Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Kinnevik AB
  6. News
  7. Summary
    KINV B   SE0015810247

KINNEVIK AB

(KINV B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Kinnevik : invests SEK150 million in MatHem's SEK1.1 billion funding round

04/22/2021 | 02:01am EST

Kinnevik AB (publ) ("Kinnevik”) today announced its pro-rata participation of SEK 150m in Mathem’s SEK 400m primary equity raise. Existing investors AMF and Stena invested SEK 100m and SEK 50m respectively, increasing their ownership in the business. The funding round also includes a debt facility of SEK 700m provided by P Capital Partners AB.

The newly raised capital will be used to fund MatHem’s continued expansion, including the launch of the new fulfilment center in Larsboda next year, and growing the product offering through, among other initiatives, the launch of pharmacy products in cooperation with Kronans Apotek. In 2020, MatHem recorded sales growth of 50 percent year-on-year, with sales amounting to SEK 2.3bn for the full year, consistently growing its share of the online grocery home delivery market.

Georgi Ganev, CEO of Kinnevik commented: ”Kinnevik is proud to support the continued growth of MatHem as it expands its product range and gains market share. I am impressed by how Johan and his team has met the increased interest in having groceries delivered to your doorstep, and I am convinced that MatHem will continue to develop its customer offering and efficiency.”

Johan Lagercrantz, CEO of MatHem commented: "I am incredibly grateful for the trust in MatHem from our investors in this funding round. MatHem has a clear focus on growth and increased efficiency in our continued journey towards profitability. We work hard to constantly develop to meet our customers' needs and for our e-commerce of groceries with home delivery to contribute to a more convenient and simpler everyday life. With this investment we will be able to achieve fantastic results going forward."

For further information, visit www.kinnevik.com or contact:

Torun Litzén, Director Investor Relations
Phone +46 (0)70 762 00 50
Email press@kinnevik.com

Kinnevik’s ambition is to be Europe’s leading listed growth investor, and we back the best digital companies to make people’ lives better and deliver significant returns. We understand complex and fast-changing consumer behaviours, and have a strong and expanding portfolio in healthtech, consumer services, foodtech and fintech. As a long-term investor, we strongly believe that investing in sustainable business models and diverse teams will bring the greatest returns for shareholders. We back our companies at every stage of their journey and invest in Europe, with a focus on the Nordics, and in the US. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik’s shares are listed on Nasdaq Stockholm’s list for large cap companies under the ticker codes KINV A and KINV B.

Attachment

  • Pressrelease

© OMX, source GlobeNewswire - EU Press Releases

All news about KINNEVIK AB
12/06Kinnevik Extends Management Team With Chief Strategy Officer Samuel Sjöström
AQ
12/01Kinnevik Invests USD 115 Million in Jobandtalent, the World's Leading Digital Temp Staf..
AQ
12/01Jobs and Talent S.L. announced that it has received ?506.2162 million in funding from a..
CI
11/30Increased Number of Shares and Votes in Kinnevik
AQ
11/16Kinnevik has issued SEK 2.0 billion in new sustainability-linked bonds
AQ
11/12Tele2 Nomination Committee Convened
AQ
11/02Kinnevik Publishes Sustainability Linked Financing Framework and Announces Intention to..
AQ
11/01KINNEVIK : Issue and Repurchase of Incentive Shares in Classes C 2021 and D 2021
AQ
10/28Luthman Backlund Foods Ab announced that it has received $100 million in funding from G..
CI
10/22KINNEVIK : Investee Babylon Starts Trading in New York
MT
More news
Analyst Recommendations on KINNEVIK AB
More recommendations
Financials
Sales 2021 1 502 M 166 M 166 M
Net income 2021 15 329 M 1 690 M 1 690 M
Net cash 2021 1 829 M 202 M 202 M
P/E ratio 2021 5,57x
Yield 2021 1,60%
Capitalization 86 962 M 9 558 M 9 589 M
EV / Sales 2021 56,7x
EV / Sales 2022 70,0x
Nbr of Employees 40
Free-Float 89,4%
Chart KINNEVIK AB
Duration : Period :
Kinnevik AB Technical Analysis Chart | KINV B | SE0015810247 | MarketScreener
Technical analysis trends KINNEVIK AB
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Last Close Price 307,80 SEK
Average target price 322,17 SEK
Spread / Average Target 4,67%
EPS Revisions
Managers and Directors
Georgi Martin Ganev Chief Executive Officer
Erika Johanna Söderberg Johnson Chief Financial Officer
James Kennedy Anderson Chairman
Natalie Patricia Tydeman Senior Director-Investment
Lena Charlotte Strömberg Independent Director
Sector and Competitors
1st jan.Capi. (M$)
KINNEVIK AB48.90%9 558
INVESTOR AB (PUBL)47.88%72 996
CK HUTCHISON HOLDINGS LIMITED-7.02%24 737
GROUPE BRUXELLES LAMBERT SA17.62%16 380
HAL TRUST23.63%13 901
AB INDUSTRIVÄRDEN (PUBL)-0.22%12 894