First Quarter 2022 Highlights

"The first quarter of 2022 was turbulent. Russia’s invasion of Ukraine, which Kinnevik strongly condemns, is causing massive human suffering and dislocation and will have long lasting effects on human lives and global relations. Kinnevik has limited exposure to the directly affected areas, and our focus is on ensuring the safety of our investee’s employees in the region. In the private markets, we see a a pressure on valuations having an impact on our portfolio. However, despite the new macropolitical and financial reality, it is our firm belief that quality companies with innovative customer propositions will continue to grow and create value."

Georgi Ganev, CEO of Kinnevik