Kinnevik news and archive

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...

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Kinnevik proposes election of James Anderson as new Chairman

Nomination committee of Kinnevik AB has proposed the election of James Anderson as new Chairman of the board and Harald Mix as new Director of the board at the Annual General Meeting in April 2021. The company added that the committee further proposes the re-election of Susanna Campbell, Brian McBride, Charlotte Strömberg and Cecilia Qvist as...

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Kinnevik reports 52 percent increase in full year net asset value

Kinnevik’s net asset value amounted to 111.7 billion Swedish krona or 402 Swedish krona per share at the end of 2020, up by 3.8 billion Swedish krona or 4 percent in the quarter and 38.4billion Swedish krona or 52 percent in the full year. The company said in a statement that a broad-based revaluation in our private portfolio, which was up 22...

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Kinnevik names Natalie Tydeman as Senior Investment Director

Kinnevik AB has announced that Natalie Tydeman will join Kinnevik in January 2021 as Senior Investment Director and member of the management team. The company said in a statement that Tydeman has a successful track record in private equity investing with a focus on fast-growing technology companies within entertainment, education, and...

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Kinnevik posts 23 percent improvement in NAV

For the period to September 30, 2020, Kinnevik reported NAV of 107.9 billion Swedish krona or 388 Swedish krona per share, up 20.3 billion Swedish krona or 23 percent in the quarter, adding back paid dividend of 1.9 billion Swedish krona. The company said in a statement that adjusting for the dividends received from Tele2 in early October, its...

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Kinnevik's Q2 NAV improves 38 percent, proposes special dividend

For the second quarter, Kinnevik reported NAV of 89.6 billion Swedish krona or 323 Swedish krona per share, up 24.7 billion Swedish krona or 38 percent in the quarter. The company’s net cash position was 5.5 billion Swedish krona, corresponding to 6.6 percent of portfolio value by quarter-end, and amounting to 3.6 billion Swedish krona adjusted...

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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...

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Kinnevik proposes to elect Cecilia Qvist to its board of directors

Kinnevik AB’s nomination committee has proposed the election of Cecilia Qvist to Kinnevik’s board of directors at the annual general meeting in May 2020 as well as the re-election of all current board members, and the re-election of the Chairman of the board, Dame Amelia Fawcett. Commenting on the proposed election, Cristina Stenbeck, Chairman...

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Kinnevik's net asset value remains flat in Q4

Kinnevik’s net asset value (NAV) amounted to 73.3 billion Swedish krona (7.65 billion dollars) or 265 Swedish krona (27.6 dollars) per share, down 1 percent in Q3 and up 31 percent in 2019, which the company said was largely unchanged including dividends paid over the quarter, with positive share price development in Zalando and Livongo offset...

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Kinnevik names Anna Stenberg as Chief People and Platform Officer

Kinnevik AB has appointed Anna Stenberg as Chief People and Platform Officer (CPO), a new role in the Kinnevik management team. The company said in a statement that Stenberg is the founding partner of Women Executive Search and started her career in the Kinnevik group holding several management positions at Modern Times Group. Commenting on...

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Kinnevik's Q3 NAV improves by 3 percent

During the third quarter, Kinnevik’s net asset value of 92 billion Swedish krona (9.5 billion dollars) or 334 Swedish krona (34.7 dollars) per share, increased by 3 billion Swedish krona or 3 percent, which the company said, was primarily driven by positive share price development in Zalando and Tele2, and partially offset by weaker share price...

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Kinnevik names Erika Johnson as CFO

Kinnevik AB has appointed Erika Söderberg Johnson as the company’s new Chief Financial Officer. The company said in a statement that Johnson joins Kinnevik from Biotage where she has been CFO since 2012 and at Kinnevik, she will take up her position at the latest on 6 April 2020. Commenting on Johnson’s appointment to CFO, Georgi Ganev, CEO of...