During the fourth quarter of 2003, AB Novestra initiated a new investment strategy which involves an exposure toward the public stock market. By means of two new share issues, in October 2003 (approximately MSEK 48.5) and in June 2004 (approximately MSEK 80.5), the company was provided with, in total, approximately MSEK 129 for such investments.
Since the fourth quarter 2003 when the new strategy was initiated, the return on the public portfolio at year-end 2004 amounted to 40.0 percent calculated on the average capital invested. For the financial year 2004, the return on the public portfolio amounted to 26.6 percent calculated on the average capital invested.
“We are pleased with the performance and the positive return on the capital that has been allocated for investments in public companies. We had hoped that this part of our business would cover all of Novestra’s management and administrative costs and yield a reasonable return, and we have managed to do so. During 2005, we believe that the prospects for continuous positive returns in the public portfolio are good,” Novestra’s Chairman, Theodor Dalenson, says.
For further information, please contact Theodor Dalenson, Chairman, AB Novestra, phone No. +46 8 545 017 50.
About AB Novestra
Novestra is an independent investment company with a portfolio of small cap private as well as public companies. Novestra focuses on investing in companies with substantial growth or value potential.
Novestra’s portfolio of companies consists of i.a. Bytek Systems AB, Explorica, Inc., IBS AB (publ), inWarehouse AB (publ), Lagercrantz Group AB (publ), MyPublisher, Inc., Netsurvey AB, Pergo AB (publ), Qbranch AB and Strax Holdings, Inc. as well as the co-investment vehicle Continuum Group Ltd. The Novestra shares are listed on the O List of Stockholmsbörsen (the Stockholm Stock Exchange).
For further information regarding AB Novestra, please see www.novestra.com .