Interim Report January-September 2018

Nine months 2018

• Net profit/loss for the period amounted to MSEK 22.2 (43.4).
• Earnings per share amounted to SEK 1.70 (3.07).
• Net asset value amounted to MSEK 743 (SEK 62.31 per share) at September 30, 2018, compared to MSEK 821 (SEK 60.17 per share) at year-end 2017. The fact that the total net asset value decreased, while the net asset value per share increased is due to the shares repurchases made during the period.
• Net cash amounted to MSEK 277 (SEK 23.26 per share) at September 30, 2018, compared to MSEK 450 (SEK 32.97 per share) at year-end 2017.
• The 2018 Annual General Meeting resolved that a dividend of 2.53 SEK per share to the shareholders for FY 2017.

Third quarter 2018

• Net profit/loss for the quarter amounted to MSEK 10.6 (-16.4).
• Earnings per share amounted to SEK 0.86 (-1.19).
• The Extraordinary General Meeting held on August 30 resolved to cancel the 1,355,340 own shares held by the company

Comments by the CEO

The net asset value per share increased by 2.6% during the third quarter.

NAXS added on its existing position in Awilco Drilling during the quarter, acquiring 31,122 shares on the market.

NAXS continued during the quarter to repurchase its own shares. Notably, the company acquired in July a block representing 5% of the total number of shares. Having reached the maximum legal threshold of 10% of own shares held by the company further to this purchase, NAXS held an extraordinary shareholders meeting on August 30, where it was resolved to cancel all own shares held by the company. Subsequently, NAXS repurchased in September two blocks of shares representing 1.1% and 1.4% of the total number of shares. During the first 3 quarters of 2018, NAXS has repurchased 12.2% of the total number of shares and, as of the date of its report, NAXS held 303 019 own shares, representing 2.5% of the total number of shares.

Lennart Svantesson

Contact information

Lennart Svantesson, CEO

Telephone: +46 73 311 00 11

Gösta Lundgren, CFO

Telephone: +46 70 710 47 88

This information is information that Naxs AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 8.30 CET on October 19, 2018.

This press release and further information is available on the Company’s website: www.naxs.se

NAXS AB (publ)
Corp. Reg. No. 556712-2972
Grev Turegatan 10
114 46 Stockholm, Sweden
Tel: +46 8 611 33 25, E-mail: info@naxs.se

NAXS is a company listed on Nasdaq Stockholm and investing primarily in private equity funds with a Nordic focus. NAXS may also make direct investments or co-investments alongside private equity or other alternative assets funds. In addition, NAXS may, to a limited extent, make other types of investments.

Attachment

• NAXS Interim report January-September 2018