Stockholm, October 22, 2014
PRESS RELEASE
NAXS Nordic Access Buyout Fund AB (publ)
Interim Report January – September 2014
Nine month 2014
- Net profit for the period amounted to MSEK 104.4 (29.7).
- Earnings per share amounted to SEK 7.02 (1.99).
- Net asset value amounted to MSEK 726 (SEK 48.85 per share) at September 30, 2014, compared to MSEK 654 (SEK 43.92 per share) at year-end 2013.
- Net cash amounted to MSEK 126 (SEK 8.45 per share) at September 30, 2014, compared to MSEK 131 (SEK 8.80 per share) at year-end 2013.
- NAXS paid a dividend of SEK 2.00 per share for the fiscal year 2013.
Third quarter 2014
- Net profit/loss for the quarter amounted to MSEK 59.7 (9.4).
- Earnings per share amounted to SEK 4.02 (0.63).
Comments by the CEO
The third quarter of 2014 allowed NAXS to showcase the increased maturity of its portfolio, with a substantial net asset value growth and a couple of successful liquidity events.
At the time of the writing of this report, we can only reiterate our previously expressed positive views regarding the Company’s future developments.
Lennart Svantesson
Financial summary
|
2014 1/1–9/30 |
2013 1/1–9/30 |
2014 7/1–9/30 |
2013 7/1–9/30 |
|
| Net profit/loss for the period, KSEK | 104 368 | 29 710 | 59 712 | 9 430 |
|
2014 9/30 |
2013 12/31 |
|
| Private equity fund investments, KSEK | 600 491 | 522 428 |
| Private equity fund investments in % of equity | 83 | 80 |
| Remaining commitments, KSEK | 140 002 | 163 776 |
| Total exposure to private equity fund investments, KSEK | 740 493 | 686 204 |
| Net cash, KSEK | 125 662 | 131 008 |
| Private equity fund investments per share, SEK | 40.38 | 35.09 |
| Net cash per share, SEK | 8.45 | 8.80 |
| Net asset value per share, SEK | 48.85 | 43.92 |
| Share price, SEK | 45.00 | 38.80 |
NAXS Nordic Access Buyout Fund AB discloses the information provided herein pursuant to the Swedish Securities Markets Act.
The report was submitted for publication at 8.30 CET on October 22, 2014.
Contact information
Lennart Svantesson, CEO
Telephone: +46 73 311 00 11
Please see the attached file for the full report.
This press release and further information is available on the Company’s website: www.naxs.se
NAXS Nordic Access Buyout Fund AB (publ)
Corp. Reg. No. 556712-2972
Grev Turegatan 10
114 46 Stockholm, Sweden
Tel: +46 8 611 33 25, E-mail: info@naxs.se
