Kinnevik records 11 percent drop in its Q1 net asset value

In its interim report to March 31, 2020, Kinnevik said NAV of 64.9 billion Swedish krona, declined 8.4 billion Swedish krona or 11 percent in the quarter, driven primarily by a 20 percent drop in the value of our Zalando investment, corresponding to 6.2 billion Swedish krona. Net debt position stood at 1.5 billion Swedish krona, corresponding to a leverage of 2.2 percent of portfolio value.