Investor AB Announces Consolidated and Parent Company Earnings Results for the Year Ended December 31, 2012; Proposes Dividend for 2012
January 29, 2013 at 06:31 am EST
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Investor AB announced consolidated and parent company earnings results for the year ended December 31, 2012. For the year, the company's Net Sales were SEK 16,849 million compared to SEK 14,674 million for the same period in 2011. Profit was SEK 26,083 million compared to loss of SEK 7,015 million for the same period in 2011. Profit before tax was SEK 23,557 million compared to loss before tax of SEK 9,581 million for the same period in 2011. Profit attributable to owners of the parent company was SEK 24,226 million or SEK 31.83 per diluted share compared to loss attributable to owners of the parent company of SEK 9,229 million or SEK 12.14 per diluted share for the same period in 2011. Cash flows from operating activities was SEK 4,785 million compared to SEK 5,340 million for the same period in 2011. Acquisitions of property, plant and equipment was SEK 682 million compared to SEK 571 million for the same period in 2011.
For the year, the parent company net sales were SEK 29 million compared to SEK 20 million for the same period in 2011. Operating profit was SEK 22,633 million compared to operating loss of SEK 16,966 million for the same period in 2011. Profit for the period was SEK 23,057 million compared to loss for the period of SEK 16,713 million for the same period in 2011.
The company announced the board of directors proposed a dividend to the shareholders of SEK 7.00 per share for fiscal 2012 (SEK 6.00 for 2011).
Investor AB is a Sweden-based industrial holding company. Its operations are divided into three business segments: Listed Core Investments, EQT and Patricia Industries. The Listed Core Investments segment consists of listed holdings, which embrace ABB, AstraZeneca, Atlas Copco, Electrolux, Ericsson, Husqvarna, Nasdaq, Saab, SEB, Sobi and Wartsila. The EQT segment consists of the holdings in EQT private equity company. The Patricia Industries includes the wholly-owned subsidiaries, 3 Scandinavia and the former IGC portfolio, as well as all other financial investments, except EQT and the Companyâs trading portfolio. The wholly-owned subsidiaries include Aleris, BraunAbility, Laborie, Molnlycke, Permobil, The Grand Group and Vectura.