Investor AB
(OTCPK:IVSBF)
$
27.276
-1.174 (-4.13%)
Market Cap: 86.62 Bil
Enterprise Value: 92.45 Bil
PE Ratio: 4.51
PB Ratio: 1.09
GF Score: 63/100 
Half Year 2024 Investor AB Earnings Call Transcript
Jul 17, 2024 / 08:00AM GMT
Release Date Price:
$27.85
(+1.72%)
Key Points
Positve
- Investor AB (IVSBF) reported a strong Q2 performance with an 8% growth in adjusted net asset value and a 9% total return.
- Listed companies in the portfolio had a total return of 11%, driven by strong Q1 results from major holdings like Ericsson.
- Patricia Industries, representing 20% of the portfolio, saw a 2% total return, with major subsidiaries growing organically by 7% and adjusted earnings by 10%.
- Significant investments were made in Q2, totaling almost SEK10 billion across all three business areas.
- Molnlycke achieved 8% organic growth, with all business areas and regions contributing positively.
Negative
- Investments in EQT, which make up about 10% of the portfolio, saw a negative 4% return due to EQT AB's share price performance.
- Piab faced headwinds in demand, particularly within vacuum conveying, impacting margins due to costs for strategic projects and continued investments.
- Atlas Antibodies' sales remained low and stable, impacted by biopharma end market demand, with management focusing on cost control to protect profit.
- Logistics costs increased towards the end of the quarter, impacting margins in several companies.
- The company faces challenges in the Chinese market, particularly in the Wound Care segment, due to a slower market environment.
Jacob Lund
Investor AB - Head of Corporate Communication & Sustainability, Member of the Management Group
Good morning, and warm welcome, to the presentation of Investor's interim report for the second quarter and the first half of 2024. I'm joined here today by our CFO, Helena Saxon; and for the first time by CEO, Christian Cederholm. Overall, welcome to the both of you.
Helena Saxon
Investor AB - Chief Financial Officer, Member of the Management Group
Thank you.
Jacob Lund
Investor AB - Head of Corporate Communication & Sustainability, Member of the Management Group
We'll hear the presentations from them in a minute. (Event Instructions) With that, over to you, Christian.
Christian Cederholm
Investor AB - President, Chief Executive Officer
Thank you, Jacob, and welcome, everyone. Good morning. So overall performance in Q2 was strong. Our adjusted net asset value grew by 8% and our total return was 9% compared to 2% for SIXRX. Listed companies had a total
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