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VNV Global AB (publ) Financial Report for the Third Quarter and the First Nine Months 2023

MAR


–    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.

For further information please contact:

Björn von Sivers, Investor Relations, VNV Global
Telephone: +46 8 545 015 50
Email: bjorn@vnv.global

About Us

VNV Global brings together patient capital and network effect businesses to achieve the scale that drives profitability over the long term. We are opportunistic investors in business models that build strong moats. The common shares of VNV Global are listed on Nasdaq Stockholm, Mid Cap segment, with the ticker VNV. For more information on VNV Global, visit www.vnv.global.

This information is information that VNV Global AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-10-19 08:00 CEST.

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Datum 2023-10-19, kl 08:00
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