NAXS AB: NAXS 3-month financial report January - March 2024
- Net profit amounted to MSEK 1.1 (3.9).
- Earnings per share amounted to SEK 0.10 (0.36).
- Net asset value amounted to MSEK 923 (SEK 83.33 per share) at March 31, 2024, compared to MSEK 922 (SEK 83.24 per share) at December 31, 2023.
- Net cash amounted to MSEK 235 (SEK 21.25 per share) at March 31, 2024, compared to MSEK 209 (SEK 18.89 per share) at December 31, 2023.
- The 2024 Annual General Meeting resolved to pay a dividend of 4.25 SEK per share for FY 2023 and voted for a continued share repurchase mandate.
Comments by the CEO
NAXS experience a flat NAV development during the first quarter with the NAV/share increasing by 0.1%. Over 12 months, the NAV/share has increased by 0,1%, including the FY 2022 dividend paid in April 2023.
Rising stock indices and the prospect of interest rate cuts have provided a supportive macroeconomic background during the first quarter, although this has yet to translate into a material increase in private equity activity.
During the quarter, NAXS's underlying funds signed 1 new acquisition and 1 exit, while the co-investment in Reledo continued to grow through add-on acquisitions.
After the end of the quarter, the Company's 2024 AGM approved on April 4 the payment of the dividend of SEK 4.25/share for FY 2023.
Gösta Lundgren
Contact
Gösta Lundgren, Interim CEO
+46 70 710 47 88
gosta.lundgren@naxs.se
This information is information that NAXS AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 19.30 CET on April 25, 2024
This report is an in-house translation of the original report in Swedish.
This press release and further information is available on the Company's website: www.naxs.se
NAXS AB (publ)
Corp. Reg. No. 556712-2972
Nybrogatan 8
114 34 Stockholm, Sweden
Tel: +46 766 40 00 40, E-mail: info@naxs.se
NAXS is listed on NASDAQ Stockholm. NAXS primarily invests in private equity funds with a Nordic focus, but may also make direct investments or co-investments alongside private equity or other alternative assets funds. In addition, NAXS may, to a limited extent, make other types of investments.