Investment AB Kinnevik was established in 1936 as an investment company. It has the second largest holdings of Swedish investment companies based on currency value behind Investor AB. At the end of 2004 the market value of the Group´s holdings of listed securities amounted to SEK 21,898 million ($3 billion) at 31 December 2004. Accordingly, market value was SEK 5,581 million higher than book value on the same date (press release).

Quick facts

• Performance - Since 1976, Kinnevik’s shares have generated an average effective yield of almost 17 per cent per year through higher share prices and dividends, as well as the value of the offer to subscribe for shares.
• Market value of the Group´s holdings of listed securities: SEK 21,898 million ($3 billion) at 31 December 2004.
• Book value (balance sheet shareholders' equity) of unlisted holdings: SEK 5,312 million (including "interest bearing net debt"?) (Annual Report 2004).

Consolidated financial statements (December 31 2004 (SEK million))

• Total shareholders’ equity: 14,461

Operating companies

• Korsnäs Holding AB
• Invik & Co. AB - Include four wholly owned subsidiaries – Banque Invik, Fischer Partners, Moderna Försäkringar and Invik Kapitalförvaltning.
• Mellersta Sveriges Lantbruks AB (MSLA)
• Other - Förvaltnings AB Eris & Co

Listed holdings

In order of size

• Tele2 AB
• Millicom International Cellular S.A.
• Metro International
• Modern Times Group MTG AB

See also

Other investment companies

• Berkshire Hathaway
• Investor AB
• Liberty Media Corporation

External links

Company websites

• Kinnevik
• Kinnevik - Kinnevik in brief