SUBSTANTIAL IMPROVEMENT IN RESULT FOR Q3
AB Novestra will report a substantial result improvement for the third quarter deriving from the positive development in value of Nove Capital Fund as well as the development in the private portfolio.
The appreciation in value of Novestra’s holding in Nove Capital Fund during the third quarter amounted to approximately MSEK 45 combined with a continued growth in the larger private holdings which amounted to between 25 and 150 percent. All of these portfolio companies also experienced substantially improved results compared to the same period the previous year.
”Nove Capital Fund has had an excellent development. At the same time, the growth among our private portfolio companies continues to accelerate. In addition, we have every reason to continue to be optimistic about the future,” Novestra’s Managing Director, Peter Ekelund, says.
For further information please contact AB Novestra, phone No. +46 8 545 017 50.
About AB Novestra
Novestra is an independent investment company with a portfolio of investments in a number of privately held growth companies including Bytek Systems AB, Explorica, Inc., MyPublisher, Inc., Netsurvey AB, Qbranch AB and Strax Holdings, Inc. In addition, Novestra has holdings in a number of public companies through Nove Capital Fund, a special situations fund focusing on the Nordic region.
The Novestra shares are listed on the O List of the Stockholm Stock Exchange. For further information regarding AB Novestra, reference is made to www.novestra.com.