NAXS Nordic Access Buyout Fund AB
Interim Report January–June 2013
NAXS Nordic Access Buyout Fund AB 15.07.2013 12:55 --------------------------------------------------------------------------- Stockholm, July 15, 2013 PRESS RELEASE First half-year 2013 -- Net profit/loss for the period amounted to MSEK 20,3 (32,8). -- Earnings per share amounted to SEK 1.36 (2.19). -- Net asset value amounted to MSEK 621 (SEK 41,71 per share) at June 30, 2013, compared to MSEK 609 (SEK 40.83 per share) at year-end 2012. -- Net cash amounted to MSEK 83 (SEK 5.60 per share) at June 30, 2013, compared to MSEK 123 (SEK 8.22 per share) at year-end 2012. Second quarter 2013 -- Net profit/loss for the period amounted to MSEK 25.0 (23,5). -- Earnings per share amounted to SEK 1.68 (1.57). -- NAXS paid a dividend amounting to SEK 0.50 per share for the fiscal year 2012. Comments by the CEO It is with satisfaction that we saw NAXS' net asset value grow by 4% during the quarter (including the dividend paid for FY 2012) and by 7% over a 12-month period. This positive development during the quarter is a result of an increase in valuation of the private equity fund investments, liquidity events in the portfolio and a weakening of the Swedish krona. Following the 2 recent acquisitions and 2 exits, NAXS' underlying funds hold a total of 84 portfolio companies, the investments in private equity funds have reached 86% of the equity, and the 10 exits that have occurred since NAXS' inception have generated an average annual gross return (IRR) of 20%. It is also worth mentioning that the credit markets are functioning well in the Nordic region, which is reflected in the 6 recapitalizations that took place in NAXS' portfolio during the quarter. 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 1/1-6/30 1/1-6/30 4/1-6/30 4/1-6/30 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Net profit/loss for the period, KSEK 20 281 32 774 24 998 23 540 2013 2012 6/30 12/31 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Private equity fund investments, KSEK 536 956 487 173 Private equity fund investments in % of equity 86 80 Remaining commitments, KSEK 177 803 212 544 Total exposure to private equity fund investments, KSEK 714 759 699 717 Net cash, KSEK 83 457 122 624 Private equity fund investments per share, SEK 36,05 32,64 Net cash per share, SEK 5,60 8,22 Net asset value per share, SEK 41,71 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 12.45 CET on July 15, 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 15.07.2013 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 ---------------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found