CONTINUED GROWTH AND IMPROVED PROFITABILITY
The Group’s net income amounted to MSEK 32.0 (44.6 Pro forma 2005), corresponding to SEK 0.86 (1.20) per share. Equity rose to MSEK 824.5 (653.3), amounting to SEK 22.17 (17.57) per share. Cash and cash equivalents, including holdings in Nove Capital Fund, amounted to MSEK 325.3 (233.1).
The four largest private holdings showed continued growth in revenues of between 22 % and 75 %.
The value of Novestra’s investment in Nove Capital Fund since inception in May 2005, has increased by MSEK 118.4, equivalent to a 63 % return.
The Board of Directors proposes to the Annual General Meeting, a dividend of SEK 2.00 (SEK 1.00) per share for the financial year 2005.
“Our private portfolio companies have continued to perform well. The growth is expected to continue in 2006 and we expect improved profitability among our private portfolio companies. With the current market conditions, the prospects for continued appreciation in value is good. We continue to remain optimistic about the possibilities to exit most of our holdings by the end of next year”, says Novestra’s Managing Director Peter Ekelund.
För ytterligare information kontakta:
Peter Ekelund, VD, AB Novestra, Tel. 08-545 017 50
About AB Novestra
Novestra is an independent investment company with a portfolio of investments in a number of privately held growth companies including Bytek Systems AB, Explorica, Inc., MyPublisher, Inc., Netsurvey AB, Qbranch AB and Strax Holdings, Inc.
In addition, Novestra has an investment in Nove Capital Fund, that primarily invests in public companies which are considered to have a value potential because of special situations such as reconstructions, turnarounds or for other reasons offer a significant upside potential and therefore an interesting risk/reward.
The Novestra shares are listed on the O List, Attract 40, of the Stockholm Stock Exchange.
For further information regarding AB Novestra, reference is made to www.novestra.se
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