Kinnevik AB

Kinnevik is an investment company with holdings in the sectors of communication, e-commerce, entertainment and financial services. Co.'s holdings include Millicom, a telecommunications and media company providing digital lifestyle products and services to emerging markets, and Tele2, a telecom operator, providing mobile services, fixed broadband and telephony, data network services, cable TV and content services. Within e-commerce, Co. has focused its investments in the shoes and fashion segment through companies such as Zalando with geographical presence in Europe and companies such as Lamoda, Dafiti, Jabong and Zalora focused on emerging markets.
  • TickerKINV B
  • ISINSE0008373906
  • ExchangeNasdaq Nordic Stockholm
  • SectorFinancial Services
  • CountrySweden

Analysts

Joachim Gunell

The weekly navigator

The key takeaways from last week include: 1) Kinnevik’s largest unlisted asset, GFG, reported solid Q1 results with stable growth and a move towards profitability; 2) Kinnevik-owned Pleo said it was planning to raise cSEK0.5bn in a new financing round; 3) Creades cut its Lindab stake by c50%, boosting its net cash position to SEK1bn; and 4) Affärsvärlden rated Ratos BUY.

Joachim Gunell

The weekly navigator

Key takeaways from last week include: 1) Ratos’ shares soared 29% last week on signs of a recovery in its Q1 report; 2) we hosted Bure’s CEO Henrik Blomquist for a lunch presentation at our Stockholm offices; and 3) while Aker’s Q1 was uneventful, we are still positive on the long-term investment case.

Joachim Gunell

The weekly navigator

The key event last week was that we reiterated our SELL on Latour, while acknowledging its impressive Q1 results in the industrial operations.

Joachim Gunell

The weekly navigator

The key takeaways from last week include: 1) Kinnevik’s largest unlisted asset, GFG, reported solid Q1 results with stable growth and a move towards profitability; 2) Kinnevik-owned Pleo said it was planning to raise cSEK0.5bn in a new financing round; 3) Creades cut its Lindab stake by c50%, boosting its net cash position to SEK1bn; and 4) Affärsvärlden rated Ratos BUY.

Joachim Gunell

The weekly navigator

Key takeaways from last week include: 1) Ratos’ shares soared 29% last week on signs of a recovery in its Q1 report; 2) we hosted Bure’s CEO Henrik Blomquist for a lunch presentation at our Stockholm offices; and 3) while Aker’s Q1 was uneventful, we are still positive on the long-term investment case.

Joachim Gunell

The weekly navigator

The key event last week was that we reiterated our SELL on Latour, while acknowledging its impressive Q1 results in the industrial operations.

Joachim Gunell

The weekly navigator

Key takeaways from last week: 1) Creades and Öresund reported Q1 earnings, as did Industrivärden, for which we reiterated our neutral view given a softer portfolio; 2) Cristina Stenbeck has been nominated to chair Zalando’s board, reinforcing our view of her long-term commitment to Kinnevik; and 3) Ratos is to sell its HQ.

Joachim Gunell

The weekly navigator

Key takeaways from last week include: 1) we downgraded Latour from HOLD to SELL on valuation concerns; 2) we hosted Latour’s CEO Jan Svensson for a lunch presentation at our Stockholm offices; 3) the latest financing round in Kinnevik-owned Budbee raised its valuation by c150% since April 2018; and 4) Creades has acquired an 8% stake in Teqnion.

Alexander Aukner ...
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Mats Bye
  • Mattias Montgomery
  • Ole-Andreas Krohn
  • Simen Mortensen
  • Stefan Gauffin

Northern Lights

Alexander Aukner ...
  • Antti Kansanen
  • Christer Magnergård
  • Christoffer Wang Bjørnsen
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Helge André Martinsen
  • Joachim Gunell
  • Jon Masdal
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Mattias Montgomery
  • Niclas Gehin
  • Nicolai Farstad Olsen
  • Nicolas McBeath
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Antti Kansanen ...
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Niclas Gehin
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Stefan Gauffin

Ability to grow profitably uncertain

KINNEVIK 'B' sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of KINNEVIK 'B' (SE), a company active in the Specialty Finance industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 1, 2019, the closing price was SEK 233.20 and its potential was estimated at SEK 247.66.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Investment AB Kinnevik - AGM 06 May 2019

In general, Investment AB Kinnevik ("Kinnevik") is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEMS 15a-15f, the (re-)election of the board of directors is proposed. In view of concerns over aggregate time commitments, ECGS recommends to vote OPPOSE to the (re-)election of: Mr. Henrik Poulsen (ITEM 15c) and Ms. Charlotte Strömberg (ITEM 15d). Under ITEM 19a, the board of directors seeks approval of a LT incentive plan. Although ECGS has no concerns over the LT incentive plan as such, it does not approve of the ...

Expert Corporate Governance Service (ECGS)

Kinnevik AB - Proxy report 16/07/2018

In general, Investment AB Kinnevik ("Kinnevik") is in compliance with the Swedish regulations relating to the organisation and procedures of the Extraordinary General Meeting. ITEM 7 In order to successfully close the merger between Tele2 AB and Com Hem Holding AB (two of Kinnevik's portfolio companies) relevant pro-competitive measures (particularly on the Swedish television markets) are required by the European Commission. The board of directors therefore proposes to distribute all shares in portfolio company Modern Times Group AB ("MTG"). As a matter of principle, ECGS is generally suppo...

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