NAXS AB (publ) Half-year financial report January – June 2024
First half-year 2024
- Net profit amounted to MSEK -30.9 (7.2).
- Earnings per share amounted to SEK -2.79 (0.65).
- Net asset value amounted to MSEK 844 (SEK 76.20 per share) at June 30, 2024, compared to MSEK 922 (SEK 83.24 per share) at December 31, 2023.
- Net cash amounted to MSEK 187 (SEK 16.88 per share) at June 30, 2024, compared to MSEK 209 (SEK 18.89 per share) at December 31, 2023.
Second quarter 2024
- Net profit amounted to MSEK -31.9 (3.3).
- Earnings per share amounted to SEK -2.88 (0.30).
- 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
The NAV/share contracted by 8.6% during the second quarter. Including the FY 2023 dividend paid in April, the NAV/share decreased by 3.5% during the second quarter and by 3.6% over 12 months.
Private equity activity has remained at lower-than-average levels since the start of the year. Nevertheless, there have been some green shoots in the exit market, which was reflected in NAXS’s portfolio with 2 divestments signed during the quarter.
Gösta Lundgren