Core investments bolster Investor growth

The Wallenberg family's investment firm Investor saw its net asset value surge to 182.6 billion kronor (27.4 billion dollars) in the first half of 2007, representing growth after dividends of 17 percent since the beginning of the year.

Net income in the first half of 2007 was 26,7 billion kronor, up from 9 billion kronor in the same period last year.

The company’s core investments contributed over 20 billion kronor to net income. ABB, Scania and Atlas Copco were the main drivers, adding 5.7 billion kronor, 5.5 billion kronor and 4.2 billion kronor respectively.

Mobile operator Tre Skandinavien, in which Investor is a part owner, showed good growth in both Sweden and Denmark increasing its subscriber base in the first half of 2007 by 135,000 to 806,000. Earlier in the year Investor pumped another half a billion kronor into Tre, bringing its total investment in the mobile operator to 4.5 billion kronor.