NAXS Nordic Access Buyout Fund AB
Interim Report January – June 2014
DGAP-News: NAXS Nordic Access Buyout Fund AB / 17.07.2014 / 08:30 --------------------------------------------------------------------- Stockholm, 2014-07-17 08:30 CEST (GLOBE NEWSWIRE) -- First half-year 2014 -- Net profit for the period amounted to MSEK 44.7 (20.3). -- Earnings per share amounted to SEK 3.00 (1.36). -- Net asset value amounted to MSEK 667 (SEK 44.86 per share) at June 30, 2014, compared to MSEK 654 (SEK 43.92 per share) at year-end 2013. -- Net cash amounted to MSEK 128 (SEK 8.59 per share) at June 30, 2014, compared to MSEK 131 (SEK 8.80 per share) at year-end 2013. Second quarter 2014 -- Net profit/loss for the quarter amounted to MSEK 10.9 (25.0). -- Earnings per share amounted to SEK 0.73 (1.68). -- NAXS paid a dividend of SEK 2.00 per share for the fiscal year 2013. Comments by the CEO There were two highlights for NAXS during the second quarter: first, the 2014 annual general meeting approved the payment of a dividend of SEK 2.00 per share in May; second, the NAXS share continued on its positive trajectory and traded with a premium to NAV during most of the quarter, making the Company one of the best performers in the listed private equity sector in Europe. These developments, as well as our confidence in the quality of our portfolio, continue to foster our positive views on NAXS' prospects. Lennart Svantesson Financial summary 2014 2013 2014 2013 1/1-6/30 1/1-6/30 4/1-6/30 4/1-6/30 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Net profit/loss for the period, KSEK 44 656 20 281 10 876 24 998 2014 2013 6/30 12/31 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Private equity fund investments, KSEK 537 832 522 428 Private equity fund investments in % of equity 81 80 Remaining commitments, KSEK 156 579 163 776 Total exposure to private equity fund investments, KSEK 694 411 686 204 Net cash, KSEK 127 840 131 008 Private equity fund investments per share, SEK 36.16 35,09 Net cash per share, SEK 8.59 8.80 Net asset value per share, SEK 44.86 43.92 Share price, SEK 47.10 38.80 NAXS Nordic Access Buyout Fund AB discloses the information provided herein pursuant to the Swedish Securities Markets Act. The report was submitted for publication at 8.30 CET on July 17, 2014. Contact information Lennart Svantesson, CEO Telephone: +46 73 311 00 11 Please see the attached file for the full report. This press release and further information is available on the Company's website: www.naxs.se NAXS Nordic Access Buyout Fund AB (publ) Corp. Reg. No. 556712-2972 Grev Turegatan 10 114 46 Stockholm, Sweden Tel: +46 8 611 33 25, E-mail: info@naxs.se News Source: NASDAQ OMX End of Corporate News --------------------------------------------------------------------- 17.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: NAXS Nordic Access Buyout Fund AB Sweden ISIN: SE0001965369 End of News DGAP News-Service --------------------------------------------------------------------- 278243 17.07.2014
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