Kinnevik AB (KINV_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Shenevic First Quarter Report 2025 conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be the question and answer session. To ask a question during the session, you need to press star 11 on your telephone keypad. You will then hear an automatic message advising your hand is raised. To withdraw a question, please press star 11 again. Please be advised that this conference is being recorded. I would now like to hand the conference over to our first speaker today, Georgi Ganev, CEO. Please go ahead. Thank you, and good morning, everyone. Welcome to the presentation of Kinevix Result for the first quarter of 2025. I'm Georgi Ganev, Kinevix CEO, and with me today is our CFO, Samuel Sjöström, and our Director of Corporate Communications, Trond Lutzen. On today's call, we will walk you through the key events during the quarter. Samuel will then cover our financial position, capital allocation, and net asset value. Finally, I will go through our outlook and priorities for 2025. And as usual, we will end with a Q&A. But before we head into the presentation, I would like to say a few words about the uncertainty that has shaken financial markets in recent weeks. While we are accustomed to both micro and macro uncertainty, This time, it stems from an unprecedented threat to the global trade system. It's hard to predict the near and long-term implications for our portfolio companies. They are, on one hand, not directly impacted by tariffs or global trade flows. However, on the other hand, if the current market uncertainty develops into a broad-based economic slowdown and prolonged weakness in consumer spending and investor sentiment, that could, of course, have...