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VNV Global Q1: Small changes in NAV q/q - SEB

Company assessed NAV came in at USD 667m (0% change q/q in dollar terms) and the reported NAV per share is at SEK 54 (+6% q/q). The quarter-end net debt is at USD 64m (Q4/23: USD 110m). The share for VNV is up by 13% YTD and thus the discount to reported NAV per share has slightly decreased to 56% in Q1/24 from 59% in Q4/23. The largest fair value changes are a positive revaluation of BlaBlaCar and a negative revaluation of Voi in Q1/24.

Company assessed NAV came in at USD 667m (0% change q/q in dollar terms) and the reported NAV per share is at SEK 54 (+6% q/q). The quarter-end net debt is at USD 64m (Q4/23: USD 110m). The share for VNV is up by 13% YTD and thus the discount to reported NAV per share has slightly decreased to 56% in Q1/24 from 59% in Q4/23. The largest fair value changes are a positive revaluation of BlaBlaCar and a negative revaluation of Voi in Q1/24.
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