2024-07-17 08:58:04 ET
Investor AB (publ) (IVSXF)
Q2 2024 Earnings Call Transcript
July 17, 2024, 04:00 AM ET
Company Participants
Jacob Lund - Chief Communications & Sustainability Officer
Helena Saxon - CFO
Christian Cederholm - CEO
Conference Call Participants
David Johansson - Nordea Markets
Linus Sigurdson - DNB Markets
Derek Laliberte - ABG Sundal Collier
Oskar Lindstrom - Danske Bank
Presentation
Jacob Lund
Good morning, and warm welcome to the presentation of Investor's Interim Report for the Second Quarter and the First Half of 2024. I'm joined here today by our CFO, Helena Saxon, and for the first time by CEO, Christian Cederholm. Welcome to the both of you.
Helena Saxon
Thank you.
Jacob Lund
We'll hear the presentations from them in a minute. But, first, a quick reminder of the opportunities to ask questions on this call. Either you go through the phone operator, Sonia, or online through the webcast. With that, over to you, Christian.
Christian Cederholm
Thank you, Jacob, and welcome, everyone. Good morning. So, overall performance in Q2 was strong. Our adjusted net asset value grew by 8%, and our total return was 9% compared to 2% for SIXRX. Listed companies had a total return of 11% and several of our largest holdings performed well. [Technical Difficulty] good sales growth and good profit growth. Investments in EQT decreased in value due to EQT AB's share price performance. Significant investments were made in Q2, almost SEK10 billion in total, across all three business areas....
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Investor AB (publ) (IVSXF) Q2 2024 Earnings Call Transcript