NAXS Interim Report January-September 2019

Nine months 2019

• Net profit/loss for the period amounted to MSEK 26.4 (22.2).

• Earnings per share amounted to SEK 2.29 (1.70).

• Net asset value amounted to MSEK 717 (SEK 64.16 per share) at September 30, 2019,
  compared to MSEK 736 (SEK 61.81 per share) at year-end 2018. The fact that the total
  net asset value decreased, while the net asset value per share increased is due to the
  shares repurchases made during the period.

• Net cash amounted to MSEK 194 (SEK 17.40 per share) at September 30, 2019,
  compared to MSEK 261 (SEK 21.94 per share) at year-end 2018.

• The 2019 Annual General Meeting resolved that a dividend of 2.78 SEK per share to the
  shareholders for FY 2018.

  Third quarter 2019
  • Net profit/loss for the quarter amounted to MSEK 11.7 (10.6).

  • Earnings per share amounted to SEK 1.05 (0.86).

  Comments by the CEO

  NAXS delivered a steady performance during the third quarter of 2019,
  with the NAV/share growing by 3% during the quarter and by 7.4%
  over 12 months, including the dividend paid.

  NAXS has a robust balance sheet and the Company continues to asses
  potential investment opportunities.

  Lennart Svantesson