Year-end report, 2010

2011-02-07

A better year than expected for the automotive industry

Significant events in the fourth quarter

  • The net result for the quarter was SEK -32.0 (0.6) million, which was affected by an unrealized decline in the market value of fixed income funds. The result excludes unrealized surplus values in mutual funds of SEK 27.6 million
  • Profit after tax for the year amounted to SEK 4.5 (8.2) million Cash flow for the quarter was SEK 15.2 (-1.0) million, of which investments in portfolio companies represented an outflow of SEK 10.1 (43.9) million including directly attributable costs
  • At the end of the quarter cash and bank balances and investments in securities amounted to SEK 2,729 (2,965) million
  • Fouriertransform made a new SEK 9 million investment in Applied Nano Surfaces Sweden AB in Uppsala, and since its start in 2009 has approved investments totaling SEK 356 million in ten companies
  • Fouriertransform decided to form a new company, Vicura AB, with the management of Saab Automobile’s transmissions development department
  • A further three staff with experience in venture capital were recruited, giving Fouriertransform a total headcount of ten