to a profit per share of SEK 49.08 (61.66). · The Board proposes that the Annual General Meeting decide on a cash dividend of SEK 4.50 (3.00) per share. · The Board has revised Kinnevik's financial targets, which are presented on page 3. (1)) Including dividends received. Year-End Report 2010: http://hugin.info/1114/R/1489461/424883pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Kinnevik via Thomson Reuters ONE [HUG#1489461]