First quarter 2020
Comments by the CEO
Including the dividend paid, the net asset value (NAV) per share increased by 3.9% during the first quarter of 2020. However, the recent turbulent market conditions may result in a material impact on the valuation of NAXS’s private equity fund investments and other investments in the coming quarters.
The Future Prospects section of this report sets forth a sensitivity analysis showing the impact a change in valuation in NAXS’s holdings would have on the company’s results.
Lennart Svantesson
Financial summary
| 2020 1/1–03/31 | 2019 1/1–03/31 | |
| Net profit/loss for the period, KSEK | -3 950 | 15 839 |
| 2020 03/31 | 2019 12/31 | |
| Private equity fund investments, KSEK | 497 471 | 436 026 |
| Private equity fund investments in % of equity | 71 | 57 |
| Remaining commitments, KSEK | 111 024 | 73 313 |
| Total exposure to private equity fund investments, KSEK | 608 495 | 509 339 |
| Other investments, KSEK | 18 839 | 64 052 |
| Net cash, KSEK | 188 012 | 260 430 |
| Private equity fund investments per share, SEK | 44.61 | 36.61 |
| Other investments per share, SEK | 1.69 | 5.38 |
| Net cash per share, SEK | 16.86 | 21.87 |
| Net asset value per share, SEK | 63.13 | 63.75 |
| Share price, SEK | 44.50 | 48.40 |
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