STOCKHOLM, Sweden, Aug. 5, 2004 (PRIMEZONE) -- Invik:
-- The merger with Industrif o rvaltnings AB Kinnevik ("Kinnevik")
was finalised on 28 July.
-- Vigo Carlund has been appointed President and CEO of
Invik & Co. AB.
-- This interim report comprises three parts: Invik's operations,
Kinnevik's operations and pro forma financial statements for
the merged company.
Invik
-- Net turnover for the first half of the year amounted to
SEK 896.6 (487.1) million.
-- Net result after taxes amounted to SEK 145.8 (56.5)
million.
-- Earnings per share amounted to SEK 1.88 (0.73).
-- Modern Finance Group reported income after financial
items of SEK 93.3 (50.0) million.
Kinnevik
-- Net turnover for the first half of the year amounted to
SEK 2,898 (2,926) million.
-- Net result after taxes amounted to SEK 534 (318) million.
-- Earnings per share amounted to SEK 8.48 (5.06).
-- Korsnas Holding reported operating income of
SEK 444 (479) million.
The merged company
-- The merged company's pro forma net turnover for the first
half of the year amounted to SEK 3,790 million.
-- The pro forma underlying operating result amounted to
SEK 499 million. The operating profit, including income
from corporate development of SEK 465 million, amounted to
SEK 964 million.
-- Pro forma net result after taxes amounted to SEK 598 million.
-- Pro forma earnings per share amounted to SEK 2.23.
-- The market value of the merged company's holdings of listed
securities amounted to SEK 23,622 million at 30 June 2004.
On 4 August the value was SEK 20,292 million, which means that
the market value exceeded the book value of the listed
portfolio by SEK 4,538 million on that date.
FOR FURTHER INFORMATION, PLEASE VISIT WWW.KINNEVIK.SE, WWW.INVIK.SE
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The following files are available for download:
The full report: http://www.waymaker.net/bitonline/2004/08/05/20040805BIT20770/wkr0001.pdf