VNV Global AB
VNV
ISIN SE0014428835 / Valor 55646195
VNV Global AB
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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 (23.05.2024):
Net Asset Value Update
As of September 30, 2023, VNV Global AB reported a net asset value (NAV) of USD 710.17 million, which translates to USD 5.42 per share. This reflects a significant increase from December 31, 2022, when the NAV was USD 613.43 million or USD 5.34 per share. The NAV per share in SEK increased by 13.22% during the nine-month period of 2023.
Quarterly Financial Performance
For the third quarter of 2023, VNV Global AB experienced a net result of USD -15.30 million, a decrease compared to the same quarter in the previous year, which saw a net result of USD -158.69 million. Earnings per share for this quarter were USD -0.12, compared to USD -1.38 in the third quarter of 2022.
Investment Activities
During the third quarter of 2023, VNV Global AB actively invested USD 1.3 million in financial assets, excluding liquidity management investments. This period also saw the company repurchasing bonds for a nominal amount of SEK 141.3 million at prices close to par, aiming to reduce its existing bond indebtedness.
Strategic Developments
In July 2023, VNV Global AB's portfolio company, Voi Technology, successfully won the scooter tender in London, with services commencing in September 2023. Additionally, VNV Global held its Capital Markets Day on September 19, 2023, at the offices of BlaBlaCar in Paris, highlighting strategic insights and future plans.
Post-Quarter Events and Outlook
Following the end of the third quarter, VNV Global AB continued its strategy to optimize its bond portfolio by purchasing an additional SEK 25 million worth of bonds. The company has scheduled a telephone conference on October 19, 2023, to discuss these results and provide further updates on its strategic direction and operational focus.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
211 M
Market cap (USD)
115,301
Daily traded volume (Shares)
17.94 / 17.26
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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