Apr 21, 2022 / 08:00AM GMT
Georgi Ganev - Kinnevik AB - CEO
Good morning, everyone, and welcome to the presentation of Kinnevik's results for the first quarter 2020. I'm Georgi Ganev, Kinnevik's CEO. And with me today is our CFO, Erika Söderberg Johnson; our Chief Strategy Officer, Samuel Sjostrom; and our Director of Corporate Communications, Torun Litzen.
Now let's move to Page 2. Before we get into the highlights of the quarter, I would like to say a few words about the situation we are in. The first quarter of 2022 was turbulent in many ways. Russia's invasion of Ukraine is causing massive human suffering and will have long-lasting effects on human lives and global relations. Kinnevik strongly condemns the war. And although we have limited exposure to the directly affected areas, we are, of course, doing what we can to ensure the safety of our company's employees in the region.
In the financial markets, the start of 2022 has seen rising interest rates and soaring inflation, which is putting pressure on valuations of growth and tech companies. This is having a negative effect on Kinnevik's portfolio and
Q1 2022 Kinnevik AB Earnings Call Transcript
Apr 21, 2022
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