NAXS Interim financial report January-September 2021

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This announcement is not an offer of securities for sale in the United States or in any other country, and the securities may not be offered or sold in the United States without registration or an exemption from registration. under the US Securities Act of 1933, as amended, and the rules and regulations made thereunder. It does not constitute or form part of or may not be used for the purposes of an offer or an invitation to sell or issue, or a solicitation of an offer to buy or subscribe for securities by any person in a jurisdiction, nor is it or the fact of its distribution to form the basis of, or be relied on in connection with, or act as an inducement to enter into, a contract or an undertaking to do so, in which (i) any such offer or invitation is not permitted; or (ii) in which the person making such offer or invitation is not qualified to do so; or (iii) to any person to whom it is illegal to make such an offer or invitation.

Nine months 2021

  • The net profit for the nine-month period amounted to 107.7 MSEK (-6.0).
  • Earnings per share amounted to SEK 9.66 (-0.54).
  • The net asset value was MSEK 764 (SEK 68.49 per share) as of September 30, 2021, compared to MSEK 679 (SEK 60.87 per share) as of December 31, 2020.
  • Net cash amounted to MSEK 265 (SEK 23.74 per share) as of September 30, 2021, compared to MSEK 219 (SEK 19.65 per share) as of December 31, 2020.
  • The 2021 Annual General Meeting decided to pay a dividend of SEK 3.00 per share for the financial year 2020.

Third quarter 2021

  • The net result for the quarter amounted to 26.6 MSEK (55.0).
  • Earnings per share amounted to SEK 2.39 (4.93).

CEO comments

NAXS continued its positive development during the third quarter of 2021 with an increase in NAV / share of 4.1%, and 18% over 12 months, dividend paid included.
During the third quarter, the underlying funds acquired 5 new holding companies and liquidated 3 companies.

Lennart Svantesson

Financial summary

2021
1 / 1-30 / 9
2020
1 / 1-30 / 9
Net income for the period, KSEK 107,697 -5,991
2021
30/9
2020
12/31
Investments in private equity funds, KSEK 458 679 428 651
Investments of private equity funds as% of equity 60 63
Remaining commitments, KSEK 111 208 128 762
Total exposure to private equity fund investments, KSEK 569 887 557,413
Other investments, KSEK 41 377 31,695
Net cash position, KSEK 264,719 219,127
Private Equity Fund Investments Per Share, SEK 41.13 38.44
Other investments per share, SEK 3.71 2.84
Net cash per share, SEK 23.74 19.65
Net asset value per share, SEK 68.49 60.87
Share price, SEK 56.80 49.90

Contact information

Lennart Svantesson, CEO

Telephone: +46 73 311 00 11

Gösta Lundgren, Chief Financial Officer

Telephone: +46 70 710 47 88

This information is information that NAXS AB (publ) is obliged to make public in accordance with the EU Market Abuse Regulation. The information has been submitted for publication, through the contact persons indicated above, at 11:45 p.m. CET on October 21, 2021.

This press release and other information are available on the Company’s website: www.naxs.se

NAXS AB (released)
Reg. 556712-2972
Nybrogatan 8
114 34 Stockholm, Sweden
Tel: +46 (0) 766 40 00 40, E-mail: [email protected]

NAXS is a company listed on NASDAQ Stockholm and investing primarily in Nordic-oriented private equity funds. NAXS may also make direct investments or co-investments alongside private equity funds or other alternative asset funds. In addition, NAXS may, to a limited extent, make other types of investments.


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