Degroof Petercam starts Kinnevik at 'hold' until it sees NAV growth

About this update from Kinnevik Ab Class A

** Degroof Petercam initiates coverage of Kinnevik OMXSTO:KINV_A with a "hold" rating, saying that return to net asset value (NAV) growth is key to unlock discount for the Swedish investment company ** The broker says that Kinnevik could return to NAV growth by the end of the year, after fours years of decline** It expects the company's portfolio, focused on sectors such as health and bio, software and climate tech, to grow its revenue by more than 40% for 2025** Still, it notes that the "big value crystallization" for Kinnevik will come from the three IPOs it has in the pipeline but due to U.S. President Donald Trump's volatility the deals have likely been shelved until end of 2025 and H1 2026

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