Q3 2019 Kinnevik AB Earnings Call Transcript
Hello and welcome to the Kinnevik Q3 report 2019. (Operator Instructions) Today, I'm pleased to present the speakers of the conference. Please go ahead with your meeting.
Good morning, everyone, and welcome to the presentation of Kinnevik's results for the third 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 Litzén. 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.
Now please turn to Page 3, where we have provided you with a summary of the key highlights for the quarter. As previously announced, we have taken 3 clear steps to pivot our portfolio towards growth: the sell-down in Zalando, the distributions of Millicom and a revised shareholder remuneration policy. I will go into more depth on each of these later on.
During the quarter, we invested a total of SEK 1.8 billion into building our
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