Investor AB Publ Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 21, 2021 at 04:40 pm IST
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Investor AB publ announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was SEK 11,206 million compared to SEK 9,994 million a year ago. Operating income was SEK 7,188 million compared to SEK 34,806 million a year ago. Net income was SEK 7,653 million compared to SEK 33,724 million a year ago. For the full year, sales was SEK 39,323 million compared to SEK 42,239 million a year ago. Operating income was SEK 55,097 million compared to SEK 105,625 million a year ago. Net income was SEK 52,790 million compared to SEK 101,226 million a year ago.
Investor AB is a Sweden-based industrial holding company. Its operations are divided into three business segments: Listed Core Investments, EQT and Patricia Industries. The Listed Core Investments segment consists of listed holdings, which embrace ABB, AstraZeneca, Atlas Copco, Electrolux, Ericsson, Husqvarna, Nasdaq, Saab, SEB, Sobi and Wartsila. The EQT segment consists of the holdings in EQT private equity company. The Patricia Industries includes the wholly-owned subsidiaries, 3 Scandinavia and the former IGC portfolio, as well as all other financial investments, except EQT and the Companyâs trading portfolio. The wholly-owned subsidiaries include Aleris, BraunAbility, Laborie, Molnlycke, Permobil, The Grand Group and Vectura.