Investor AB Achieves Strong Performance and Sustainability Milestones in 2023

Investor AB Achieves Strong Performance and Sustainability Milestones in 2023

(IN BRIEF) Investor AB, in its recently published 2023 Annual Report, highlights its robust performance and commitment to sustainability amidst a challenging macro environment. Despite this, Investor delivered on its strategic priorities, including achieving a total shareholder return of 26 percent, outperforming the Swedish stock market for the thirteenth consecutive year. Key accomplishments include significant growth in adjusted net asset value, surpassing SEK 800 billion for the first time, and a 9 percent increase in dividends per share. Moreover, Investor made substantial progress towards its ESG targets, with a notable 65 percent reduction in CO2e emissions compared to 2016 levels. Chair of the Board Jacob Wallenberg and CEO Johan Forssell emphasized the importance of future-proofing their companies through sustainability, innovation, and strategic initiatives to maintain competitiveness in an evolving landscape.

(PRESS RELEASE) STOCKHOLM, 27-Mar-2024 — /EuropaWire/ — Investor AB has published its 2023 Annual Report including the Sustainability Report, on www.investorab.com.

Despite a challenging macro environment, Investor performed strongly and delivered on the strategy during 2023.

Investor’s ultimate target is to generate an attractive total shareholder return. In 2023 total shareholder return was 26 percent, compared to 19 percent for the SIXRX return index. This was the thirteenth straight year that Investor outperformed the Swedish stock market.

2023 delivery on the strategic priorities:

• Grow our net asset value: Adjusted net asset value grew by 24 percent, exceeding SEK 800bn for the first time.
• Pay a steadily rising dividend: The Board of Directors proposes a dividend of SEK 4.80 (4.40) per share, an increase of 9 percent.
• Deliver on our ESG targets: Continued progress, CO2e-emissions from our companies decreased by 65 percent compared to baseline year 2016.

In the Annual report, Chair of the Board Jacob Wallenberg and CEO Johan Forssell comment on the complex and unpredictable world, Investor’s performance and the work to future-proof Investor and the portfolio.

“Our companies have been able to adjust to the green transition and how it is fundamentally changing society, in everything from how we produce energy, to how we manufacture and how we consume. By thinking ahead, these companies have been able to gain new, stronger market shares and positions”, says Jacob Wallenberg.

“We have taken big leaps when it comes to future-proofing our companies through strategic initiatives, while never compromising on efficiency. For us, future proofing is about driving sustainability, embracing innovation and new technology, including AI, bringing forward competitive solutions, and building strong customer relationships”, says Johan Forssell.

Read more in our Annual report 2023 on www.investorab.com.

Our press releases can be accessed at www.investorab.com

Investor AB, founded by the Wallenberg family in 1916, creates value for people and society by building strong and sustainable companies. Through substantial ownership and board participation, we drive initiatives that we believe create value and support our companies to remain or become best-in-class. Our portfolio is organized in three business areas: Listed Companies, Patricia Industries and Investments in EQT.

Media Contacts:

Jacob Lund
Chief Communications & Sustainability Officer,
Phone +46 725 60 21 57
jacob.lund@investorab.com

Magnus Dalhammar
Head of Investor Relations,
Phone +46 73 524 2130
magnus.dalhammar@investorab.com

SOURCE: Investor AB