Interim Report January-June 2017
First half-year 2017
Net profit/loss for the first half-year amounted to MSEK 59,8 (45,2).
Earnings per share amounted to SEK 4.14 (3.04).
Net asset value amounted to MSEK 866 (SEK 61.55 per share) at June 30, 2017,
compared to MSEK 842 (SEK 56.69 per share) at year-end 2016.
Net cash amounted to MSEK 459 (SEK 32.61 per share) at June 30, 2017, compared to
MSEK 384 (SEK 25.85 per share) at year-end 2016.
Second quarter 2017
• Net profit/loss for the quarter amounted to MSEK 49,2 (20,0).
• Earnings per share amounted to SEK 3.41 (1.35).
Comments by the CEO
NAXS delivered a robust performance during the first half-year of 2017,
with the NAV/share growing by 8.6%.
Public markets continued to offer an attractive exit route for our
managers during the second quarter, with 4 new listings and several
share sell-downs for previously listed portfolio companies.
During the quarter, NAXS divested its entire stake in MIPS, which it had
acquired in the initial public offering the company on Nasdaq Stockholm
in March. This investment, which was one of the first made in accordance
with NAXS’ revised investment policy, generated a multiple on invested capital of 1.3x in
under two months.