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Est. tid*
2026-01-21 08:00 Bokslutskommuniké 2025
2025-10-22 08:00 Kvartalsrapport 2025-Q3
2025-07-16 08:00 Kvartalsrapport 2025-Q2
2025-05-14 N/A X-dag ordinarie utdelning VEFAB 0.00 SEK
2025-05-13 N/A Årsstämma
2025-04-16 - Kvartalsrapport 2025-Q1
2025-01-22 - Bokslutskommuniké 2024
2024-10-23 - Kvartalsrapport 2024-Q3
2024-07-17 - Kvartalsrapport 2024-Q2
2024-05-15 - X-dag ordinarie utdelning VEFAB 0.00 SEK
2024-05-14 - Årsstämma
2024-04-17 - Kvartalsrapport 2024-Q1
2024-01-24 - Bokslutskommuniké 2023
2023-10-25 - Kvartalsrapport 2023-Q3
2023-10-03 - Extra Bolagsstämma 2023
2023-07-19 - Kvartalsrapport 2023-Q2
2023-05-10 - X-dag ordinarie utdelning VEFAB 0.00 SEK
2023-05-09 - Årsstämma
2023-04-19 - Kvartalsrapport 2023-Q1
2023-01-25 - Bokslutskommuniké 2022
2022-10-26 - Kvartalsrapport 2022-Q3
2022-07-20 - Kvartalsrapport 2022-Q2
2022-05-11 - X-dag ordinarie utdelning VEFAB 0.00 SEK
2022-05-10 - Årsstämma
2022-04-27 - Kvartalsrapport 2022-Q1
2022-02-02 - Bokslutskommuniké 2021
2021-11-03 - Kvartalsrapport 2021-Q3
2021-07-28 - Kvartalsrapport 2021-Q2
2021-05-07 - X-dag ordinarie utdelning VEFAB 0.00 SEK
2021-05-06 - Årsstämma
2021-04-28 - Kvartalsrapport 2021-Q1
2021-02-03 - Bokslutskommuniké 2020
2020-11-04 - Kvartalsrapport 2020-Q3
2020-10-22 - Extra Bolagsstämma 2020
2020-07-30 - Kvartalsrapport 2020-Q2
2020-05-14 - X-dag ordinarie utdelning VEFAB 0.00 SEK
2020-05-13 - Årsstämma
2020-04-29 - Kvartalsrapport 2020-Q1
2020-02-12 - Bokslutskommuniké 2019
2019-11-13 - Kvartalsrapport 2019-Q3
2019-08-14 - Kvartalsrapport 2019-Q2
2019-05-22 - X-dag ordinarie utdelning VEFAB 0.00 SEK
2019-05-21 - Årsstämma
2019-05-15 - Kvartalsrapport 2019-Q1
2019-02-20 - Bokslutskommuniké 2018
2018-11-14 - Kvartalsrapport 2018-Q3
2018-08-22 - Kvartalsrapport 2018-Q2
2018-05-18 - X-dag ordinarie utdelning VEFAB 0.00 SEK
2018-05-17 - Årsstämma
2018-05-16 - Kvartalsrapport 2018-Q1
2018-03-07 - Bokslutskommuniké 2017
2017-11-29 - Kvartalsrapport 2017-Q3
2017-08-30 - Kvartalsrapport 2017-Q2
2017-05-19 - X-dag ordinarie utdelning VEFAB 0.00 SEK
2017-05-18 - Årsstämma
2017-05-17 - Kvartalsrapport 2017-Q1
2017-03-15 - Bokslutskommuniké 2016
2016-11-30 - Kvartalsrapport 2016-Q3
2016-08-31 - Kvartalsrapport 2016-Q2
2016-05-19 - Årsstämma
2016-05-18 - Kvartalsrapport 2016-Q1
2016-05-02 - X-dag ordinarie utdelning VEFAB 0.00 SEK
2016-03-10 - Bokslutskommuniké 2015
2015-11-18 - Kvartalsrapport 2015-Q3

Beskrivning

LandSverige
ListaMid Cap Stockholm
SektorFinans
IndustriInvesteringar
VEF är ett investmentbolag. Bolaget investerar på tillväxtmarknader. Störst fokus innehas på bolag verksamma inom Fintech-branschen, vilket inkluderar teknikbolag i finanssektorn. Investeringsportföljens består till störst del av bolag i tidig tillväxtfas med produkter/tjänster inom konsumentkredit, betalningslösningar, penningöverföring och försäkringar. Bolaget gick tidigare under namnet Vostok Emerging Finance och har sitt huvudkontor i Stockholm.
2022-07-20 08:00:00

Key events during the quarter

  • On June 1, VEF’s shares commenced trading on Nasdaq Stockholm’s Main Market. A key event in VEF’s journey to be the leading investor in the future of finance across the emerging world.
  • VEF issued SEK 500 mln sustainability bonds to invest in financial inclusion. We are proud that our capital is having a positive impact on access to fair and affordable financial services.
  • During the quarter VEFs NAV decreased with 40% driven by the sell-off in financial markets causing multiples for comparable companies to materially derate.
  • VEF deployed an additional USD 6.6 mln into the current portfolio. Follow-on investments were made into Juspay (USD 4.1 mln), Magnetis (USD 1.0 mln), FinanZero (USD 1.0 mln) and Abhi (USD 0.5 mln).

Net asset value

  • NAV of VEF’s portfolio decreased during 1H22 to USD 441.2 mln (YE21 761.7). NAV per share decreased by 42% to USD 0.42 (YE21: 0.73) per share during 1H22.
  • In SEK, NAV decreased to 4,483 mln (YE21: 6,885). NAV per share decreased by 35% to SEK 4.30 (YE21: 6.61) per share during 1H22.
  • Cash position, including liquidity investments, was USD 64.1 mln (YE21: 61.8) at the end of 1H22.

Financial result

  • Net result for 2Q22 was USD -296.6 mln (2Q21: 0.5). Earnings per share were USD -0.28 (2Q21: 0.00).
  • Net result for 1H22 was USD -320.7 mln (1H21: 15.8). Earnings per share were USD -0.31 (1H21: 0.02).

The negative financial result for the quarter was driven by the sell-off in financial markets causing multiples for comparable companies to materially derate. This sell-off has been the main driver of each of the portfolio company valuation moves during the quarter. Aside from peer valuation multiple contraction, delivery at VEF portfolio company level has remained strong.


Dec 31, 2020Dec 31, 2021June 30, 2022
Net asset value (USD mln)388.1761.7441.2
Net asset value (SEK mln)3,1786,8854,483
Net asset value per share (USD)0.470.730.42
Net asset value per share (SEK)3.836.614.30
VEF AB (publ) share price (SEK)4.046.052.32

Events after the end of the period

  • In July, Creditas announced the extension of their Series F funding round with a new investment of USD 50 mln as part of a strategic partnership with Andbank, a global private bank. The extension brings the total fundraise to USD 310 mln.

Visit VEF’s IR page for our financial reports and other information: vef.vc/investors