Traction (TRAC) investor relations material

Executive summary

• Net income for Q4 was 157 Mkr, up from 123 Mkr year-over-year; full-year net income was 195 Mkr, down from 477 Mkr the previous year.

• Substansvärde (net asset value) per share increased by 4% in Q4 and 5% for the full year, adjusted for dividends.

• Financial placements, especially in listed equities, drove strong results, while active holdings and unlisted investments had mixed impacts.

• Major divestment of OEM International shares for 401 Mkr; proceeds partly reinvested in other listed equities.

• Board proposes a dividend of 8.30 kr per share, totaling 123 Mkr.

Financial highlights

• Q4 earnings per share: 10.6 kr (up from 8.3 kr); full-year EPS: 13.2 kr (down from 32.2 kr).

• Q4 return on active listed holdings: 3% (prior year: -6%); full-year: -4% (prior year: -2%).

• Return on other listed equities: Q4 7%, full-year 16%; Stockholm stock exchange (SBX) rose 7% in Q4 and 14% for the year.

• Net asset value per share at year-end: 291 kr (287 kr prior year).

• Equity at year-end: 4,309 Mkr; cash and equivalents: 753 Mkr.

Outlook and guidance

• Increased focus on growth-oriented structural transactions and capacity for new investments.

• Strengthened organization with new hires and leadership changes in key holdings.