Fourth Quarter and Full-Year 2023 Highlights
Year-End Release 2023
”2023 was a challenging year. Several of our companies did not meet our performance expectations, which is reflected in the weak development of our Net Asset Value during the year. On the other hand, we doubled down in our highest-conviction companies, taking advantage of our strong financial position and permanent capital allowing us to invest when many need to exit. We made selected new investments in our focus sectors, and we limited deployment into companies lacking traction. As a result, we headed into 2024 with a stronger and more concentrated portfolio, and with a SEK 7.9bn net cash position.”
Georgi Ganev, CEO of Kinnevik
Kinnevik in Numbers
Per 31 December 2023
SEK48.2bn
Net asset value
171
Nav per share
(5)%
change in nav Q/Q
(9%)
change in nav Y/Y
(25%)
1 year tsr
3%
5 year tsr
Conference Call 10am CET
Welcome to listed to the conference call presenting the fourth quarter and full year results 2023.
(for participants)
Those who wish to participate in the teleconference are welcome to register via the below link. Participants will receive dial-in numbers and confirmation code upon registration. Please make sure to register and dial in a few minutes before the teleconference begins.
(for participants)