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Interim Report January-March 2021

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NAXS Nordic Access Buyout Fund AB
·3-min read
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First quarter 2021

  • Net profit for the first quarter amounted to MSEK 44.6 (-4.0).

  • Earnings per share amounted to SEK 4.00 (-0.35).

  • Net asset value amounted to MSEK 703 (SEK 63.04 per share) at March 31, 2021, compared to MSEK 679 (SEK 60.87 per share) at March 31, 2020.

  • Net cash amounted to MSEK 180 (SEK 16.16 per share) at March 31, 2021, compared to MSEK 219 (SEK 19.65 per share) at December 31, 2020.

  • The 2021 Annual General Meeting resolved to pay a dividend of 3.00 SEK per share for FY 2020.

Comments by the CEO

NAXS experienced a steady development during the first quarter of 2021 with the NAV/share increasing by 8.5%, including the dividend paid out.

During the quarter, NAXS made a second co-investment alongside JAB Holding, this time in Krispy Kreme Doughnuts, the world-famous doughnut brand.

As to the underlying funds, they acquired 4 new portfolio companies and signed or closed 4 exits during the quarter. In addition, a partial exit took place with the listing of Kreate on Nasdaq Helsinki.

NAXS paid out in March a dividend of SEK 3.00/share for FY 2020, corresponding to 4.9% of NAV at 31 December 2020.

Lennart Svantesson

Financial summary

2021
1/1–03/31

2020
1/1–03/31

Net profit/loss for the period, KSEK

44 621

-3 950

2021
03/31

2020
12/31

Private equity fund investments, KSEK

481 449

428 651

Private equity fund investments in % of equity

69

63

Remaining commitments, KSEK

127 083

128 762

Total exposure to private equity fund investments, KSEK

608 532

557 413

Other investments, KSEK

42 222

31 695

Net cash, KSEK

180 176

219 127

Private equity fund investments per share, SEK

43.17

38.44

Other investments per share, SEK

3.79

2.84

Net cash per share, SEK

16.16

19.65

Net asset value per share, SEK

63.04

60.87

Share price, SEK

50.80

49.90

Contact information

Lennart Svantesson, CEO

Telephone: +46 73 311 00 11

Gösta Lundgren, CFO

Telephone: +46 70 710 47 88

This information is information that NAXS AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 18.30 CET on April 22, 2021.

This press release and further information is available on the Company’s website: www.naxs.se

NAXS AB (publ)
Corp. Reg. No. 556712-2972
Nybrogatan 8
114 34 Stockholm, Sweden
Tel: +46 (0)766 40 00 40, E-mail: info@naxs.se

NAXS is a company listed on NASDAQ Stockholm and investing primarily in private equity funds with a Nordic focus. NAXS may also make direct investments or co-investments alongside private equity or other alternative assets funds. In addition, NAXS may, to a limited extent, make other types of investments.

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