Fram Skandinavien AB (publ) publishes monthly NAV report March 2023 - NAV reaches 73 SEK per shares
Significant events during the month
As of March 31, the net asset value amounted to SEK 263 million (SEK 73 per share), which is approx. 136% above the closing price of the FRAM B share on the same day and represents a decrease of -1% compared to last February.
Carmudi has actively redefined the new business model for profitable growth this year, driven by the new Managing Director, Keshav Rustagi. Despite these changes in the core business model, the prel. revenue in Q1 2023 was up by +28% compared to Q1 2022 (14.4 mSEK compared to 11.3 mSEK).
Dragonlend continued to increase its revenue in Q1 2023, with a strong growth of +136% compared to Q1 2022 (1 mSEK compared to 0.4 mSEK).
EveHR won new customers (Bosch & Amanotes) last month and has expanded sale team in order to approach new potential customers.
Fram injected additional funding into Carmudi and EveHR, 2.1 mSEK and 0.3 mSEK last month respectively.
