Interim report Q3, 2012

2012-10-24

Many investment applications but decisions on hold.

Significant events in the third quarter

  • The net result for the quarter was SEK 22.4 million (-73.1) excluding unrealized gains in investments in securities of SEK 12.3 million
  • The result was mainly affected by the reversal of write-downs of mutual fund holdings of SEK 15.6 million and capital gains of SEK 11.6 million from the sale of fixed income fund holdings
  • Total cash flow was SEK -27.3 million (-68.3 million) of which investments in portfolio companies accounted for SEK -8.5 million (-55.7) including directly attributable costs
  • Cash and bank balances and investments in securities amounted to SEK 2,546 million (2,592) at the end of the quarter
  • During the quarter Fouriertransform conducted negotiations with a number of companies to explore the possibility of investing as a new shareholder
  • Representatives from Fouriertransform’s Board of Directors and the CEO participated in Almedal Week
  • Since the start of operations in 2009 Fouriertransform has approved investments totaling SEK 586 million in sixteen companies in the Swedish automotive cluster for a combined investment with syndication partners totaling SEK 1.8 billion