Stockholm, October 21, 2016
PRESS RELEASE - NAXS AB (publ)
This announcement is not an offer of securities for sale in the United States nor in any other country, and securities may not be offered or sold in the United States absent registration or an exemption from registration under U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. Nor does it constitute or form part of, and may not be used for the purposes of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities by any person in any jurisdiction, nor shall it or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment to do so, in which (i) such offer or invitation is not authorised; or (ii) in which the person making such offer or invitation is not qualified to do so; or (iii) to any person to whom it is unlawful to make such offer or invitation.
Interim Report January-September 2016
Nine months 2016
- Net profit/loss for the period amounted to MSEK 55.1 (89.2).
- Earnings per share amounted to SEK 3.70 (6.00).
- Net asset value amounted to MSEK 806 (SEK 54.19 per share) at September 30, 2016, compared to MSEK 785 (SEK 52.78 per share) at year-end 2015.
- Net cash amounted to MSEK 344 (SEK 23.13 per share) at September 30, 2016, compared to MSEK 351 (SEK 23.60 per share) at year-end 2015.
- NAXS paid a dividend of SEK 2.50 per share for the fiscal year 2015.
Third quarter 2016
- Net profit/loss for the quarter amounted to MSEK 9.9 (30.8).
- Earnings per share amounted to SEK 0.66 (2.07).
Comments by the CEO
During the third quarter, NAXS’s net asset value per share rose by 1.6%, driven notably by positive currency effects.
The company currently has a relatively large proportion of cash on its balance sheet and continues to focus on building a deal flow of co-investment, secondary and other alternative investment opportunities.
Lennart Svantesson
Financial summary
| 2016 1/1–9/30 | 2015 1/1–9/30 | 2016 7/1–9/30 | 2015 7/1–9/30 | |
| Net profit/loss for the period, KSEK | 55 074 | 89 184 | 9 867 | 30 821 |
| 2016 09/30 | 2015 12/31 | |
| Private equity fund investments, KSEK | 462 393 | 434 246 |
| Private equity fund investments in % of equity | 57 | 55 |
| Remaining commitments, KSEK | 66 863 | 104 748 |
| Total exposure to private equity fund investments, KSEK | 529 256 | 538 994 |
| Net cash, KSEK | 343 921 | 350 970 |
| Private equity fund investments per share, SEK | 31.10 | 29.20 |
| Net cash per share, SEK | 23.13 | 23.60 |
| Net asset value per share, SEK | 54.19 | 52.78 |
| Share price, SEK | 47.70 | 54.00 |
Contact information
Lennart Svantesson, CEO Telephone: +46 73 311 00 11 Gösta Lundgren, CFO Telephone: +46 70 710 47 88
This information is information that Naxs AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 8.30 CET on October 21, 2016.
This press release and further information is available on the Company’s website: www.naxs.se
NAXS AB (publ) Corp. Reg. No. 556712-2972 Grev Turegatan 10 114 46 Stockholm, Sweden Tel: +46 8 611 33 25, E-mail: info@naxs.se
