Kinnevik AB (OSTO:KINV A)
kr 97.2 -0.2 (-0.21%) Market Cap: 26.78 Bil Enterprise Value: 25.94 Bil PE Ratio: 0 PB Ratio: 0.57 GF Score: 42/100
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Q3 2020 Kinnevik AB Earnings Call Transcript

Oct 15, 2020 / 08:00AM GMT
Release Date Price: kr362 (-0.55%)
Georgi Ganev
Kinnevik AB - CEO

Good morning, everyone, and welcome to the presentation of Kinnevik's results for the third quarter of 2020. I'm Georgi Ganev, Kinnevik's CEO; and with me today is our CFO, Erika Söderberg Johnson; and our Director of Corporate Communications, Torun Litzén; and our Head of Strategy, Samuel Sjostrom.

Before we head into some of the strategic highlights in the quarter, I would like to say that it's evident to all that the coronavirus continues to have a devastating effect on people and economies globally, but at the same time a change in fundamental consumer behaviors and accelerating the shift to digital. We are optimistic that the elevated demand for online is likely to remain even as the effects of the pandemic eventually subsides. The trends we saw in the second quarter have strengthened during the third quarter, demand for digital health care, e-commerce and online food remains elevated, well above that of previous years. On the other end of the spectrum, the travel sector continues to be weighed down by restrictions and remains uncertain when we can expect to

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