The merger with Industriförvaltnings AB Kinnevik ("Kinnevik) was finalised on 28 July.
Vigo Carlund has been appointed President and CEO of Invik & Co. AB.
This interim report comprises three parts: Invik's operations, Kinnevik's operations and pro forma financial statements for the merged company.
Invik
Net turnover for the first half of the year amounted to SEK 896.6 (487.1) million.
Net result after taxes amounted to SEK 145.8 (56.5) million.
Earnings per share amounted to SEK 1.88 (0.73).
Modern Finance Group reported income after financial items of SEK 93.3 (50.0) million.
Kinnevik
Net turnover for the first half of the year amounted to SEK 2,898 (2,926) million.
Net result after taxes amounted to SEK 534 (318) million.
Earnings per share amounted to SEK 8.48 (5.06).
Korsnäs Holding reported operating income of SEK 444 (479) million.
The merged company
The merged company's pro forma net turnover for the first half of the year amounted to SEK 3,790 million.
The pro forma underlying operating result amounted to SEK 499 million. The operating profit, including income from corporate development of SEK 465 million, amounted to SEK 964 million.
Pro forma net result after taxes amounted to SEK 598 million.
Pro forma earnings per share amounted to SEK 2.23.
The market value of the merged company's holdings of listed securities amounted to SEK 23,622 million at 30 June 2004. On 4 August the value was SEK 20,292 million, which means that the market value exceeded the book value of the listed portfolio by SEK 4,538 million on that date.
FOR FURTHER INFORMATION, PLEASE VISIT WWW.KINNEVIK.SE, WWW.INVIK.SE OR CONTACT:
Vigo Carlund, President and Chief Executive Officer
tel +46 (0) 8 562 000 00
Henrik Persson, Investor Relations
tel +46 (0) 8 562 000 87
Vigo Carlund has been appointed President and CEO of Invik & Co. AB.
This interim report comprises three parts: Invik's operations, Kinnevik's operations and pro forma financial statements for the merged company.
Invik
Net turnover for the first half of the year amounted to SEK 896.6 (487.1) million.
Net result after taxes amounted to SEK 145.8 (56.5) million.
Earnings per share amounted to SEK 1.88 (0.73).
Modern Finance Group reported income after financial items of SEK 93.3 (50.0) million.
Kinnevik
Net turnover for the first half of the year amounted to SEK 2,898 (2,926) million.
Net result after taxes amounted to SEK 534 (318) million.
Earnings per share amounted to SEK 8.48 (5.06).
Korsnäs Holding reported operating income of SEK 444 (479) million.
The merged company
The merged company's pro forma net turnover for the first half of the year amounted to SEK 3,790 million.
The pro forma underlying operating result amounted to SEK 499 million. The operating profit, including income from corporate development of SEK 465 million, amounted to SEK 964 million.
Pro forma net result after taxes amounted to SEK 598 million.
Pro forma earnings per share amounted to SEK 2.23.
The market value of the merged company's holdings of listed securities amounted to SEK 23,622 million at 30 June 2004. On 4 August the value was SEK 20,292 million, which means that the market value exceeded the book value of the listed portfolio by SEK 4,538 million on that date.
FOR FURTHER INFORMATION, PLEASE VISIT WWW.KINNEVIK.SE, WWW.INVIK.SE OR CONTACT:
Vigo Carlund, President and Chief Executive Officer
tel +46 (0) 8 562 000 00
Henrik Persson, Investor Relations
tel +46 (0) 8 562 000 87
