Loading...
Kinnevik Shares
[[ data.name ]]
[[ data.ticker ]]
[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)
Low: [[ data.low ]]
High: [[ data.high ]]
Overview
History
Operations
Overview
History
Operations
Founded in 1936 by the Stenbeck, Klingspor, and von Horn families, Kinnevik AB is a Swedish investment firm known for its active and long-term ownership approach. Primarily focusing on digital consumer businesses, Kinnevik has a portfolio exceeding 35 companies across Europe and the United States. With a strategic focus on four key sectors—healthcare (including value-based and virtual care), software, marketplaces, and climate technology—Kinnevik's largest holding is Tele2. Georgi Ganev currently serves as the company's CEO, appointed in 2018.
Kinnevik, established in 1936 by Robert von Horn, Wilhelm Klingspor, and Hugo Stenbeck, initially focused on investments in companies like Mellersta Sveriges Lantbruks AB, Lidköpings Konfektyr Industri AB, and Korsnäs Sågverks AB. The company's aggressive acquisition strategy, targeting Swedish industrial firms, fueled its rapid growth, including notable acquisitions of chocolate manufacturers Nordiska Suchard and Halmstads Järnverk.
Hugo Stenbeck gradually consolidated his control over the company, leading to changes in its ownership structure. Kinnevik went public in 1954, securing additional capital through a share issue. A few years later, the company acquired its first shares in Sandvikens Järnverk.
In the early 1960s, Hugo Stenbeck succeeded Wilhelm Klingspor as Kinnevik's chairman, with his eldest son, Hugo Stenbeck Jr, taking on the role of managing director. The company experienced a period of transition following the deaths of Hugo Stenbeck Jr in 1976 and Hugo Stenbeck Sr in 1977. Jan Hugo Stenbeck, Hugo Stenbeck Sr's younger son, joined the management team.
During the late 1970s, Kinnevik steadily increased its shareholding in Sandvik AB, expanding its stake in Fagersta AB, and acquiring a significant holding in the insurance company Atlantica. In 1980, the company acquired several automotive firms, consolidating them under the name Svenska Motor AB, which included the import and sales of Toyota vehicles.
The early 1980s saw Comvik AB's launch of a new mobile telephony system. After legal challenges with the state-owned Televerket, Comvik secured a favorable ruling from the Supreme Administrative Court. The company completed a satellite system for television distribution in 1985 and engaged in intense competition with state-owned monopolies in telecommunications, television, and radio. TV3 premiered its broadcast from London on New Year's Eve 1987, and Comvik received authorization to start a new mobile telephony network in 1989. Millicom International Cellular was established the following year.
Kinnevik's foray into radio broadcasting began in 1991. That same year, the company became the largest shareholder in the newly established TV4, with a 20 percent stake. The free newspaper Metro International launched in 1995, and its concept spread rapidly around the world.
Tele2 was founded in 1993 and listed on the Stockholm stock exchange in 1996. In 1995, MTG, previously a business area within Kinnevik (Kinnevik TV & Media), was incorporated as a subsidiary. MTG was spun off to shareholders in 1997 and listed in Stockholm and New York.
Following the death of Jan Hugo Stenbeck in 2002, Edvard von Horn became chairman, succeeded by Pehr G. Gyllenhammar in 2004. Cristina Stenbeck took over as chairman in 2007. In March 2016, Cristina Stenbeck announced her intention to step down as chairman, being replaced by Tom Boardman at the 2016 AGM. Cristina Stenbeck remains a board director of Kinnevik.
From 2005 to 2010, Kinnevik's portfolio shifted significantly, with increased ownership in Millicom and decreased holdings in forestry companies. During this period, the company began investing in internet businesses, particularly e-commerce companies. This trend intensified after 2010, with substantial investments in companies like Rocket Internet, Zalando, Avito, and Global Fashion Group.
In 2013, Kinnevik sold its remaining shares in BillerudKorsnäs. Kinnevik-backed companies Zalando and Rocket Internet held their Initial Public Offerings (IPOs) on the Frankfurt Stock Exchange in 2014. Avito was sold to the South African media conglomerate Naspers in October 2015, and Kinnevik divested its remaining stake in Rocket Internet in 2017.
Georgi Ganev assumed the role of CEO at Kinnevik in January 2018, while James Anderson became Chairman of the company at the 2021 Annual General Meeting.
Kinnevik voiced its support for the merger of Tele2 and Com Hem in 2018. That same year, they also distributed their shares in MTG among their shareholders. Additionally, Kinnevik expanded its investments in 2018, bolstering its holdings in Livongo and making new investments in Kolonial.no, Karma, BudBee, Pleo, Deposit Solutions, Cedar, and Monese.
In 2019, Kinnevik distributed its remaining Millicom shares to shareholders.
Seeking to realign its portfolio towards "younger, disruptive, and technology-enabled" growth and venture capital businesses, Kinnevik distributed its Zalando shares to its shareholders in 2021.
Kinnevik divested its remaining shares in Teladoc in 2023.
As of March 31, 2023, Kinnevik's Net Asset Value reached SEK 55.5 billion. The company's largest investments, in terms of value based on Kinnevik's ownership stake, are:
- Tele2: SEK 14 billion
- VillageMD: SEK 5 billion
- Pleo: SEK 3 billion
- Cityblock: SEK 3 billion
As of May 5, 2023, the following shareholders held the indicated percentages of capital and voting rights:
Company | Percent of Capital | Percent of Votes |
---|---|---|
Verdere S.À.R.L. | 4.07% | 19.1% |
Alces Maximus LLC | 2.42% | 11.57% |
CMS Sapere Aude Trust | 1.39% | 6.64% |
Wilhelm, Marie & Amelie Klingspor | 1.64% | 6.13% |
Baillie Gifford & Co | 11.42% | 5.48% |
Spiltan Funds | 6.49% | 3.11% |
AMF Pension & Funds | 2.42% | 5.04% |
Swap long | [[ data.swapLong ]] points |
---|---|
Swap short | [[ data.swapShort ]] points |
Spread min | [[ data.stats.minSpread ]] |
Spread avg | [[ data.stats.avgSpread ]] |
Min contract size | [[ data.minVolume ]] |
Min step size | [[ data.stepVolume ]] |
Commission and Swap | Commission and Swap |
Leverage | Leverage |
Trading Hours | Trading Hours |
* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Trade [[data.name]] with Skilling
All Hassle-free, with flexible trade sizes and with zero commissions!*
- Trade 24/5
- Minimum margin requirements
- No commission, only spread
- Fractional shares available
- Easy to use platform
*Other fees may apply.
FAQs
Are Kinnevik shares a good investment?
+ -Kinnevik's share price has been on a roller coaster ride in recent years, but the trend has been upward overall. However, Kinnevik's long-term track record is strong, and the company's exposure to the growing technology sector could make it a good choice for growth-oriented investors. Kinnevik is also paying a healthy dividend yield of 4.3%, which could make it attractive to income investors. Overall, Kinnevik is a risky but potentially rewarding investment.
Who owns most Kinnevik shares?
+ -Kinnevik's shares are widely held, with no single shareholder owning a controlling stake. The top 10 shareholders, which include Kinnevik's founders as well as institutional investors, own just over 50% of the company. This dispersed ownership structure makes Kinnevik less vulnerable to a takeover, and gives individual investors a chance to play a role in shaping the company's future.
Do Kinnevik shares pay dividends?
+ -
Kinnevik does not currently pay dividends on its shares. However, the company has a history of paying out special dividends to shareholders. For example, in 2017 Kinnevik paid out a special dividend of SEK 6.50 per share.
Kinnevik's board of directors will decide each year whether or not to pay a dividend, and if so, how much. Kinnevik has a long-term goal of paying out at least 50% of its net income as dividends. This means that Kinnevik is likely to start paying regular dividends in the future as the company continues to grow and generate more income. Kinnevik's dividend policy is therefore something that investors should keep an eye on.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.
CFDs
Equities
Capitalise on rising prices (go long)
Capitalise on falling prices (go short)
Trade with leverage
Hold larger positions than the cash you have at your disposal
Trade on volatility
No need to own the asset
No commissions
Just low spreads
Manage risk with in-platform tools
Ability to set take profit and stop loss levels