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Kinnevik: Interim Report 1 January - 30 September 2017

26 October 2017, 8:00 AM


  • Zalando showed continued healthy growth and announced the launch of a beauty category in the spring of 2018
    Preliminary revenue growth of 27.5-29.5% and an EBIT margin of between -0.5 and 0.5%
  • GFG reported solid sales growth and halved losses, progressing on its path to profitability
    Revenue growth of 16% and an adjusted EBITDA margin of -4%
  • Millicom returned to positive revenue growth driven by accelerated deployment of high-speed data networks
    Organic service revenue growth of 1.7% and an EBITDA margin of 37%
  • Tele2 showed good momentum driven by strong uptake of their new mobile offerings
    Revenue growth of 1% on a like for like basis and an EBITDA margin of 25%
  • Com Hem intends to propose a 50% increase of the cash dividend on the back of a solid growth trajectory
    Organic revenue growth of 4% and an organic underlying EBITDA margin of 50%
  • MTG reported strong growth driven by all four business segments, and continued its digital investments
    Organic revenue growth of 7% and an EBIT margin of 6%
  • Total investments of SEK 569mwhereof SEK 527m (USD 65m) into Betterment, increasing Kinnevik's shareholding to 16%
  • Total divestments of SEK 104mattributable in full to Glossybox
  • Dividend of SEK 350mreceived from Black Earth Farming following completion of asset sale


  • Net Asset Value of SEK 85.7bn(SEK 311 per share), up SEK 3.8bn or 5% during the quarter, led by a SEK 1.8bn increase in Zalando and a SEK 1.5bn increase in Millicom
  • Net debt position of SEK 0.9bnat the end of the quarter

A conference call will be held today, 26 October 2017, at 10.00 CET to present the results.

Link to the audiocast:

Dial-in numbers:
UK: +44 20 3364 5374
SE: +46 8 505 564 74
US: +1 855 753 2230

This information is information that Kinnevik AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on 26 October 2017.

For further information, visit or contact:

Torun Litzén, Director Investor Relations

Phone +46 (0)70 762 00 50

Kinnevik is an industry focused investment company with an entrepreneurial spirit. Our purpose is to build the digital consumer businesses that provide more and better choice. We do this by working in partnership with talented founders and management teams to create, invest in and lead fast growing businesses in developed and emerging markets. We believe in delivering both shareholder and social value by building well governed companies that contribute positively to society. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families.

Interim Report

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kinnevik via Globenewswire