Highlights during the second quarter
- Adjusted net asset value (NAV) was SEK 1,214.7bn (SEK 397 per share) on June 30, 2026, a change of SEK 106.8bn, or 9 percent, with dividend added back, during the quarter. Total shareholder return was 15 percent, compared to 9 percent for the SIXRX return index.
- Listed Companies' total return was 14 percent. Investor invested SEK 1,701m in Electrolux's rights issue, acquired shares in Nasdaq for SEK 46m, and entered into an agreement to divest 2m shares in SEB to maintain our current ownership level.
- Patricia Industries' total return was -3 percent (-4 percent excl. cash) based on estimated market values, driven by lower multiples, mitigated by earnings growth and cash flow.
- Patricia Industries' major subsidiaries reported sales growth of 6 percent, of which 7 percent organically in constant currency. Reported EBITA grew by 13 percent, adjusted EBITA grew by 16 percent.
- Mölnlycke reported organic sales growth of 2 percent in constant currency, with Wound Care growing 2 percent. The underlying EBITA margin increased. Mölnlycke distributed EUR 200m to Patricia Industries.
- The value change of Investments in EQT was -2 percent. Total net cash flow to Investor was SEK 520m. Investor acquired shares in EQT for SEK 349m.
- Leverage was 1.9 percent as of June 30, 2026 (2.1 percent as of December 31, 2025). Gross cash was SEK 28,800m. The average maturity of Investor AB's debt portfolio was 8.7 years.