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

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Loss

SEK 1.48 bln

Q3 Operating Expenses

SEK 3.70 mln


Reuters Recommended Reads

  • Nov 2 - Swedish 3D printer maker Freemelt's prelim Q3 sales fall

  • Nov 3 - Sweden's 4C Group Q3 sales fall as deal delays weigh

  • Nov 3 - Sweden's NOBA Bank Group Q3 loan portfolio rises on growth across segments


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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