Kinnevik AB (KINV_B) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome, everyone. Also from my side, thank you for joining. My name is Ruben. I'm interim CEO at Chinovic since about four weeks. This is my first earnings call, and so far I'm enjoying the work with the team. It has been very busy weeks, so there is a lot to talk about, and I would suggest we get started right away. I will be presenting today together with our CFO, Samuel, who you all will know quite well. Just to briefly go through the agenda, I will start with some reflections on our priorities and actions over the last weeks. And then Samuel will talk about the investee operational development, our NAV capital allocation, and then we'll have time for Q&A. So maybe to start out with a very simple question, which is why are we here? What's the purpose of Cinevic? And in my mind, there is a simple answer to that question, which is that our purpose is to be good stewards of our shareholders' capital and then generating attractive returns while taking appropriate levels of risk. There are probably also other more ambitious answers to that question, but I like this as a starting point for what we want to talk about today. And then, of course, I also want to mention that Chinovic obviously has a long history of living up to that promise and doing exactly this. But what do we need to be good stewards of our shareholders' capital also in the future? I think we need a culture that is focused on joint achievement and on performance. We obviously need that within our own team at Chinovic, but we also need that as an expectation towards our portfolio companies. In this context, I think it's important to strive for values like true ownership, so I want everybody on the team to act like an owner. Accountability, I want everybody to feel accountable for the outcomes that we gen...