Announcement No 4 Interim Report as at 31 D

Interim Report

as at 31 December 2016

The Supervisory Board of Investeringsselskabet Luxor A/S has today adopted the Interim Report as at 31 December 2016.

  First quarter 2016/17:

• Basic earnings amount to DKK 7.1 million (DKK 8.8 million), which is in line with expectations.  
• The Group’s results before tax for the quarter show a profit of DKK 12.9 million (DKK -9.5 million). The results for the quarter are positively affected by DKK 5.8 million, which primarily relates to net positive fair value adjustments and  realised gains on bonds as well as positive fair value adjustments on interest swaps etc not included in basic earnings.  
• The net asset value per share in circulation is DKK 366.38 (DKK 346.89). The net asset value per share in circulation is affected by the dividend distribution of DKK 20 million in January 2016, corresponding to DKK 20 per share.

  Expected profit for the year 2016/17

• At present, basic earnings of approx. DKK 24.0 million are still expected for the financial year 2016/17, which is in accordance with the most recent announcement at 19 December 2016. Fair value adjustments and losses and gains realised on bonds, foreign currencies and interest swaps, etc are not included in basic earnings and will from the beginning of the financial year until 16 February 2017 affect results for the year before tax by DKK 9.2 million. The amount is distributed with DKK 5.8 million in the first quarter of the financial year and DKK 3.4 million in the period 1 January to 16 February 2017.

         Jannik Rolf Larsen, CEO