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NAXS AB: Interim Report January-June 2016

Half Year financial report

Interim Report January-June 2016

Stockholm, July 19, 2016


This announcement is not an offer of securities for sale in the United States
nor in any other country, and securities may not be offered or sold in the
United States absent registration or an exemption from registration under U.S.
Securities Act of 1933, as amended, and the rules and regulations thereunder.
Nor does it constitute or form part of, and may not be used for the purposes
of, any offer or invitation to sell or issue, or any solicitation of any offer
to purchase or subscribe for, any securities by any person in any jurisdiction,
nor shall it or the fact of its distribution form the basis of, or be relied
upon in connection with, or act as any inducement to enter into, any contract
or commitment to do so, in which (i) such offer or invitation is not
authorised; or (ii) in which the person making such offer or invitation is not
qualified to do so; or (iii) to any person to whom it is unlawful to make such
offer or invitation.

First half-year 2016

-- Net profit/loss for the first half-year amounted to MSEK 45.2 (58.4).
-- Earnings per share amounted to SEK 3.04 (3.92).
-- Net asset value amounted to MSEK 793 (SEK 53.30 per share) at June 30,
2016, compared to MSEK 785 (SEK 52.78 per share) at year-end 2015.
-- Net cash amounted to MSEK 333 (SEK 22.37 per share) at June 30, 2016,
compared to MSEK 351 (SEK 23.60 per share) at year-end 2015.

Second quarter 2016

-- Net profit/loss for the quarter amounted to MSEK 20.0 (34.6).
-- Earnings per share amounted to SEK 1.35 (2.33).
-- NAXS paid a dividend of SEK 2.50 per share for the fiscal year 2015.

Comments by the CEO

NAXS continued to grow its net asset value during the second quarter,
increasing it by 2.4% including the dividend paid.

The Annual General Meeting which took place on June 1 approved the payment of a
dividend of SEK 2.50 per share for FY 2015. The dividend represents 4.7% of the
net asset value per share at December 31, 2015 and an increase of over 8% in
comparison to the dividend paid for FY 2014. With the FY 2015 dividend, NAXS
has distributed in excess of SEK 7.70 per share over the last 5 years through
dividends and share buy backs.

The Annual General Meeting also approved the change of the Company’s name from
NAXS Nordic Access Buyout Fund AB to NAXS AB.

Lennart Svantesson

Financial summary

2016 2015 2016 2015
1/1–6/30 1/1–6/30 4/1–6/30 4/1–6/30
Net profit/loss for the period, KSEK 45 208 58 362 20 014 34 585

2016 2015
06/30 12/31
Private equity fund investments, KSEK 460 642 434 246
Private equity fund investments in % of equity 58 55
Remaining commitments, KSEK 80 495 104 748
Total exposure to private equity fund investments, KSEK 541 137 538 994
Net cash, KSEK 332 705 350 970
Private equity fund investments per share, SEK 30.98 29.20
Net cash per share, SEK 22.37 23.60
Net asset value per share, SEK 53.30 52.78
Share price, SEK 48.10 54.00

Contact information

Lennart Svantesson, CEO
Telephone: +46 73 311 00 11
Gösta Lundgren, CFO
Telephone: +46 70 710 47 88

This information is information that Naxs AB (publ) is obliged to make public
pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The
information was submitted for publication, through the agency of the contact
persons set out above, at 8.30 CET on July 19, 2016.

This press release and further information is available on the Company’s

NAXS AB (publ)
Corp. Reg. No. 556712-2972
Grev Turegatan 10
114 46 Stockholm, Sweden
Tel: +46 8 611 33 25, E-mail:

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