Interim Management Statement January-September 2016

Highlights during the third quarter

  · Net asset value*1) amounted to SEK 290,683 m. (SEK 380 per share) on
September 30, 2016, an increase of SEK 31,600 m. (SEK 41 per share) during the
quarter, corresponding to a change of 12 percent. Over the past 20 years, annual
average net asset value growth, with dividend added back, has been 10 percent.
  · Listed Core Investments generated a total return* of 14 percent. Additional
shares in Wärtsilä were purchased for SEK 106 m., increasing our ownership to
17.7 percent.
  · The value of Investor’s investments in EQT was unchanged in constant
currency. Net cash flow from EQT amounted to SEK 199 m.
  · Patricia Industries completed the acquisition of medical technology company
LABORIE. Including a capital contribution and transaction costs, Patricia
Industries invested USD 650 m. for 97 percent ownership. All subsidiaries grew
organically, but overall somewhat slower than during the first half of the year.
Cash flow generation was strong.

Financial information, year to date 2016

  · Listed Core Investments contributed SEK 23,595 m. to the growth of net asset
value (-2,630).
  · EQT contributed SEK 1,392 m. to the growth of net asset value (2,787).
  · Patricia Industries contributed SEK 2,838 m. to the growth of net asset
value (3,411).
  · Leverage* (net debt/total assets) was 6.7 percent as of September 30, 2016
(5.5).
  · Consolidated net sales for the period was SEK 22,995 m. (18,119).
  · Consolidated profit/loss for the period, which includes unrealized change in
value, was SEK 24,485 m. (SEK 32.08 basic earnings per share), compared to SEK
2,718 m. (SEK 3.57 basic earnings per share) for the same period 2015.
For further information:

Stefan Stern, Head of Corporate Relations, Sustainability and Communications,
Phone 46 8 614 2058, 46 70 636 7417
Magnus Dalhammar, Head of Investor Relations, Phone 46 8 614 2130, 46 73 524
2130
This information is information that Investor AB is obliged to make public
pursuant to the EU Market Abuse Regulation. The information was submitted for
publication, through the agency of the contact person set out above, at 08:15
CET on October 19, 2016.

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