trending Market Intelligence /marketintelligence/en/news-insights/trending/PulzZEsGaavnKtmk1iMCQA2 content esgSubNav
In This List

Investor AB profit beats consensus in Q1

Video

S&P Capital IQ Pro | Powering Your Edge

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Gaining a Competitive Advantage with ESG Data for Student-Managed Investment Funds


Investor AB profit beats consensus in Q1

Investor AB said its normalized net income for the first quarter came to 28.10 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 1.53 kronor per share.

EPS increased 178.9% year over year from 10.07 kronor.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 21.45 billion kronor, a gain of 179.2% from 7.68 billion kronor in the prior-year period.

The normalized profit margin climbed to 54.2% from 44.6% in the year-earlier period.

Total revenue climbed on an annual basis to 39.61 billion kronor from 17.21 billion kronor, and total operating expenses grew 11.5% to 5.08 billion kronor from 4.56 billion kronor.

Reported net income grew 180.1% from the prior-year period to 34.01 billion kronor, or 44.55 kronor per share, from 12.14 billion kronor, or 15.92 kronor per share.

As of April 21, US$1 was equivalent to 8.65 Swedish kronor.