VNV Global

–    Net asset value: SEK 7.73 bn
–    NAV per share: SEK 59.02
–    NAV change, period (in SEK): 13.22%
–    NAV change, quarter (in SEK): -1.36%


Net asset value (NAV) and financial results for the nine-month period 2023

The VNV Global AB (publ) (“VNV Global”) group’s net asset value was USD 710.17 million (mln) on September 30, 2023 (December 31, 2022: 613.43), corresponding to USD 5.42 per share (December 31, 2022: 5.34). Given a SEK/USD exchange rate of 10.8859 the NAV was SEK 7,730.81 mln (December 31, 2022: 6,396.45) and SEK 59.02 per share (December 31, 2022: 55.68), respectively.

The group’s NAV per share in USD increased by 8.45% and in SEK by 13.22% during the period. During the quarter, the NAV per share in USD decreased by -2.10% and in SEK by -1.36%.

Net result for the period was USD 66.72 mln (January 1, 2022–September 30, 2022: -704.71), mainly related to changes in fair value of BlaBlaCar (USD 113.9 mln) and Gett (USD -33.8 mln).

Earnings per share were USD 0.54 (-6.13).

Financial results for the third quarter 2023

Net result for the quarter was USD -15.30 mln (-158.69).

Earnings per share were USD -0.12 (-1.38).

Key events during the quarter July 1, 2023–September 30, 2023

Investments: During the third quarter of 2023, VNV Global invested USD 1.3 mln in financial assets, excluding liquidity management investments.

Bond loan 2021/2024: During the third quarter 2023, VNV Global repurchased bonds for a nominal amount of SEK 141.3 mln at a price close to par, in order to retire a portion of its existing bond indebtedness.

Voi: In July, Voi announced they had won the scooter tender in London and the service went live in September 2023.

CMD 2023: The capital markets day was held on September 19 at the offices of BlaBlaCar in Paris. A recording of the presentation is available on our website and via this link.

Key events after the end of the period

Bond loan 2021/2024: After the end of the period, VNV Global has repurchased bonds for a nominal amount of SEK 25 mln.
 
The Company will hold a telephone conference with an interactive presentation at 15:00 CEST (09:00 a.m. EDT) Thursday, October 19, 2023. To register for the conference call and webcast, see separate press release issued Thursday, October 12, 2023, at www.vnv.global.