Kinnevik's net asset value increases 5 percent in Q1

Kinnevik reported NAV of 117.8 billion Swedish krona or 424 Swedish krona per share, up 6.1 billion Swedish krona or 5 percent in the quarter. The company’s net cash position stood at 3.9 billion Swedish krona, corresponding to 3.4 percent of portfolio value by quarter-end. The company said that its NAV was negatively impacted by lower valuations in emerging markets and soft share price performance in Zalando.