AB Novestra’s private portfolio companies continued their rapid expansion during the beginning of the year. All of the three largest private holdings showed an increased expansion rate during the first month of the year. This applies first and foremost to MyPublisher, Inc. and Strax, Inc. who during the month of January showed growth in sales of 120 and 100 percent respectively compared to the same period the previous year. Furthermore, Qbranch AB has also showed accelerating growth with an increase of 28 percent during January compared to the same period the previous year.
“We had expected continued growth, however this rate of expansion, during a period that is traditionally the weakest month of the year, was unexpected. We believe that this development can continue during the rest of the year. A divestment in the private portfolio could become a reality. Speedera Networks, Inc., for example, which we own indirectly through Continuum Group Ltd, could be ready for a transaction,” Novestra’s Managing Director, Peter Ekelund, says.
For further information, please contact Mr Peter Ekelund, Managing Director, 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. Bytek Systems AB, Explorica, Inc., IBS AB (publ), inWarehouse AB (publ), Lagercrantz Group AB (publ), MyPublisher, Inc., Netsurvey AB,
Pergo AB (publ), Qbranch AB and Strax Holdings, Inc. as well as Speedera Networks, Inc. through the co-investment vehicle Continuum Group Ltd. The Novestra shares are listed on the O List of the Stockholm Stock Exchange. For further information regarding AB Novestra, please see www.novestra.com .