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SENASTE
Q4 NAV increased by 1% q/q in USD terms and 10% q/q in SEK terms. The underlying performance of the portfolio companies also shows signs of improvement, with Voi reaching EBIT break-even in 2024 and 81% of VNV’s investment portfolio value being EBITDA positive at the end of 2024 (FY/23: 58%). With the share price discount at 54% to Q4 NAV, we continue to see positive triggers ahead and await VNV closing the sale of Gett during Q1/25.
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