Half Year 2025 Investor AB Earnings Call Transcript

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Jul 17, 2025

Jul 17, 2025 / 08:00AM GMT
Jacob Lund - Investor AB - Chief - Communications and Sustainability, Member of the Management Group

Good morning, and warm welcome to Investor's results call for the second quarter and the first half of 2025. I'm joined here in the studio by our CFO, Jenny Ashman Haquinius; and our CEO, Christian Cederholm, both will soon give their presentations.

Today, we are also fortunate to have the CEO of Mölnlycke Zlatko Rihter with us, and he will provide some more in-depth comments on that company. Following presentation, we will be opening up for questions both via our operator and online.

And with that, over to you, Christian.

Christian Cederholm - Investor AB - President, Chief Executive Officer

Thank you, Jacob, and hello, everyone. So Q2 results were healthy in a turbulent environment. Our adjusted net asset value grew 3%, in line with the [SIXRX] Return Index. Our TSR, however, was minus 5%, reflecting a wider discount. In times like this, we stay close to and support our companies as many are focusing a lot on cost efficiency and agility. We

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