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Kostefos had a profit after tax of NOK 1.516 billion, NOK 934 million better than in 2020. Revenues rose from NOK 12.5 billion to almost NOK 18.2 billion in the same period.
Christen Sveaas withdrew NOK 10.6 million in dividends from Kistefos.
Sveaas can especially thank its investments in the shipping company Western Bulk and Advanzia Bank, both of which paid chubby dividends. Kistefos was also able to book a total of NOK 334 million in gains on the sale of the software company Aspit and Prisguiden.
Kistefos also highlights Viking Supply Ships, which has succeeded in reducing the deficit from 191 to 118 million Swedish kroner from 2020 to 2021.
Sveaas also records a financial gain of NOK 416 million for last year, and in 2021 the company invested more than half a billion kroner in existing and new portfolio companies.
At the end of 2021, Kostefos invested in assets worth NOK 38.2 billion, up 11 per cent from the previous year.
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Free liquidity was NOK 1.4 billion, slightly down from the previous year. Book equity was NOK 3.41 billion, up from NOK 3.24 billion the year before. But the company considers that the group has significant surplus values in addition to book values.
Long-term debt is NOK 9.4 billion, while short-term debt is NOK 25.45 billion. Most of the debt is deposits from customers in Advanzia Bank, where Kistefos owns 60.3 per cent.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases using a link, which leads directly to our pages. Copying or other use of all or part of the content may only take place with written permission or as permitted by law. For additional terms look here.
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