–    Net asset value: SEK 6.69 bn
–    NAV per share: SEK 51.08
–    NAV change, period (in SEK): -8.25%
–    NAV change, quarter (in SEK): -13.46%
 
Net asset value (NAV) and financial results for the twelve-month period 2023

The VNV Global AB (publ) (“VNV Global”) group’s net asset value was USD 666.29 million (mln) on December 31, 2023 (December 31, 2022: 613.43), corresponding to USD 5.09 per share (December 31, 2022: 5.34). Given a SEK/USD exchange rate of 10.0416 the NAV was SEK 6,690.60 mln (December 31, 2022: 6,396.45) and SEK 51.08 per share (December 31, 2022: 55.68), respectively.

The group’s NAV per share in USD decreased by -4.73% and in SEK decreased by -8.25% during the period. Adjusted for the rights issue in 2Q23, the group’s NAV per share in USD increased by 3.76% and in SEK decreased by -0.08% during the period.

Net result for the period was USD 22.43 mln (January 1, 2022–December 31, 2022: -782.00), mainly derived from positive revaluation of BlaBlaCar and negative revaluation of Gett.

Earnings per share were USD 0.18 (-6.80).

Financial results for the fourth quarter 2023

During the quarter, the NAV per share in USD decreased by -6.18% and in SEK decreased by -13.46%.

Net result for the quarter was USD -44.29 mln (-77.29).

Earnings per share were USD -0.34 (-0.67).

Key events during the quarter October 1, 2023–December 31, 2023

Investments: No significant investments were made during the quarter.

Bond loan 2021/2024: During the fourth quarter 2023, VNV Global repurchased bonds for a nominal amount of SEK 50 mln at a price close to par, in order to retire a portion of its existing bond indebtedness. The total nominal amount outstanding of the 2021/2024 bonds amounts to SEK 308.8 mln.

Changes to Group Management: During the fourth quarter, Björn von Sivers was appointed Senior Investment Director and CFO, effective December 1, 2023 and Elise Kielos was appointed General Counsel effective December 1, 2023.

New number of shares: During the fourth quarter 2023, VNV Global issued a total of 1,710,000 Class C-2023 shares and 1,710,000 Class D-2023 shares under the Company’s long-term Incentive program 2023 adopted at the Annual General Meeting on May 4, 2023 and redeemed a total of 4,148,684 Class C shares issued under the Company’s long-term share incentive programs for 2019–2022.

Key events after the end of the period

No significant events after the period.
 
The Company will hold a telephone conference with an interactive presentation at 17:00 CET (11:00 a.m. ET) Tuesday, January 23, 2024. To register for the conference call and webcast, see separate press release issued Wednesday, January 17, 2024, at www.vnv.global.