Skip to main contentSkip to navigationSkip to search

Interim report 1 January- 30 September 2010

21 okt 2010, 08:01 am
Financial results for the third quarter

·          The market value of the Group's securities in Major Listed Holdings
amounted to SEK 51,214 m on 30 September, an increase of SEK 4,400 m
corresponding to 9% since 30 June 2010.
·          Korsnäs' operating profit increased with 14% to SEK 368 m (322) and
the operating margin was 18.2% (16.8%).
·          The Group's total revenue increased to SEK 2,079 m (1,981).
·          Net result after tax, including changes in fair value of financial
assets, amounted to a profit of SEK 4,512 m (5,942) corresponding to a profit
per share of SEK 16.27 (22.58).


Financial results for the first nine months of the year

·        The market value of the Group's securities in Major Listed Holdings
increased by SEK  12,771*m corresponding to 31%.
·         Korsnäs' operating profit increased with 33% to SEK  810 m (609) and
the operating margin was 13.1% (10.1%) including received conflict compensation.
·         The Group's total revenue increased to SEK 6,442 m (6,266).
·         Net result after tax, including changes in fair value of financial
assets, amounted to a profit of SEK  13,177 m (11,639) corresponding to a profit
per share of SEK 47.48 (44.51).

* Including dividends received.


"A  stronger economic cycle  is evident in  all of Kinneviks portfolio companies
and  we  see  sales  growth  driven  by  a  stronger demand. Kinneviks portfolio
companies  are driven by  the ambition to  be price leading  and by offering the
best  deal and the margin development  clearly demonstrates that cost efficiency
remains  a top priority. The  companies also need to  stay on-top of the rapidly
changing   technological   environment   which  significantly  changes  customer
behavior.  Capturing these trends is also an important driver for investments in
our  New Ventures portfolio  which remain a  focus area going  forward" says Mia
Brunell Livfors, CEO of Kinnevik.



[HUG#1453772]





Press release:
http://hugin.info/1114/R/1453772/394278pdf




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