Year-end report, 2009

2010-02-15

  • Fouriertransform AB was founded following a decision by the Swedish Parliament in December 2008. The company's objectives are on profitable basis to strengthen the Swedish automotive industry. Fouriertransform is a venture capital company with shareholders' equity of SEK 3 billion. The company commenced its business activities in 2009.
  • The Board of Directors of Fouriertransform was elected at an Extraordinary General Meeting held on April 29, 2009. Lars-Olof Gustavsson, who is the Chairman of Four Seasons Venture Capital AB, was elected Chairman of the company.
  • Per Nordberg, Executive Vice President and CFO of Sandvik was appointed President of the company in October. He took office on 1 January 2010.
  • Fouriertransform's first investment was made in October 2009 when the company decided to invest a total of SEK 60 M in Powercell Sweden AB.
  • Profit for the year after tax amounted to SEK 8.3 M.
  • Total cash flow including investments amounted to SEK 2,966 M after receiving proceeds from a rights issue of SEK 3 billion.
  • Total cash and cash equivalents amounted to SEK 2,965 M at year-end 2009.