Traction (TRAC) Q3 2024 earnings summary

Executive summary

• Net profit after tax for Q3 was 11 Mkr, a significant improvement from -210 Mkr in Q3 2023, driven by strong financial placements and positive performance in unlisted holdings, despite losses in active listed holdings.

• For January–September, net profit after tax reached 354 Mkr, up from -25 Mkr year-over-year, with all segments contributing positively.

• Net asset value (NAV) per share increased by 9% to 279 kr, adjusted for dividends.

• After the reporting period, value changes in listed holdings amounted to 57 Mkr as of October 24, 2024.

Financial highlights

• Q3 result after tax: 11 Mkr (vs. -210 Mkr Q3 2023); EPS: 0.72 kr (vs. -14.20 kr).

• January–September result after tax: 354 Mkr (vs. -25 Mkr); EPS: 23.96 kr (vs. -1.71 kr).

• NAV per share: 279 kr (vs. 265 kr); NAV increased by 9% adjusted for dividend.

• Return on active listed holdings: -3% in Q3, +4% YTD; other listed shares: +1% in Q3, +20% YTD.

• Stockholm Stock Exchange (SBX) rose 4% in Q3 and 15% YTD.

Outlook and guidance

• No new material risks identified beyond those previously disclosed; continued focus on active, long-term ownership and diversified investments.