Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Portfolio
  • Forum
  • Q&A
  • About Us
    • Our Coverage
    • Team
Regulatory press release

Kinnevik publishes Annual & Sustainability Report 2024

Kinnevik
Download the release

Kinnevik AB (publ) (“Kinnevik”) today published its Annual & Sustainability Report for 2024 on its website www.kinnevik.com.

“Coming out of 2024, Kinnevik now has a predominantly private portfolio invested in growth companies coupled with a strong cash position. While we have just over 20 larger investments, our priority in the past two years has been focusing our portfolio towards our most promising companies. As a result, our five high-performing core companies Spring Health, TravelPerk, Pleo, Cityblock and Mews now make up more than half of our portfolio, showing attractive returns as a group. We expect several of these businesses to remain Kinnevik companies for many years to come. Across 2024, our companies continued to show solid and substantial growth and significant margin improvements.”

Georgi Ganev, Kinnevik’s CEO

Highlights from the Annual Report 2024

  • Our core companies – Spring Health, TravelPerk, Pleo, Cityblock and Mews – grew revenues by more than 55% on average during 2024 with significant profitability improvements
  • As part of our focus on investing more in our most promising businesses and increasing portfolio concentration, we made several strategic follow-on investments in our existing portfolio. Mews, Spring Health and TravelPerk all raised new funding rounds at valuations above NAV
  • Portfolio concentration to core companies expanded from 29% to 53% during 2024 through active capital reallocation, operational performance, and growing valuations
  • We divested our full shareholding in Tele2 to iliad/NJJ for SEK 13bn, resulting in an extraordinary cash distribution of SEK 23 per share, or SEK 6.4bn in total, paid in June
  • Our Capital Markets Day in October outlined five-year expectations and highlighted our portfolio with presentations from the founders and CEOs of all our core companies

Highlights from the Sustainability Report 2024

  • We continued to actively support our portfolio companies to implement holistic and business-integrated sustainability strategies through hands-on advisory, workshops and best practice sharing
  • At the end of the year, 94% of the portfolio had a relevant diversity, equity and inclusion strategy in place, 91% had set targets and the average share of women in the portfolio companies’ management teams was 37%
  • Greenhouse gas emissions from Kinnevik’s operations decreased by 22% between 2019 and 2024. Our target is to decrease emissions by 50% by 2030
  • Purchased over 2,800 tCO2e carbon removals from or portfolio companies Agreena and Charm Industrial

This information is information that Kinnevik AB (publ) is obliged to make public pursuant to the Securities Markets Act (Sw. lagen (2007:528) om värdepappersmarknaden). The information was submitted for publication, through the agency of the contact person set out below, at 2025-04-08 11:00 CEST.

For further information, visit www.kinnevik.com or contact:


Torun Litzén, Director Investor Relations
Phone +46 (0)70 762 00 50
Email press@kinnevik.com

Kinnevik’s ambition is to be Europe’s leading listed growth investor. We back the best digital companies for a reimagined everyday and to deliver significant returns. We understand complex and fast-changing consumer behaviours, and have a strong and expanding portfolio in healthcare, software, marketplaces and climate tech. As a long-term investor, we strongly believe that investing in sustainable business models and diverse teams will bring the greatest returns for shareholders. We back our companies at every stage of their journey and invest in Europe and the US. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik’s shares are listed on Nasdaq Stockholm’s list for large cap companies under the ticker codes KINV A and KINV B.

Attachments


Kinnevik Annual & Sustainability Report 2024

Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Portfolio
  • Forum
  • Q&A
  • About Us
    • Our Coverage
    • Team