NAXS Nordic Access Buyout Fund AB
Interim Report January-March 2015
DGAP-News: NAXS Nordic Access Buyout Fund AB 2015-04-24 / 08:30 --------------------------------------------------------------------- Stockholm, April 24, 2015 PRESS RELEASE NAXS Nordic Access Buyout Fund AB (publ) Interim Report January-March 2015 First quarter 2015 Net profit for the first quarter amounted to MSEK 23.8 (33.3). Earnings per share amounted to SEK 1.60 (2.24). Net asset value amounted to MSEK 772 (SEK 51.94 per share) at March 31, 2015, compared to MSEK 751 (SEK 50.53 per share) at year-end 2014. Net cash amounted to MSEK 206.2 (SEK 13.86 per share) at March 31, 2015, compared to MSEK 167 (SEK 11.26 per share) at year-end 2014. Comments by the CEO NAXS stayed on a steady growth path during the first quarter of 2015. As market conditions remained favorable to exits, the quarter saw several new liquidity events. Together with a positive value development of the private equity fund investments, these liquidity events contributed to a NAV increase of 2.8% during the quarter, despite negative currency effects. NAXS' balance sheet remains therefore robust and the Company's well positioned to take advantage of future opportunities. NAXS' share price also experienced a sustained strong development during the quarter, and we are happy to note that the number of shareholders has continued to increase. Lennart Svantesson Financial summary 2015 2014 1/1-03/31 1/1-03/31 ---------------------------------------------------------- ---------------------------------------------------------- Net profit/loss for the period, KSEK 23 777 33 291 2015 2014 03/31 12/31 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Private equity fund investments, KSEK 568 319 587 105 Private equity fund investments in % of equity 74 78 Remaining commitments, KSEK 132 354 137 019 Total exposure to private equity fund investments, KSEK 700 673 724 124 Net cash, KSEK 206 151 167 447 Private equity fund investments per share, SEK 38.22 39.48 Net cash per share, SEK 13.86 11.26 Net asset value per share, SEK 51.94 50.53 Share price, SEK 59.50 49.90 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 April 24, 2015. 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 --------------------------------------------------------------------- 2015-04-24 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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 --------------------------------------------------------------------- 348123 2015-04-24
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