"At the end of 2023, our adjusted net asset value reached an all-time-high, passing the
President & CEO of Investor
Highlights during the fourth quarter- Adjusted net asset value (NAV) amounted to
SEK 818,386m (SEK 267 per share) on December 31, 2023 , an increase of SEK 58,067m , or 8 percent, during the quarter. Total shareholder return amounted to 12 percent, compared to 14 percent for the SIXRX return index. For 2023, adjusted net asset value growth amounted to 24 percent and total shareholder return to 26 percent, compared to 19 percent for SIXRX. -
Listed Companies generated a total return of 9 percent during the fourth quarter. For 2023, the total return amounted to 25 percent.
-
Based on estimated market values, the total return for
Patricia Industries , excluding cash, amounted to -1 percent
(-1 percent including cash) during the fourth quarter. Strong earnings growth and high cash flow generation contributed positively, but were offset by negative currency impact and multiple contraction. The full-year total return amounted to 24 percent (22 percent including cash). -
Within
Patricia Industries , sales growth for the major subsidiaries amounted to 11 percent, of which 8 percent organically in constant currency. Reported EBITA grew 21 percent and adjusted EBITA grew 22 percent. Cash conversion for the major subsidiaries amounted to 105 percent. -
Mölnlycke reported organic sales growth of 9 percent in constant currency, with the largest business area Wound Care also growing 9 percent. The profit margin improved significantly compared to last year, which was impacted by production disturbances and reorganization costs. Mölnlycke distributed
EUR 300m to Patricia Industries . -
The value change of Investments in EQT was 16 percent. Net cash flow to Investor amounted to
SEK 1,163m . For the full year 2023, the value change amounted to 17 percent and the net cash flow to Investor was SEK -178m . -
Leverage was 1.7 percent as of
December 31, 2023 (1.5 percent as of December 31, 2022 ). Gross cash amounted to SEK 24,851m and the average maturity of Investor AB's debt portfolio was 10.8 years on December 31, 2023 . -
The Board of Directors proposes a dividend per share of
SEK 4.80 (4.40) to be paid in two installments, SEK 3.60 in May, 2024, and SEK 1.20 in November, 2024.
(-1 percent including cash) during the fourth quarter. Strong earnings growth and high cash flow generation contributed positively, but were offset by negative currency impact and multiple contraction. The full-year total return amounted to 24 percent (22 percent including cash).
For further information:
Phone +46 725 60 21 57
jacob.lund@investorab.com
Magnus Dalhammar, Head of Investor Relations,
Phone +46 73 524 2130
magnus.dalhammar@investorab.com
This information is information that
Our press releases can be accessed at www.investorab.com
https://news.cision.com/investor/r/investor-year-end-report-2023,c3912153
https://mb.cision.com/Main/1084/3912153/2550541.pdf
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