Financial position
- Net Asset Value (NAV) amounted to 318 637 KSEK, corresponding to
9.93 SEK per share, which represents a decrease of -0.7% per share for the quarter. - Net cash amounted to 19 369 KSEK, equivalent to 6% of NAV as of
June 30, 2023 .
The period April-
- Change in value of financial assets amounted to -233 KSEK (-23 040). The change in value includes an adjustment of the value of Instabee by -6 974 KSEK.
- Operating expenses amounted to 3 219 KSEK (1 498).
- Operating profit amounted to -3 452 KSEK (-24 538).
- The operating profit includes unrealized changes in value of -233 KSEK (-35 121).
- Profit after tax amounted to -2 993 KSEK (-23 132).
- Profit per share amounted to
-0.09 SEK (-0.72).
The period January-
- Change in value of financial assets amounted to -25 299 KSEK (-48 660). The change in value includes an adjustment of the value of Instabee by -31 523 KSEK.
- Operating expenses amounted to 4 842 KSEK (2 552).
- Operating profit amounted to -30 141 KSEK (-51 212).
- The operating profit includes unrealized changes in value of -18 072 KSEK (-60 740).
- Profit after tax amounted to -28 778 KSEK (-44 529).
- Profit per share amounted to
-0.90 SEK (-1.48).
Investments and divestments during the quarter
- During the quarter, the company made a new investment in OpenAI, the company behind the Chat-GPT platform. The investment amounted to 3 MUSD corresponding to 31 623 KSEK.
- In May, an additional investment was made in the existing portfolio company Getir, one of the world's leading logistics and technology companies offering hyper-fast deliveries. The investment amounted to 2 MUSD corresponding to 21 108 KSEK.
Other significant events during the quarter
- On
May 4, 2023 , Flat's Annual General Meeting decided to re-electSebastian Siemiatkowski ,Amaury de Poret , Charlotte Runius andMarcelo Carvalho de Andrade as members of the Board.Sebastian Siemiatkowski was re-elected as Chairman of the Board.
Other events after the end of the quarter
- No significant events have occurred after the end of the quarter.
This text has been translated using DeepL.
Link to the report on the website:
https://www.flatcapital.com/en/investor-relations/
For further information, please contact:
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Note: This is a non-official translation of the Swedish original text. In case of any discrepancies between the Swedish text and the English translation, the Swedish text shall prevail.
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