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

Linus Sigurdson
  • Linus Sigurdson

The weekly navigator

Our takeaways from the past week: 1) VNV Global announced the sale of Gett and subsequently announced a buyback programme; 2) we met with VEF in New York, whose largest holding Creditas reported strong Q1 numbers; and 3) Bure reported Q1 NAV up 16% QOQ, outperforming the SIXRX.

Linus Sigurdson
  • Linus Sigurdson

The weekly navigator

In the past week: 1) we hosted an investor lunch with Latour’s CEO Johan Hjertonsson at our Stockholm office; and 2) Webrock Ventures reported its first quarterly results as a listed company, with its sights set on financial self-sufficiency by 2026.

Linus Sigurdson
  • Linus Sigurdson

The weekly navigator

From the past week, we highlight: 1) we raised our target price on Latour to SEK285 (280), but reiterated our HOLD; 2) Kinnevik-owned Lunar raised SEK282m of new capital; and 3) we will host an investor lunch with Latour’s CEO Johan Hjertonsson at our Stockholm office next week.

 PRESS RELEASE

Net asset value on April 30, 2024

Net asset value on April 30, 2024 On April 30, 2024, net asset value was SEK 369 per share. The closing price on April 30, 2024, was SEK 357.20 for the Class A shares and SEK 356.90 for the Class C shares. Stockholm, May 2, 2024 AB INDUSTRIVÄRDEN (publ) For further information, please contact: Sverker Sivall, Head of Corporate Communication and Sustainability, tel. The information was submitted for publication at 10:00 a.m. CEST on May 2, 2024. Attachment

 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 ...

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