INDU C Industrivarden AB Class C

Delårsrapport, 1 januari – 30 september 2023

Delårsrapport, 1 januari – 30 september 2023

  • Substansvärdet den 30 september 2023 var 134,7 mdkr, eller 312 kronor per aktie. Under de första nio månaderna ökade substansvärdet med 6 procent, motsvarande 19 kronor per aktie.

  • Totalavkastningen uppgick under perioden till 17 procent för såväl A-aktien som C-aktien, jämfört med 5 procent för Stockholmsbörsens totalavkastningsindex (SIXRX).

  • Under de första nio månaderna 2023 förvärvades aktier för totalt 2,0 mdkr, varav 0,8 mdkr i Sandvik, 0,6 mdkr i Volvo, 0,4 mdkr i Handelsbanken och 0,2 mdkr i SCA.



 202320222022
 30 sept30 sept31 dec
Substansvärde, mnkr134 663107 466126 477
Substansvärde per aktie, kr312249293
Aktiekurs Industrivärden C, kr288,60223,30253,00
Skuldsättningsgrad5%6%5%
    
 202320222022
mnkrjan – septjan – septjan – dec
Resultat per aktie, kr26,10-76,17-32,34
Utdelningsintäkter6 4185 4795 479
Lämnad utdelning3 1312 9152 915
Aktieportföljen:   
Förvärv2 0492 9153 184
Avyttringar–––



Denna information är sådan som AB Industrivärden är skyldigt att offentliggöra enligt EU:s marknadsmissbruksförordning. Informationen lämnades, genom kommunikations- och hållbarhetschefen Sverker Sivalls (telefon: 08-666 64 19, epost: ) försorg, för offentliggörande den 6 oktober 2023, kl. 11:00 CEST.

Bilaga



EN
06/10/2023

Underlying

INDU CIndustrivarden AB Class C

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Industrivarden AB Class C

Linus Sigurdson
  • Linus Sigurdson
Free Trial
LUND B L E Lundbergfor...
INDU C Industrivarden ... ... (+6)

The weekly navigator

From the past week, we highlight: 1) Investor bought shares in EQT for the first time since its 2019 IPO; 2) ahead of Kinnevik’s 12 May AGM, we highlight the return of Cristina Stenbeck as chair and the potential for share buybacks at a 40% discount to NAV; and 3) Lundbergs bought shares in its existing holdings for SEK512m.

LUND B L E LUNDBERGFORETAGEN AB CLASS B
INDU C INDUSTRIVARDEN AB CLASS C
LATO B LATOUR AB INVESTMENT CLASS B
VEFAB VEF
KINV B KINNEVIK INVESTMENTS AB
INVE B INVESTOR AB
05/08/25 May 8, 2025 1 EN
Linus Sigurdson
  • Linus Sigurdson
Free Trial
LUND B L E Lundbergfor...
INDU C Industrivarden ... ... (+6)

The weekly navigator

From the past week, we highlight: 1) we lowered our target price for Latour to SEK300 (340) following a Q1 report with a slight NAV decline but strong organic order intake growth; 2) Investor bought 6.3m Ericsson shares, and we highlight its successful top-ups in the name; 3) insider purchases at Investor are in our view a signal to look beyond a relatively small discount to NAV; and 4) Flat Capital reported Q1 NAV down 1% QOQ.

LUND B L E LUNDBERGFORETAGEN AB CLASS B
INDU C INDUSTRIVARDEN AB CLASS C
LATO B LATOUR AB INVESTMENT CLASS B
VEFAB VEF
KINV B KINNEVIK INVESTMENTS AB
INVE B INVESTOR AB
04/30/25 April 30, 2025 1 EN
Linus Sigurdson
  • Linus Sigurdson
Free Trial
LUND B L E Lundbergfor...
INDU C Industrivarden ... ... (+6)

The weekly navigator

From the past week, we highlight: 1) we lowered our target price in Investor to SEK320 following a 9% write-down of Patricia Industries in its Q1 report; 2) we reduced our target price in Kinnevik to SEK100 to reflect macroeconomic headwinds, but remain positive ahead of Cristina Stenbeck’s return as chair; 3) we cut our VEF target price to SEK2.5 on FX movements and see re-rating potential from e.g. ongoing buybacks; and 4) we lowered our target price in Flerie to SEK57 given worsening funding ...

LUND B L E LUNDBERGFORETAGEN AB CLASS B
INDU C INDUSTRIVARDEN AB CLASS C
LATO B LATOUR AB INVESTMENT CLASS B
VEFAB VEF
KINV B KINNEVIK INVESTMENTS AB
INVE B INVESTOR AB
04/24/25 April 24, 2025 1 EN
Linus Sigurdson
  • Linus Sigurdson
Free Trial
LUND B L E Lundbergfor...
INDU C Industrivarden ... ... (+6)

The weekly navigator

From the past week, we highlight: 1) we are encouraged by the return of Cristina Stenbeck as chair of Kinnevik, and believe it could result in a lower discount to NAV; 2) VEF completed a milestone partial exit of Juspay at a 37% IRR, putting it on track to pay down debt and repurchase shares at a 50% discount to NAV in the near term; and 3) for Industrivärden, we recently reiterated our HOLD and lowered our target price to SEK345 (400), as we see risk to the earnings outlook of its portfolio com...

LUND B L E LUNDBERGFORETAGEN AB CLASS B
INDU C INDUSTRIVARDEN AB CLASS C
LATO B LATOUR AB INVESTMENT CLASS B
VEFAB VEF
KINV B KINNEVIK INVESTMENTS AB
INVE B INVESTOR AB
04/10/25 April 10, 2025 1 EN
Linus Sigurdson
  • Linus Sigurdson
Free Trial
INDU C Industrivarden ...

Industrivärden (Hold, TP: SEK345.00) - Caught in a market headwind

We remain on the sidelines following Industrivärden’s Q1 report, reiterating our HOLD but with a lowered SEK345 (400) target price. While this reflects forward NAV growth of 26%, we have raised our target discount to NAV to 20% to account for the current macro situation (potential near-term volatility in its portfolio companies’ earnings outlook). We see clearer near-term value in its main owner Lundbergs given its defensive portfolio characteristics, a lower portfolio-weighted US exposure and a...

INDU C INDUSTRIVARDEN AB CLASS C
04/08/25 April 8, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch