NAXS Nordic Access Buyout Fund AB
Interim Report January – March 2014
DGAP-News: NAXS Nordic Access Buyout Fund AB / 08.05.2014 / 07:30 --------------------------------------------------------------------- Stockholm, May 8, 2014 PRESS RELEASE NAXS Nordic Access Buyout Fund AB (publ) Interim Report January - March 2014 First quarter 2014 Net profit for the period amounted to MSEK 33,3 (-4,7). Earnings per share amounted to SEK 2.24 (-0.32). Net asset value amounted to MSEK 686 (SEK 46.09 per share) at March 31, 2014, compared to MSEK 654 (SEK 43.92 per share) at year-end 2013. Net cash amounted to MSEK 157 (SEK 10.53 per share) at March 31, 2014, compared to MSEK 131 (SEK 8.80 per share) at year-end 2013. Comments by the CEO NAXS continued its NAV growth trajectory during the first quarter of 2014, with the NAV/share increasing by 4.9%. The NAXS share also experienced a positive development during the first 3 months of 2014, largely trading in-line with NAV during the period. There were 2 new acquisitions during the quarter, the second of which was the 100th portfolio company for NAXS and a good indicator of the level of diversification that our portfolio has now reached. Finally, the exit activity of the past year has left NAXS with a solid balance sheet, and allowed the Company to propose to the upcoming annual general meeting a dividend of SEK 2.00/share for FY 2013 (representing approx. 4.5% of the NAV/share at December 31, 2013). Lennart Svantesson Financial summary 2014 2013 1/1-3/31 1/1-3/31 -------------------------------------------------------- -------------------------------------------------------- Net profit/loss for the period, KSEK 33 291 -4 718 2014 2013 3/31 12/31 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Private equity fund investments, KSEK 527 722 522 428 Private equity fund investments in % of equity 77 80 Remaining commitments, KSEK 157 722 163 776 Total exposure to private equity fund investments, KSEK 685 444 686 204 Net cash, KSEK 156 734 131 008 Private equity fund investments per share, SEK 35,47 35,09 Net cash per share, SEK 10,53 8,80 Net asset value per share, SEK 46,09 43,92 Share price, SEK 42,50 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 7.30 CET on May 8, 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 --------------------------------------------------------------------- 08.05.2014 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 --------------------------------------------------------------------- 267156 08.05.2014
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