Continued promising development in the portfolio companies and focus on exit strategies
The Group’s result amounted to MSEK1.2(-7.5) corresponding to 0.03(-0.20) per share. Equity, as atJune30, 2012 amounted to MSEK 310.2(325.9) corresponding to SEK 8.6 (8.8) per share.The Group’s cash and holdings in listed shares amounted to MSEK22.1(35.4).
Novestra’s largest holdings, MyPublisher and Strax are developing better than budget and are expected to achieve growth of approximately 15 percent for 2012 with considerably improved results.
The positive development and the strong balance sheets in the portfolio companies will allow for dividends from the companies, only Diino has a potential marginal capital need.
Providing the positive development continues the possibility for growth in value during 2012 is deemed as very good and the focus on exit strategies for the portfolio companies continues.
The AnnualGeneral Meeting held on April26, 2012 renewed the Boards mandateto purchase the company’s own shares. The Board resolved to commence the purchase of own shares and a total of 1 177 882 shares have been purchased since February 2012.
The total return on the Novestra share since 2002 including dividends amounts to 216.7 percent, corresponding to an annual return of 12.2 percent. The total return index for the Stockholm stock exchange during the same period gave a return of 6.2 percent per year.
Comments from the Managing Director
“The process to divest holdings continues and with the current development in the portfolio companies and the stock market the opportunities to increase values during the holding period as well as the divestment period are very promising”. We continue to see good growth and increased profitability” says Johan Heijbel, Managing Director, Novestra.
For further information, please contact Johan Heijbel, Managing Director AB Novestra, +46 (0) 8 545 017 50
The information provided in this report is such that AB Novestra is obliged to make public according to the Securities Market Act (sv. lagenomvärdepappersmarknaden). The information has been released to the media for publication on August 28, 2012 at 8.55 am (CET).
About AB Novestra
Novestra is an independent investment company with a portfolio of investments in a number of privately held growth
companies including Diino Systems AB, Explorica, Inc., MyPublisher, Inc., and Strax Group GmbH. In addition, Novestra
has an investment corresponding to approximately 6 percent of the shares in WeSC AB, listed on First North.
The Novestra shares are listed on NASDAQ OMX Stockholm, under the symbol NOVE, in the Small Cap section. For further information regarding AB Novestra, reference is made to www.novestra.com
Download interim report