Jan 22, 2025 / 02:00PM GMT
David Francis Nangle - Vef AB(publ)-Chief Executive Officer - Board Member
(audio in progress) Welcome all once again to our results -- quarterly results conference call this time for the fourth quarter of '24.
And going straight into the deck, it was a more eventful quarter than usual. And the highlights of key events in the quarter, first and foremost, it was around our NAV and our Q4 NAV. Weakness was driven by mainly Brazil macro and markets aspect feeding into our evaluation process. And we'll get into that in a bit deeper detail [at the end] of the presentation. But we ended the quarter in the year at a NAV of $353 million, down 26% quarter on quarter in dollar terms, and down nearly 20% quarter on quarter in SEK.
From a portfolio point of view, looking at the underlying companies and once again, still delivering the [core message] is the same as last quarter, majority break-even, which is where we want them to be. And growth is back in focus and we saw those trends coming through in our key names in the portfolio through 2024. And that
Q4 2024 Vef AB (publ) Earnings Call Transcript
Jan 22, 2025
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