Strong start amongst the portfolio companies and continued growth
The Group’s result amounted to MSEK 1.1 (3.2) corresponding to 0.03 (0.09) per share. Equity, as at March 31, 2012 amounted to MSEK 313.0 (336.6) corresponding to SEK 8.61 (9.05) per share. The Group’s cash and holdings in listed shares amounted to MSEK 20.4 (38.5).
The business situation for the portfolio companies is strong and prospects for improved growth and increased profitability during 2012 are deemed as good. Currently, there is no need for additional funding in any of the portfolio companies.
Providing the positive development continues the possibility for growth in value during 2012 is deemed as very good.
The Extraordinary General Meeting held on February 8, 2012 resolved to authorize the Board of Directors to purchase the company’s own shares. The Board resolved that the company shall commence purchase of own shares and a total of 809 576 shares have been purchased.
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 6.5 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 increasing profitability across the portfolio” 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 April 26, 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