Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Investor AB Reports Negative Total Shareholder Return of 4% for 3Q

10/18/2021 | 04:44am EST

By Dominic Chopping

STOCKHOLM--Investor AB on Thursday reported a negative third quarter total shareholder return of 4% compared with a 19% positive return in the same period last year.

The investment firm noted that while the world economy continued to recover, it remained affected by the pandemic and supply chain challenges, while the energy shortage, geopolitics, inflation concerns and uncertainty about the Chinese economy are risks that need to be monitored closely.

All these risks have recently contributed to increased volatility in the financial markets, despite an improved macro environment and low interest rates, it added.

Investor's net asset value per share rose to 196 Swedish kronor ($22.75) at the end of September from SEK187 at the end of June. On an adjusted basis, NAV rose to SEK223 a share from SEK215.

Net profit attributable to shareholders for the third quarter was SEK26.97 billion, down from SEK27.19 billion a year earlier.

"In the coming years, sustainability, digitalization, an intensifying competition for talent and geopolitics will shape both Investor and our companies," Chief Executive Johan Forssell said.

Investor said it has updated its leverage policy, now targeting 0-10% net debt to total adjusted assets, from 5%-10% net debt to total reported assets previously.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

10-18-21 0644ET

Latest news "Economy & Forex"
06:12aBurberry bullish on profit as outerwear and leather goods sales soar
06:11aNine executives of Kenya Power charged over national blackout - Citizen TV
06:11aItaly's Civitanavi Systems to list on Euronext Milan market
06:11aWall Street banks eye 'new normal' for trading revenue
06:07aU.S. Supreme Court weighs Senator Cruz's campaign finance challenge
06:06aAfter rain burst, California salmon reclaim old spawning grounds
06:04aBiden to address skeptics as presidency nears one-year mark Wednesday
06:02aHealth insurer UnitedHealth profit rises 84% on Optum strength
05:57aOil refining capacity fell for first time in 30 years in 2021, IEA says
05:56aWater crisis looms for tsunami-hit Tonga; New Zealand help on the way
Latest news "Economy & Forex"