"Entering 2022, there is no lack of challenges and uncertainty. That said, regardless of how the global economy and equity markets develop, Investor stands strong. In our portfolio we have great companies with leading positions in attractive markets, led by top-quality people. We also have a strong financial position, enabling us to act on attractive opportunities that arise."
Highlights during the fourth quarter
- Adjusted net asset value (NAV) amounted to
SEK 760,962m (SEK 248 per share) onDecember 31, 2021 , an increase ofSEK 78,564m , or 12 percent, with dividend added back, during the quarter. Total shareholder return amounted to 21 percent, compared to 12 percent for the SIXRX return index. For 2021, adjusted NAV growth, with dividend added back, amounted to 41 percent and total shareholder return to 55 percent, compared to 39 percent for SIXRX. -
Listed Companies generated a total return of 11 percent. The bid for Sobi, which Investor supported, was withdrawn.
SEK 1bn was invested inEricsson . -
Based on estimated market values, the total return for
Patricia Industries , excluding cash, amounted to -1 percent (-1 percent including cash). -
Within
Patricia Industries , organic sales growth for the major subsidiaries amounted to -10 percent in constant currency. Adjusted EBITA declined by 23 percent. Excluding Mölnlycke, combined organic sales growth for the major subsidiaries amounted to 8 percent in constant currency and adjusted EBITA grew by 24 percent. - Mölnlycke reported organic sales growth of -26 percent in constant currency. Year-over-year growth was significantly distorted by the strong contribution from covid-19-related contract sales of Personal Protective Equipment during the fourth quarter 2020, while the contribution this quarter was zero. Gloves sales were negatively impacted by a temporary, covid-19-related, production halt. Wound Care grew 8 percent organically in constant currency, with strong profitability.
-
The value of Investments in EQT increased by 30 percent. Net cash flow to Investor amounted to
SEK 1.8bn . -
Leverage was 1.9 percent as of
December 31, 2021 (3.5 as ofDecember 31, 2020 ). Gross cash amounted toSEK 23,955m and the average maturity ofInvestor AB's debt portfolio was 10.8 years onDecember 31, 2021 . -
The Board of Directors proposes a dividend per share of
SEK 4.00 (3.50) to be paid in two installments,SEK 3.00 in May, 2022 andSEK 1.00 in November, 2022.
This disclosure contains information that Investor is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on
For further information:
Phone +46 70 550 3500
viveka.hirdman-ryrberg@investorab.com
Magnus Dalhammar, Head of Investor Relations,
Phone +46 73 524 2130
magnus.dalhammar@investorab.com
This information is information that
Our press releases can be accessed at www.investorab.com
Investor, founded by the Wallenberg family in 1916, is an engaged owner of high quality global companies. We have a long-term investment perspective. Through board participation, as well as industrial experience, our network and financial strength, we work continuously to support our companies to remain or become best-in-class. Our holdings include, among others, ABB,
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