SWEDEN - Ledstiernan defies market and delivers positive result

The result is partly due to the sale of Millenium Media Group earlier this year, giving the parent company cash holdings of SEK 105m. Additionally, all major portfolio companies have shown positive operating results.

Yet, Ledstiernan has chosen to write down the book value of shares in Ledstiernan Venture AB by SEK 19m in Q3 due to weakening market outlook in the short term for some portfolio companies.

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