MYCRONIC AB - Net asset value was
SEK 257.9 per share compared toSEK 196.3 at the beginning of the year, corresponding to an increase of 31.4 per cent. - Bure’s net asset value was
SEK 19,123M compared toSEK 14,559M at the beginning of the year. - Total return on the Bure share was 17.0 per cent compared to the SIX Return Index which rose 19.2 per cent.
- Group earnings after tax amounted to
SEK 4,749M (-9,235). Earnings per share amounted toSEK 64.0 (-124.7).
Interim report September –
- Net asset value was
SEK 257.9 per share compared toSEK 217.6 at the beginning of the quarter, corresponding to an increase of 18.5 per cent. - Bure divested 3.7 million shares in
Mycronic forSEK 870M , resulting in an exit gain ofSEK 813M . - Bure purchased 7.2 million shares in Ovzon’s rights issue for
SEK 33M .
Events after the end of the period
- Net asset value amounted to 283.2 per share on
21 February 2024 , corresponding to an increase of 9.8 per cent since the beginning of the year. - The Board of Directors proposes that the Annual General Meeting approves an ordinary dividend of
SEK 2.50 per share (2.25).
Comments from the CEO
After a weak third quarter, 2023 ended with a sharp rise in the fourth quarter. The SIX RX increased 13.9 per cent while Bure’s net asset value per share was up 18.5 percent. Overall, 2023 was a good year for Bure. Net asset value per share increased 31.4 per cent, compared to the SIX RX which rose 19.2 per cent.
Internally, 2023 was of course dominated by the merger of ACQ and Yubico. For Bure, the transaction represented the finish line for ACQ – the SPAC project launched in
2023 was a successful year for several of the portfolio companies. Our listed portfolio companies –
continued challenges at
commercial and privately financed geostationary satellite – a genuine landmark event.
In November, Bure sold 3.7 million shares in
largest owner of
The outlook at the beginning of 2023 was characterised by general concern and considerable caution. However, falling inflation and the flattening of interest rates helped the stock market rise almost 20 per cent, despite various dramas during the year. As we look ahead to 2024, we have grounds for a little more optimism. The performance of most of the portfolio companies continues to be positive. The economic uncertainty remains, however, and there is still great concern geo-politically. It is therefore still important to balance growth, earnings and cash flow. In conclusion, with approximately
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