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VEF AB (publ)

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Tid*
2025-05-13 - Årsstämma
2025-01-22 08:00 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.
Year-End Report 2023
2024-01-24 08:00:00

Key events during the quarter

  • In 4Q23 our USD NAV increased 5% QoQ, ending 2023 up 16% YoY. Key NAV drivers continue to be improved portfolio company forecasts and outlook, combined with strengthening peer multiples, all driven by an improving macro and market outlook.
  • VEF successfully closed its second SEK 500 mln sustainability bond. The bond effectively rolled our previous issue, at improved terms, with a new duration set to December 2026. An important event that allowed us to de-risk duration matching of expected portfolio exits to our new bond maturity.
  • In November, we returned to a core tradition of hosting one of our board meetings in a focus investment geography - India. The mood on the ground was overwhelmingly positive, with a backdrop of political stability, underlying economic growth and buoyant capital markets, driven by both significant domestic and international capital flows.

Net asset value

  • NAV of VEF’s portfolio as at YE23 is USD 442.2 mln (YE22 381.8). NAV per share has increased by 16% to USD 0.42 (YE22: 0.37) per share during FY23.
  • In SEK, NAV equals 4,441 mln (YE22: 3,981). NAV per share has increased by 12% to SEK 4.26 (YE22: 3.82) per share during FY23.
  • Cash position, including liquidity investments, was USD 21.6 mln (YE22: 48.5) at the end of 2023.

Financial result

  • Net result for 4Q23 was USD 19.4 mln (4Q22: -61.5). Earnings per share were USD 0.02 (4Q22: -0.06).
  • Net result for FY23 was USD 60.1 mln (FY22: -377.4). Earnings per share were USD 0.06 (FY22: -0.36).

VEF CEO, David Nangle, comments:
“We finish 2023 on a positive footing. 4Q23 continued a 2023 trend of better, and incrementally more positive with each passing quarter. The 16% (USD 60.4 mln) growth in NAV in 2023 benefitted from strong macro and market level performance. At a portfolio level, growth remains robust and forecasts are bottoming out – in many cases we are starting to revise up estimates again.” 


Dec 31, 2021Dec 31, 2022Dec 31, 2023
Net asset value (USD mln)761.7381.8442.2
Net asset value (SEK mln)6,8853,9814,441
Net asset value per share (USD)0.730.370.42
Net asset value per share (SEK)6.613.824.26
VEF AB (publ) share price (SEK)6.052.451.84

Events after the end of the period
No significant events have taken place after the end of the period.

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

For further information please contact:

Kim Ståhl, CFO: +46 (0) 8-545 015 50

About Us

VEF AB (publ.) is an investment company whose Common Shares are listed in Sweden. We invest in growth stage private fintech companies, take minority stakes and are active investors with board representation in our portfolio companies, always looking to back the best entrepreneurs in each market. We focus on scale emerging markets and invest across all areas of financial services inclusive of payments, credit, mobile money and wealth advisors. VEF trades in Sweden on Nasdaq Stockholm's Main Market under the ticker VEFAB. For more information on VEF, please visit http://www.vef.vc.

This information is information that VEF AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-01-24 08:00 CET.

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Vef 4q23 Eng

Källa MFN
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