Investor AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 19, 2023 at 02:16 am EDT
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Investor AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 15,020 million compared to SEK 13,715 million a year ago. Net loss was SEK 11,090 million compared to net income of SEK 8,372 million a year ago. Basic loss per share from continuing operations was SEK 3.62 compared to basic earnings per share from continuing operations of SEK 2.73 a year ago. Diluted loss per share from continuing operations was SEK 3.62 compared to diluted earnings per share from continuing operations of SEK 2.73 a year ago.
For the nine months, sales was SEK 43,862 million compared to SEK 37,644 million a year ago. Net income was SEK 67,101 million compared to net loss of SEK 126,211 million a year ago. Basic earnings per share from continuing operations was SEK 21.91 compared to basic loss per share from continuing operations of SEK 41.2 a year ago. Diluted earnings per share from continuing operations was SEK 21.9 compared to diluted loss per share from continuing operations of SEK 41.2 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 
