Kinnevik AB (OSTO:KINV A)
kr 97.4 -1.1 (-1.12%) Market Cap: 26.78 Bil Enterprise Value: 25.95 Bil PE Ratio: 0 PB Ratio: 0.57 GF Score: 42/100

Q4 2019 Kinnevik AB Earnings Call Transcript

Feb 06, 2020 / 09:00AM GMT
Release Date Price: kr234 (-3.31%)
Georgi Ganev
Kinnevik AB - CEO

Good morning, everyone, and welcome to the presentation of Kinnevik's Result for the Fourth Quarter and Full Year 2019. I'm Georgi Ganev, Kinnevik's CEO. And with me today is our Director of Corporate Communications, Torun Litzén; and our Head of Strategy, Samuel Sjöström.

We will start this morning by taking you through a presentation of the results; then after that, we are 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.

If we first look at the quarterly performance, our net asset value amounted to SEK 73.3 billion and was largely unchanged compared to the previous quarter, adjusting for the distribution of Millicom. This was a result of strong share price development in Zalando and Livongo, which was offset by weak performance in Tele2. And during the quarter, we made a revision of our valuation of Quikr as a result of fraudulent behavior in the company, and we will get back to this later in the presentation.

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