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Regulatory press release

Investor: Interim Management Statement January-March 2024

Investor
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"The year has started on a strong note. Our adjusted net asset value reached SEK 915bn, an increase of 12 percent during the quarter, with all three business areas contributing strongly. With value creation as our North Star, we continue to support our companies in their efforts to future proof operations and customer offerings."

Johan Forssell
President & CEO of Investor"

Highlights during the first quarter
  • Adjusted net asset value (NAV) amounted to SEK 915,109m (SEK 299 per share) on March 31, 2024, an increase of SEK 96,723m, or 12 percent, during the quarter. Total shareholder return amounted to 15 percent, compared to 8 percent for the SIXRX return index.
  • Listed Companies generated a total return of 10 percent.
  • Based on estimated market values, the total return for Patricia Industries, excluding cash, amounted to 18 percent
(17 percent including cash). Multiple expansion, earnings growth and currency contributed positively.
  • Within Patricia Industries, sales growth for the major subsidiaries amounted to 7 percent, of which 7 percent organically in constant currency. Reported and adjusted EBITA grew 10 percent.
  • Mölnlycke reported organic sales growth of 5 percent in constant currency, with the largest business area Wound Care growing 6 percent. The profit margin improved.
  • The value change of Investments in EQT was 12 percent. Net cash flow to Investor amounted to SEK -1,005m.
  • Leverage was 0.8 percent as of March 31, 2024 (1.7 percent as of December 31, 2023). Gross cash amounted to SEK 32,381m and the average maturity of Investor AB's debt portfolio was 10.6 years on March 31, 2024.

This information is information that Investor AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:15 CET on April 18, 2024.

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