CONTINUED STRONG GROWTH AMONG THE PORTFOLIO COMPANIES – ALL EXPECTED TO BE CASH FLOW POSITIVE AT THE END OF Q4
The outlook for Q4 remains positive with expected further improvement of
AB Novestra’s result. All Novestra’s non-public holdings have shown continued positive development during Q4 with significant improvements in revenues and earnings. All Novestra’s directly and indirectly held portfolio companies are now expected to be cash flow positive at the end of the quarter.
”We are very pleased with, and in some cases even positively surprised by, the developments in sales as well as results shown by most of our privately held portfolio companies. In addition, our portfolio of public holdings has had a positive development and we are currently optimistic about the potential for further improvements in results during Q4 and 2004,” Peter Ekelund, Novestra’s Managing Director, says.
For further information please contact Mr Theodor Dalenson, Chairman, phone No. +46 8 545 017 50.
About AB Novestra
Novestra is an independent investment company with a portfolio of small cap private as well as public companies. Novestra focuses on investing in companies with substantial growth or value potential.
Novestra’s portfolio of companies consists of i.a. Explorica, Inc., JC AB (publ), Modul 1 Data AB (publ), MyPublisher, Inc., Netsurvey AB, Qbranch AB and Strax Holdings, Inc. as well as the co-investment vehicle Continuum Group Ltd. Novestra’s shares are listed on the O-List of Stockholmsbörsen.
For further information regarding AB Novestra, please see www.novestra.com