© Reuters.
Investor AB, an integral part of the Wallenberg family empire, reported a 3% negative total shareholder return in Q3 2023, reflecting the same trend as in Q3 of the previous year.
The net asset value (NAV) per share fell to 216 Swedish kronor ($19.60) by the end of September, down from SEK220 at the close of June. The adjusted NAV per share held steady at SEK248. A sharp drop in investment values led to a net loss attributable to shareholders of SEK11.09 billion in Q3, marking a significant reversal from the SEK8.37 billion profit recorded in the same period last year.
Johan Forssell, CEO of Investor AB, emphasized the necessity for a short-term efficiency focus and rapid adjustments to market shifts. He also stressed the company’s unwavering commitment to long-term initiatives.
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