"With a portfolio of leading companies, strong financials, and a dedicated, hard-working team, I am convinced that Investor is in a great position to continue its prosperous voyage."
Christian Cederholm
President & CEO of Investor
Highlights during the fourth quarter
Adjusted net asset value (NAV) amounted to SEK 969.8bn (SEK 317 per share) on December 31, 2024, a change of SEK -16.5bn, or -2 percent, with dividend added back, during the quarter. Total shareholder return amounted to -6 percent, compared to -6 percent for the SIXRX return index. For 2024, adjusted net asset value growth amounted to 20 percent and total shareholder return to 27 percent, compared to 9 percent for the SIXRX.
Listed Companies generated a total return of -4 percent. For 2024, the total return amounted to 18 percent.
Based on estimated market values, the total return for Patricia Industries, including cash, amounted to 6 percent
(7 percent excluding cash), primarily driven by positive currency impact and earnings growth, partly offset by lower multiples. For 2024, the total return amounted to 30 percent (32 percent excluding cash).Within Patricia Industries, sales growth for the major subsidiaries amounted to 5 percent, of which 3 percent organically in constant currency. Reported EBITA grew 12 percent and adjusted EBITA 11 percent.
Mölnlycke reported organic sales growth of 8 percent in constant currency, with the largest business area Wound Care growing 10 percent. The profit margin increased. Mölnlycke distributed EUR 300m to Patricia Industries.
The value change of Investments in EQT was -5 percent. Net cash flow to Investor amounted to SEK 910m. For 2024, the value change amounted to 8 percent and the net cash flow to Investor was SEK 252m.
Leverage was 1.2 percent as of December 31, 2024 (1.7 percent as of December 31, 2023). Gross cash amounted to SEK 27,947m and the average maturity of Investor AB's debt portfolio was 9.8 years.
The Board of Directors proposes a dividend per share of SEK 5.20 (4.80) to be paid in two installments, SEK 3.75 in May, 2025, and SEK 1.45 in November, 2025.
This information is information that Investor AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:15 CET on January 23, 2025.
For further information:
Jacob Lund, Chief Communications & Sustainability Officer,
Phone +46 725 60 21 57
jacob.lund@investorab.com
Magnus Dalhammar, Head of Investor Relations,
Phone +46 73 524 2130
magnus.dalhammar@investorab.com
Our press releases can be accessed at www.investorab.com
Investor AB, founded by the Wallenberg family in 1916, creates value for people and society by building strong and sustainable companies. Through substantial ownership and board participation, we drive initiatives that we believe create value and support our companies to remain or become best-in-class. Our portfolio is organized in three business areas: Listed Companies, Patricia Industries and Investments in EQT.
