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NAXS AB: Interim Report January-September 2016

Interim report

Interim Report January-September 2016

Stockholm, October 21, 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.

Interim Report January-September 2016

Nine months 2016

-- Net profit/loss for the period amounted to MSEK 55.1 (89.2).
-- Earnings per share amounted to SEK 3.70 (6.00).
-- Net asset value amounted to MSEK 806 (SEK 54.19 per share) at September 30,
2016, compared to MSEK 785 (SEK 52.78 per share) at year-end 2015.
-- Net cash amounted to MSEK 344 (SEK 23.13 per share) at September 30, 2016,
compared to MSEK 351 (SEK 23.60 per share) at year-end 2015.
-- NAXS paid a dividend of SEK 2.50 per share for the fiscal year 2015.

Third quarter 2016

-- Net profit/loss for the quarter amounted to MSEK 9.9 (30.8).
-- Earnings per share amounted to SEK 0.66 (2.07).

Comments by the CEO

During the third quarter, NAXS’s net asset value per share rose by 1.6%, driven
notably by positive currency effects.

The company currently has a relatively large proportion of cash on its balance
sheet and continues to focus on building a deal flow of co-investment,
secondary and other alternative investment opportunities.

Lennart Svantesson

Financial summary

2016 2015 2016 2015
1/1–9/30 1/1–9/30 7/1–9/30 7/1–9/30
Net profit/loss for the period, KSEK 55 074 89 184 9 867 30 821

2016 2015
09/30 12/31
-------------------------------------------------------- --------
Private equity fund investments, KSEK 462 393 434 246
Private equity fund investments in % of equity 57 55
Remaining commitments, KSEK 66 863 104 748
Total exposure to private equity fund investments, KSEK 529 256 538 994
Net cash, KSEK 343 921 350 970
Private equity fund investments per share, SEK 31.10 29.20
Net cash per share, SEK 23.13 23.60
Net asset value per share, SEK 54.19 52.78
Share price, SEK 47.70 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 October 21, 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:

Författare SSE

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