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Investor AB annual net asset value tops SEK 800bn with strong returns

EditorNatashya Angelica
Published 19/01/2024, 08:10
Updated 19/01/2024, 08:10
© Reuters.

STOCKHOLM - Investor AB, the prominent Swedish investment company, has reported a substantial increase in its adjusted net asset value (NAV), surpassing SEK 800 billion by the end of the last year. Despite a slight underperformance in the fourth quarter compared to the SIXRX index, the company's annual returns were robust, with the NAV per share climbing from SEK 197 to SEK 234, and further adjusted to SEK 267.

The company's net profits reflected this growth, reaching SEK 59.94 billion for the year. Contributing to Investor AB's success, Patricia Industries, a division within the company, closed the year with strong returns. Notably, Mölnlycke, a healthcare product subsidiary of Patricia Industries, played a significant role in this achievement through its organic sales growth and improved profit margins.

In light of these positive financial results, Investor AB has announced its intention to propose an increased dividend payout to its shareholders. The proposed dividend is set at SEK 4.80 per share for the fiscal year, which would be distributed in two separate installments later in the year.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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