NAXS Interim financial report January-September 2022
Nine months 2022
- Net profit for the interim period amounted to MSEK 93.4 (107.7).
- Earnings per share amounted to SEK 8.40 (9.66).
- Net asset value amounted to MSEK 924 (SEK 83.38 per share) at September 30, 2022, compared to MSEK 823 (SEK 73.78 per share) at December 31, 2021.
- Net cash amounted to MSEK 244 (SEK 22.01 per share) at September 30, 2022, compared to MSEK 266 (SEK 23.81 per share) at December 31, 2021.
- The 2022 Annual General Meeting resolved to pay a dividend of 3.50 SEK per share for FY 2021.
Third quarter 2022
- Net profit/loss for the quarter amounted to MSEK 34.7 (26.6).
- Earnings per share amounted to SEK 3.13 (2.39).
CEO Comments
NAXS continued to experience a positive NAV development during the third quarter, with the NAV/share increasing by 5.9 percent. Over 12 months, the NAV/share has increased by 26.9 percent, including the dividend paid in April.
During the quarter, NAXS’s underlying funds made one new acquisition and exited one portfolio company. The relatively low level of activity in the portfolio during the quarter reflects the generally more challenging macroeconomic environment.
Gösta Lundgren
Financial summary
| 2022 | 2021 | 2022 | 2021 | |
| 1/1-30/9 | 1/1-30/9 | 1/7-30/9 | 1/7-30/9 | |
| Net profit/loss, KSEK | 93 385 | 107 698 | 34 716 | 26 647 |
| 2022 30/9 |
2021 31/12 |
|
| Private equity fund investments, KSEK | 632 214 | 513 925 |
| Private equity fund investments in % of equity | 68 | 63 |
| Remaining commitments, KSEK | 180 013 | 86 012 |
| Total exposure to private equity fund investments, KSEK | 812 227 | 599 937 |
| Other investments, KSEK | 48 231 | 44 693 |
| Net cash, KSEK | 243 806 | 265 523 |
| Private equity fund investments per share, SEK | 57.07 | 46.08 |
| Other investments per share, SEK | 4.35 | 4.01 |
| Net cash per share, SEK | 22.01 | 23.81 |
| Net asset value per share, SEK | 83.38 | 73.78 |
| Share price, SEK | 58.10 | 64.80 |
Contakt:
Gösta Lundgren, Interim CEO
+ 46 70 7104788
| This information is information that NAXS AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 18.30 CET on October 25, 2022 |