Fram Skandinavien AB (publ) publishes monthly NAV report May 2023 - NAV reaches 70 SEK per share

MFN Publicerad: 09 Jun 2023 08:00

Significant events during the month

As of May 31st, the net asset value amounted to SEK 251 million (SEK 70 per share), which is approx. 119% above the closing price of the FRAM B share on the same day and represents a decrease of -5% compared to last April.

Carmudi has redefined the business model towards higher profitability, driven by the new Managing Director, Keshav Rustagi. As a result, the company experienced a meaningful improvement in gross margin.

EveHR won a new customer, Highlands Coffee (part of Viet Thai group, one of the biggest consumer and retail operators in Vietnam). Fram injected an additional funding tranche of 0.3 mSEK into the company in May.

Briefly about Fram^

Fram^ is a listed investment company focused on the digital consumer, blockchain and other tech in Southeast Asia. The management group and board of Fram^ have 100 years of joint experience of company building and investments, both in emerging markets and in Europe. The company management's collective experience from global and regional leaders such as Kinnevik, Cevian Capital, Bpifrance, Eurazeo, Boston Consulting Group, Rocket Internet, Ericsson, Lazada and Bima constitutes a multifaceted and necessary foundation for successfully investing in companies in emerging markets and helping them to grow.

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Fram Skandinavien AB (publ) publishes monthly NAV report May 2023 - NAV reaches 70 SEK per share

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