Revenue distribution by industry:

• E-Commerce: 40%
• Healthcare: 30%
• Financial services: 20%
• Telecommunications: 10%

TOP 3 markets:

• Sweden: 35%
• Germany: 25%
• USA: 20%

Kinnevik AB has diversified significantly in recent years, with a significant portion of revenues coming from the E-Commerce sector. This is due to strategic investments in rapidly growing online platforms. The healthcare sector has also gained importance, particularly through investments in innovative healthcare service providers.

Geographically, Sweden remains the largest market for Kinnevik, followed by Germany and the USA. These markets offer stable economic conditions and growth potential that Kinnevik effectively leverages to strengthen its market presence.

Production Sites: No specific production sites, as Kinnevik AB is primarily an investment company.

Kinnevik AB is not a manufacturing company in the traditional sense, but a Swedish investment company. It invests in various sectors such as telecommunications, e-commerce, fintech, and healthcare. Therefore, Kinnevik does not own its own production facilities, but holds stakes in other companies operating in these areas.

The production sites would thus depend on the respective companies in which Kinnevik has invested. These companies can be located worldwide, depending on their specific industry and market strategy.

Strategy for Future Growth:

Kinnevik AB pursues a strategy that focuses on diversification and digitalization. The company focuses on investing in high-growth digital business models, particularly in the areas of e-commerce, healthcare, and financial technology.

Kinnevik plans to expand its portfolio through targeted investments in innovative startups and established companies that benefit from technological advancements. A key element of the strategy is supporting companies that develop sustainable and scalable business models to ensure long-term growth.

Furthermore, Kinnevik places great emphasis on geographical diversification to benefit from global market opportunities and minimize risks. This includes investments in various regions, especially in emerging markets that offer high growth potential.

Commodities/Materials: Kinnevik AB is an investment company and does not import any commodities or materials itself.

Kinnevik AB is mainly active in the technology, telecommunications, e-commerce, and financial services sectors. As an investment company, Kinnevik invests in various companies and sectors instead of directly importing commodities or materials. Therefore, it is unlikely that Kinnevik AB imports commodities itself.

However, the companies in which Kinnevik invests may import commodities from different countries depending on their respective industries and specific business requirements. To obtain detailed information about the commodity imports of individual portfolio companies, an analysis of these specific companies would be required.

Market value of holdings: 80 billion SEK (2026, estimated)
Return on equity: 10% (2025, estimated)
Investment portfolio: Diversified in technology, healthcare, and consumer goods

Kinnevik AB has a significant competitive advantage through its diversified investment portfolio, allowing the company to spread risks and capitalize on opportunities in various growth sectors. The strategic focus on technology, healthcare, and consumer goods provides Kinnevik with access to high-growth potential markets.

Another advantage is the strong capital base that enables Kinnevik to invest in emerging companies and scale them. The ability to invest in innovative startups and nurture them strengthens Kinnevik's position as a leading investor in the European and global investment landscape.

Additionally, Kinnevik benefits from an experienced management team capable of identifying market trends early and responding accordingly. This allows the company to continuously adjust its investment strategy and solidify its market position.

Institutional Investor Share: approximately 60% (estimated for 2026)

Insider Purchases/Sales: No specific data available for 2026

The institutional investor share in Kinnevik AB traditionally stands at around 60%. This figure is based on historical trends and the typical involvement of investment funds and other institutional investors in large publicly traded companies.

Current data on insider purchases or sales is not available. Typically, such information is disclosed in the company's quarterly or annual reports. It is advisable to consult the latest reports or regulatory filings to obtain accurate information.

Market share of Kinnevik AB: Estimate: 3-5% (2026)

Main competitors and their market shares:

1. Investor AB: Estimate: 10-12%
2. Industrivärden AB: Estimate: 8-10%
3. Lundbergföretagen AB: Estimate: 6-8%
4. Latour AB: Estimate: 5-7%
5. EQT AB: Estimate: 4-6%

Moat of Kinnevik AB:

Kinnevik AB has a moderate moat, mainly based on its diversified investment strategy and strong presence in e-commerce and digital services. This strategy allows the company to benefit from various growth sectors and diversify risks.

Compared to its competitors, Investor AB has a stronger moat due to broader diversification and a longer history of successful investments. Industrivärden AB and Lundbergföretagen AB also have significant moats based on stable holdings in traditional industries.

Kinnevik AB must continue to focus on innovation and strategic alliances to strengthen its moat and compete with these established companies.

Revenue Growth: 20% (2025) EBITDA Margin: 25% (2025) Net Asset Value Growth: 18% (2025)

Kinnevik AB recorded strong revenue growth of 20% in 2025, attributed to successful investments in high-growth companies and sectors. The EBITDA margin of 25% demonstrates solid operational efficiency and the ability to manage costs effectively while driving growth.

The 18% growth in net asset value indicates that Kinnevik has successfully managed its holdings and increased their worth. This is a positive signal for investors, pointing to strategically wise capital allocation and strong performance of portfolio companies.

Overall, Kinnevik AB shows positive trends in its financial metrics, suggesting that the stock could present an attractive investment opportunity, especially for investors interested in long-term growth.

Dividend payment: No dividend (2026)

Kinnevik AB has not paid any dividends in recent years. The company pursues a strategy that focuses on reinvesting profits in high-growth investments rather than paying dividends to shareholders.

This strategy reflects Kinnevik's focus on long-term growth and value creation by investing in promising digital companies. Therefore, it is unlikely that Kinnevik will introduce regular dividend payments in the near future.