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Q1 2019 Kinnevik AB Earnings Call Transcript
Good morning, everyone, and welcome to the presentation of Kinnevik's results for the first quarter of 2019. I'm Georgi Ganev, Kinnevik's CEO. And with me today is our CFO Joakim Andersson and our Director of Corporate Communications Torun Litzen.
We will start by taking you through a presentation of the results released this morning. And after that, we're happy to answer any questions you may have.
Please now turn to Page 4, where we have provided you with a summary of the key highlights for the quarter. In the first quarter, we saw solid operational performance in our companies and a strong recovery in Kinnevik's net asset value.
Zalando announced an ambitious plan to become the starting point for fashion in Europe. And Millicom made one of the largest acquisitions in the company's history in Central America. In addition to the investment in MatHem that we made in February, we made follow-on investments in Kolonial and Budbee, both in the Nordics. This is in line with our strategy to double down in our private companies where we see strong
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