INDU C Industrivarden AB Class C

Interim Report, January 1 – March 31, 2024

Interim Report, January 1 – March 31, 2024

  • Net asset value on March 31, 2024, was SEK 166.8 bn, or SEK 386 per share. During the first quarter, net asset value increased by 11%, corresponding to SEK 38 per share.

  • The total return for the period was 12% for the Class A shares, as well as for the Class C shares, compared with 8% for the Stockholm Stock Exchange’s total return index (SIXRX).

  • During the first quarter, shares were purchased for a total of SEK 0.9 bn, of which SEK 0.3 bn in Sandvik, SEK 0.3 bn in Volvo and SEK 0.3 bn in SCA.



  2024 2023 2023
  March 31 March 31 Dec 31
Net asset value, SEK mn 166,794 138,305 150,252
Net asset value per share, SEK 386 320 348
Share price Industrivärden C, SEK 368.10 279.20 328.30
Debt-equities ratio 1% 4% 5%
    
  2024 2023 2023
SEK mn Jan – March Jan – March Jan – Dec
Earnings per share, SEK 38.25 27.35 62.15
Dividend income 7,258 2,832 6,418
Dividend paid 3,131
Equities portfolio:      
Purchases 887 432 2,854
Sales



This information is such that AB Industrivärden is required to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the Head of Corporate Communications and Sustainability, Sverker Sivall ( , ), at 11:00 a.m. CEST on April 8, 2024.

Attachment



EN
08/04/2024

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Reports on Industrivarden AB Class C

 PRESS RELEASE

New number of votes and shares outstanding

New number of votes and shares outstanding Where the company increases or reduces the total number of shares or votes in the company, the company shall by law publish information regarding the change.  At the 2011 Annual General Meeting, a share conversion clause was added to Industrivärden’s articles of association. Shareholders have the right at any time to request conversion of Class A shares to Class C shares. During the month of April 2024, 3,104,052 Class A shares were converted to 3,104,052 Class C shares. Following the share conversion, the number of votes in the company ...

 PRESS RELEASE

Nytt antal röster och utestående aktier

Nytt antal röster och utestående aktier Bolaget har en skyldighet enligt lag att offentliggöra uppgifter om en förändring i totala antalet aktier eller röster i bolaget. Vid årsstämman 2011 infördes ett omvandlingsförbehåll i Industrivärdens bolagsordning. Aktieägare har rätt att när som helst begära omvandling av A-aktier till C-aktier. Under april månad 2024 har omvandlingar skett av 3 104 052 A-aktier till 3 104 052 C-aktier. Efter omvandlingen uppgår antalet röster i bolaget till 263 396 693,5. Det totala antalet registrerade aktier i bolaget uppgår till 431 899 108, varav 24...

Linus Sigurdson
  • Linus Sigurdson

The weekly navigator

The key takeaways from this week are: 1) we raised our target price on Investor to SEK290 (260) as we see continued outperformance characteristics; 2) we cut our target price on Kinnevik to SEK135 (140) but reiterated our BUY, as we see continuously declining writedown risk in a more concentrated growth portfolio; and 3) VNV Global reported an unchanged Q1 NAV QOQ in USD terms.

Linus Sigurdson
  • Linus Sigurdson

The weekly navigator

The key takeaways from the past week are: 1) we raised our target price on VEF to SEK3.5 (3.4) and reiterated our BUY; 2) Kinnevik lowered the value of its unlisted portfolio by 5% QOQ in Q1 and proposed a SEK23/share cash distribution; and 3) Patricia Industries reported a strong Q1 in Johan Forssell’s last quarterly report as Investor’s CEO.

 PRESS RELEASE

Communiqué from Industrivärden’s 2024 Annual General Meeting

Communiqué from Industrivärden’s 2024 Annual General Meeting Industrivärden’s Annual General Meeting (AGM) was held on April 11, 2024, at which the following resolutions were made.  The AGM adopted the income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet. Furthermore, the AGM voted in favor of the proposal to pay a dividend of SEK 7.75 per share. April 15, 2024 was decided as the record date for the right to receive dividends. The AGM granted the members of the Board of Directors and the CEO discharge from liabi...

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