Interim Report January-March 2020

First quarter 2020

• Net profit for the first quarter amounted to MSEK -4.0 (15.8).
• Earnings per share amounted to SEK -0.35 (1.33).
• Net asset value amounted to MSEK 704 (SEK 63.13 per share) at March 31, 2020, compared to MSEK 710 (SEK 63.63 per share) at December 31, 2019.
• Net cash amounted to MSEK 188 (SEK 16.86 per share) at March 31, 2020, compared to MSEK 230 (SEK 20.60 per share) at December 31, 2019.
• The 2020 Annual General Meeting resolved to pay a dividend of 3.00 SEK per share for FY 2019.

Comments by the CEO

Including the dividend paid, the net asset value (NAV) per share increased by 3.9% during the first quarter of 2020. However, the recent turbulent market conditions may result in a material impact on the valuation of NAXS’s private equity fund investments and other investments in the coming quarters. 

The Future Prospects section of this report sets forth a sensitivity analysis showing the impact a change in valuation in NAXS’s holdings would have on the company’s results.
Lennart Svantesson

Financial summary

Attachment

• NAXS Interim Report January-March 2020