Sweden's Flat Capital Q3 NAV falls as Klarna share decline weighs

Overview

• Sweden investment company's Q3 NAV per share fell 27% due to Klarna share price drop

• Q3 net loss deepened as operating profit turned negative

• Company invested further in Klarna, made new investments, and sold part of SpaceX holding

Outlook

• Company did not provide specific guidance for future quarters or full-year results in its press release

Result Drivers

• KLARNA SHARE PRICE - Co said negative share price development in listed holding Klarna was main driver of Q3 value decline

• DEFENSOR REVALUATION - Co said revaluation of unlisted holding Defensor increased NAV by about 413 mln SEK

• SPACEX DIVESTMENT - Co said divestment of about one third of SpaceX holding generated gross sales proceeds of 54.6 mln SEK and gross profit of 44.7 mln SEK

Company press release:

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)