Kinnevik: Year-end release 2014

6 Feb 2015, 8:00 AM

Highlights fourth quarter 2014

Strong growth in Net Asset Value (NAV)

-      NAV up 10% (SEK 7.7bln) to SEK 84.4bln

-      Zalando and Rocket Internet share prices up 19% and 21% respectively compared to IPO price

-      Limited change in fair value of unlisted assets, up SEK 101m

Continued strong sales growth in Global Fashion Group, investments in growth impacted margins in the third quarter

Disciplined investment activity in Kinnevik

-      Focus on existing portfolio companies

-      SEK 241m invested in CDON/Qliro Group and ownership stake increased to 28.5%

-      Temasek invested in Lazada at a post-money valuation of EUR 1bln. Kinnevik invested SEK 74m

Full Year 2014

NAV up 29% (SEK 18.8bln)

Investments of SEK 1.5bln in line with guidance

Increased focus in the portfolio

-      Merged five emerging markets fashion companies into one market leader - Global Fashion Group

Exciting new investment in Quikr, a leading classifieds platform in India

The Board of Directors proposes that the Annual General Meeting decides on a dividend of SEK 7.25 per share, corresponding to an increase of 3.6%