Investor AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 15, 2022 at 06:00 am EDT
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Investor AB (publ) reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was SEK 12,280 million compared to SEK 9,677 million a year ago. Net loss was SEK 65,490 million compared to net income of SEK 31,771 million a year ago. Basic loss per share from continuing operations was SEK 21.38 compared to basic earnings per share from continuing operations of SEK 10.37 a year ago. Diluted loss per share from continuing operations was SEK 21.38 compared to diluted earnings per share from continuing operations of SEK 10.37 a year ago.
For the six months, sales was SEK 23,929 million compared to SEK 19,344 million a year ago. Net loss was SEK 134,582 million compared to net income of SEK 120,001 million a year ago. Basic loss per share from continuing operations was SEK 43.93 compared to basic earnings per share from continuing operations of SEK 39.17 a year ago. Diluted loss per share from continuing operations was SEK 43.93 compared to diluted earnings per share from continuing operations of SEK 39.15 a year ago.
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.
INVESTOR AB 
