Financial position
- Net Asset Value (NAV) amounted to 320,989 KSEK, corresponding to
10.01 SEK per share, which represents a decrease of -7.4% per share for the quarter. - Net cash amounted to 74,730 KSEK, equivalent to 23% of NAV as of
31 March 2023 .
The period January-March
- Change in value of financial assets amounted to -25,066 KSEK (-25,620). The change in value includes an adjustment of the value of Instabee by -25,249 KSEK.
- Operating expenses for the period amounted to 1,624 KSEK (1,054).
- Operating profit amounted to -26,690 KSEK (-26,674). The operating profit includes unrealized changes in value of -17,839 KSEK (-25,620).
- Profit after tax amounted to -25,785 KSEK (-21,396).
- Earnings per share amounted to
-0.80 SEK (-0.76).
Investments and divestments during the reporting period
- During the period, the company made a new investment in the AI company DeepL, which offers automatic language translations through its platform. The investment amounted to 5,412 KSEK.
- During the period, the company also divested all of its shares in Global-e. The shares were received in connection with Global-e's acquisition of Flat’s former portfolio holding Flow. The divestment has positively affected the result in Q1 by 1,156 KSEK.
- Additionally, the company has made an additional investment of 66 KSEK in the existing portfolio company Quartr.
Other significant events during the period
- No other significant events have occurred during the period.
Other events after the end of the period
- No significant events have occurred after the end of the period.
This text has been translated using DeepL.
Link to the report on the website:
https://www.flatcapital.com/en/investor-relations/
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Note: This is a non-official translation of the Swedish original text. In case of any discrepancies between the Swedish text and the English translation, the Swedish text shall prevail.
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