Interim report Q1, 2012

2012-04-19

Retaining technical expertise following the SAAB bankruptcy

Significant events in the first quarter

  • The net result for the quarter was SEK 3.6 million (-44.9) excluding unrealized gains on investments in securities of SEK 42.2 million
  • The result was affected primarily by a SEK 28.8 million reversal of a write-down in the net asset value of mutual funds, as well as the write-off of the remaining carrying amount of the portfolio company Effpower AB in the amount of SEK -15.0 million
  • The total cash flow was SEK -56.2 million (-48.7) of which investments in portfolio companies accounted for SEK -47.7 million (-43.0) including directly attributable costs
  • At the end of the quarter, cash and bank balances and investments in securities amounted to SEK 2,576 million (2,689)
  • In January Fouriertransform approved an investment of SEK 1.6 million in LeanNova Engineering of Trollhättan
  • Since the start of operations in 2009, Fouriertransform has approved investments of SEK 491 million in fourteen companies in the Swedish automotive cluster