Industrivarden AB Series C

AB Industrivarden is a holding company with an active ownership role in a concentrated selection of listed Nordic companies with good development potential. Co.'s mission is to create shareholder value based on a professional investment operation and active ownership in its portfolio companies. The goal is to generate high growth in net asset value over time.
  • TickerINDU C
  • ISINSE0000107203
  • ExchangeNasdaq Nordic Stockholm
  • SectorFinancial Services
  • CountrySweden
Derek Laliberté ...
  • Olof Cederholm
  • Oskar Vikström
  • Peter Kurt Nielsen
  • Tobias Kaj

Talking Points - Electrolux (Buy): Q2 better than expected on strong June

Tele2 (Sell) Preview: Q2’20 preview We raise 2020 EBIT by 3%; FX takes 5% off 2021-2022 Maintaining BUY and SEK 200 TP; full report on 17 July

Derek Laliberté ...
  • Olof Cederholm
  • Oskar Vikström
  • Peter Kurt Nielsen
  • Tobias Kaj

Talking Points - Electrolux (Buy): Q2 better than expected on strong June

Tele2 (Sell) Preview: Q2’20 preview We raise 2020 EBIT by 3%; FX takes 5% off 2021-2022 Maintaining BUY and SEK 200 TP; full report on 17 July

Derek Laliberté

Industrivarden - In good shape and offers decent value

Cyclical portfolio has underperformed Balance sheet remains strong; 2019 dividend uncertain Good outlook & fair valuation, but we prefer other names

Derek Laliberté

Industrivarden - NAV discount near all-time low

NAV performance in line with market Strong balance sheet, dividend decision expected HOLD: High relative valuation, NAV outlook strong

Derek Laliberté

Industrivarden - NAV outlook quite good, valuation fair

Q4 underperformance due to lower valuation Portfolio fundamentals do not stand out vs. market HOLD: Decent earnings outlook, normalised valuation

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior