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Kinnevik (STO:KINVB) Financial results for the third quarter
* The market value of the Group's securities in Major Listed Holdings amounted to SEK 30,606 million on 30 September, a decrease of SEK 12,642 million corresponding to 29% since 30 June 2008. * Korsnäs' revenue amounted to SEK 1,768 million (1,769) and operating profit was SEK 219 million (318). * The Group's total revenue amounted to SEK 1,851 million (1,806) and operating profit was SEK 211 million (314). * Result after financial items, including changes in fair value of financial assets, amounted to a loss of SEK 13,120 million (profit of 52). * The loss per share was SEK 49.83 (loss of 0.04).
Events during the third quarter
* A share buy-back programme was implemented on 8 September. A maximum of 3,500,000 Class A- and Class B- shares may be repurchased for a maximum consideration of SEK 300 million between 8 September and 30 November 2008. * On 30 September the number of shares bought back amounted to 1,967,800 Class B shares at an average price of SEK 88.20, totaling SEK 174 million.
Financial results for the first nine months of the year
* The market value of the Group's securities in Major Listed Holdings decreased by SEK 18,456*) million corresponding to 36% *). * Korsnäs' revenue amounted to SEK 5,728 million (5,698) and operating profit was SEK 567 million (825). * The Group's total revenue amounted to SEK 5,923 million (5,800) and operating profit was SEK 578 million (885). * Result after financial items, including changes in fair value of financial assets, amounted to a loss of SEK 18,902 million (profit of 9,666). * The loss per share was SEK 71.84 (profit of 36.09). *) Including dividends received.
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