VNV Global AB
VNV
ISIN SE0014428835 / Valor 55646195
VNV Global AB
UMushroom community rating:
About company
VNV Global AB is an investment company with a broad focus on innovative technology-driven businesses worldwide. With operational teams based in Stockholm and Cyprus, VNV Global is publicly traded on the NASDAQ Stockholm, under the ticker VNV, within the Mid Cap segment. The company has a history of over two decades in investing in what it identifies as the world's most innovative companies, particularly emphasizing those that demonstrate strong network effects. VNV Global's investment strategy is characterized by its stage-agnostic approach, allowing it to support mission-driven entrepreneurs across various development phases. The firm's investment portfolio historically gravitates towards sectors such as Marketplaces, Mobility, and Health & Wellness, although it remains open to exploring new areas that promise to solve significant real-world problems through technology. VNV Global positions itself as providing patient capital to scalable tech companies, offering not just financial resources but also the commitment and expertise necessary to nurture these businesses into profitable and sustainable entities.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (21.12.2025):
VNV Global AB — Fourth quarter 2024 (Q4 2024): The group reported a year-end net asset value (NAV) of USD 581.39 million (USD 4.44 per share) as of 31 December 2024, with NAV in SEK of SEK 6,394.24 million (SEK 48.82 per share). Quarterly net result was USD 6.80 million (EPS USD 0.05), while the full-year net result was USD -85.14 million (EPS USD -0.65), driven mainly by portfolio revaluations.
NAV and per‑share metrics
NAV (31 Dec 2024): USD 581.39m (USD 4.44/share). NAV in SEK (SEK/USD 10.9982): SEK 6,394.24m (SEK 48.82/share). NAV change YoY: -12.74% in USD and -4.43% in SEK. NAV increased slightly q/q (USD NAV/share up ~1.2%; SEK up ~10.2% for the quarter).
Quarter and full‑year P&L
Q4 2024 net result: USD 6.80m (vs -44.29m in Q4 2023). FY 2024 net result: USD -85.14m (vs USD 22.43m in 2023). The FY loss largely reflects negative fair‑value changes in several holdings (see below); quarterly performance benefited from positive revaluations in Voi and Numan offsetting BlaBlaCar weakness.
Key portfolio drivers
Main value contributors at 31/12/2024: BlaBlaCar (USD 208.5m, -25% value change in 2024), Voi (USD 101.2m), Gett (USD 83.1m), Numan (USD 45.5m) and HousingAnywhere (USD 42.8m). Negative revaluations in BlaBlaCar, Gett and HousingAnywhere were the primary FY drag; Numan and Voi had positive revaluations.
Gett sale and transaction timing
VNV has signed to divest Gett to Pango Pay & Go Ltd for total consideration of ~USD 83m (approx. USD 70m at closing, remainder in escrow/earn‑out). Closing is subject to Israeli Competition Authority approval and is expected in Q1 2025 (per company update).
Funding, bonds and capital structure
During 2024 VNV issued a new 3‑year senior unsecured bond (SEK 850m within a SEK 1,250m framework) and redeemed the outstanding 2022/2025 bond (early redemption occurred). Group borrowings were USD 77.04m (booked as -77,042 USD thousands).
Liquidity and cash flow
Cash and cash equivalents at 31/12/2024: USD 15.68m (vs USD 42.49m at 31/12/2023). Operating cash flow (12M 2024) benefited from sales proceeds (USD 66.4m) but overall cash for the period was negative (~USD -21.4m) driven by debt repayments (~USD -143.1m repayments included).
Management priorities and outlook
Management emphasises debt reduction, improving portfolio profitability and selective exits/dividends to enhance capital efficiency. The company highlighted awaiting Gett closing, continued focus on the top holdings (BlaBlaCar, Voi, etc.), and expects further portfolio stabilization in 2025.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
305 M
Market cap (USD)
104,454
Daily traded volume (Shares)
18.5 / 17.73
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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