Annual Report 2015/16

Company announcement no 2 2016/17
Copenhagen, 28 April 2016



Annual Report for the financial year 2015/16
Profit for the financial year 2015/16 came to DKK 102.4m. Equity stood at DKK 620m, corresponding to a book value per share of DKK 14,299.

The Board of Directors of Scandinavian Private Equity A/S (SPEAS) has today considered and approved the Company’s Annual Report for the financial year 2015/16, which ended on 31 January 2016. The Annual Report contains the following highlights:

  • SPEAS recorded a profit of DKK 102.4m for the financial year 2015/16.
  • Investments in private equity funds generated a return of DKK 108.8m.
  • Investments in private equity funds amount to DKK 588m, or 95% of net assets.
  • During the financial year, SPEAS contributed DKK 31m to the private equity funds in accordance with the investment commitments made.
  • In the same period, the Company received DKK 303m as proceeds from exits, recapitalisations etc.
  • A total dividend of DKK 6,000 per share was distributed during the financial year, corresponding to a total dividend of DKK 260m.
  • The Board of Directors recommends a dividend distribution of DKK 1,500 per share of a nominal value of DKK 10,000.
  • Equity stood at DKK 620m at 31 January 2016, equal to a book value per share of DKK 14,299.
  • Return on equity was 14.3% in the financial year.
  • Given the Company’s current asset allocation, the Company’s return expectations are equivalent to a long-term return on equity of 8-9% pa. The results for the year will depend on the development in financial markets.

For further information, please contact:
Ole Mikkelsen, CEO, tel +45 70 25 10 55, mobile +45 30 66 96 30

Annual Report 2015-16
Key figures 2015-16