NAXS Nordic Access Buyout Fund AB
Interim Report January–September 2013
NAXS Nordic Access Buyout Fund AB 22.10.2013 11:35 --------------------------------------------------------------------------- Stockholm, October 22, 2013 PRESS RELEASE NAXS Nordic Access Buyout Fund AB (publ) Interim Report January-September 2013 Nine months 2013 -- Net profit/loss for the period amounted to MSEK 29,7 (38,2). -- Earnings per share amounted to SEK 1.99 (2.56). -- Net asset value amounted to MSEK 630 (SEK 42.34 per share) at September 30, 2013, compared to MSEK 609 (SEK 40.83 per share) at year-end 2012. -- Net cash amounted to MSEK 129 (SEK 8.66 per share) at September 30, 2013, compared to MSEK 123 (SEK 8.22 per share) at year-end 2012. Third quarter 2013 -- Net profit/loss for the period amounted to MSEK 9.4 (5.5). -- Earnings per share amounted to SEK 0.63 (0.36). Comments by the CEO It is with satisfaction that we have noticed an increasing number of exits in NAXS's portfolio. Year to date, the signing or closing of no less than 8 exits have been announced, including Intera's divestment of Delete (closed in the third quarter) and Valedo's divestment of BTI (closed in the fourth quarter, after the end of the reporting period). The 15 exits that have taken place since NAXS's inception have generated an average annual gross return (IRR) of 21%. NAXS' net asset value continues to grow and has increased by 4.9% so far this year - including the dividend paid for FY 2012. Lennart Svantesson NAXS operates as a private equity fund-of-funds with investments in buyout funds with a Nordic focus. The objective is to make the Nordic private equity market accessible for a broader circle of investors, while offering liquidity through NAXS' listed shares. Financial summary 2013 2012 2013 2012 1/1-9/30 1/1-9/30 7/1-9/30 7/1-9/30 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Net profit/loss for the period, KSEK 29710 38 228 9 430 5 455 2013 2012 9/30 12/31 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Private equity fund investments, KSEK 499 880 487 173 Private equity fund investments in % of equity 79 80 Remaining commitments, KSEK 186 586 212 544 Total exposure to private equity fund investments, KSEK 686 466 699 717 Net cash, KSEK 128 994 122 624 Private equity fund investments per share, SEK 33,57 32,64 Net cash per share, SEK 8,66 8,22 Net asset value per share, SEK 42,34 40,83 Share price, SEK 38,00 29,50 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 11.15 CET on October 22, 2013. 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 22.10.2013 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 Phone: Fax: E-mail: Internet: ISIN: SE0001965369 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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