INDU C Industrivarden AB Class C

Industrivärden’s Board of Directors does not intend to propose a dividend during the current year

Industrivärden’s Board of Directors does not intend to propose a dividend during the current year

Industrivärden's Board of Directors has considered the issue to propose an Extraordinary General Meeting in 2020 to decide on a dividend. Due to continued uncertainty regarding the COVID-19-pandemic and the fact that dividends from the portfolio companies have largely not transpired in 2020, the Board of Directors has decided not to convene an Extraordinary General Meeting during the current year to decide on a dividend.

As usual, the Board of Directors intends to submit its proposed dividend during 2021 in connection with the publication of the year-end report for 2020, which will be published on February 9, 2021.



Stockholm, October 27, 2020



AB Industrivärden (publ)

The Board of Directors



For further information, please contact:

Sverker Sivall, Head of Corporate Communications and Sustainability, tel.



This information is information that AB Industrivärden is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by the Head of Corporate Communication and Sustainability, Sverker Sivall (tel. ), at 12:20 p.m.  CET on October 27, 2020.

Attachment

EN
27/10/2020

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INDU CIndustrivarden AB Class C

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Reports on Industrivarden AB Class C

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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
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Linus Sigurdson
  • Linus Sigurdson
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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
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KINV B KINNEVIK INVESTMENTS AB
INVE B INVESTOR AB
04/24/25 April 24, 2025 1 EN
Linus Sigurdson
  • Linus Sigurdson
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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...

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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...

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