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Beskrivning
Land | Sverige |
---|---|
Lista | Mid Cap Stockholm |
Sektor | Finans |
Industri | Investeringar |
2021-02-03 08:00:00
Highlights during the quarter
- NAV per share rose to a fresh all-time high of SEK 3.83 and NAV to USD 388.1 mln, driven by continued strong performance across the portfolio.
- VEF invested an additional USD 25 mln in Creditas as part of a USD 255 mln funding round valuing the company at USD 1.75 bln. Creditas now accounts for 44% of total NAV.
- Finja closed a financing round of USD 9 mln. VEF participated via outstanding convertible notes while investing an additional USD 0.5 mln.
- VEF completed a share placement, raising approximately SEK 522 mln (USD 61 mln) in gross proceeds, with support of existing and new investors, to continue its investment mandate into emerging market Fintech.
- At the Special General Meeting (SGM) in October, Vostok Emerging Finance resolved to change the Company’s name to VEF.
Net asset value
- NAV of VEF’s portfolio increased during 4Q20 to USD 388.1 mln. NAV per share increased by 16% to USD 0.47 per share.
- In local currency, NAV increased to SEK 3,178 mln. NAV per share increased by 6% to SEK 3.83 per share.
- Cash position, including liquidity investments, at the end of 4Q20 was USD 52.4 mln.
Financial result
- Net result for 4Q20 was USD 60.5 mln (4Q19: USD 0.77 mln). Earnings per share were USD 0.08 (4Q19: USD 0.00).
- Net result for FY20 was USD 79.5 mln (FY19: USD 48.53 mln). Earnings per share were USD 0.11 (FY19: USD 0.07).
Dec 31, 2019 | Sep 30, 2020 | Dec 31, 2020 | |
Net asset value (USD mln) | 249.4 | 268.2 | 388.1 |
Net asset value (SEK mln) | 2,325 | 2,409 | 3,178 |
Net asset value per share (USD) | 0.38 | 0.40 | 0.47 |
Net asset value per share (SEK) | 3.55 | 3.63 | 3.83 |
VEMF SDB share price (SEK) | 2.94 | 2.57 | 4.04 |
The Company will hold a telephone conference with an interactive presentation at 15:00 CET (09:00 a.m. ET) Wednesday, February 3, 2021. For call-in details, see separate press release issued on January 27, 2021 at vef.vc
Visit VEF’s IR page for our financial reports and other information: vef.vc/investors