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Industrivärden (INDU) investor relations material
Industrivärden Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net asset value reached SEK 223.3bn, up 17% or SEK 74 per share in 9M 2026.
Total return was 31% for Class A and 30% for Class C, versus 11% for SIXRX.
Financial highlights
9M net income was SEK 35,402mn, up from SEK 16,983mn; EPS was SEK 81.97 versus SEK 39.32.
9M dividend income was SEK 9,511mn versus SEK 9,532mn; change in value of shares was SEK 26,208mn versus SEK 7,715mn.
Q3 net loss was SEK 1,653mn versus net income of SEK 7,384mn; EPS was -SEK 3.83 versus SEK 17.10.
Equities portfolio value, adjusted for purchases and sales, increased SEK 26,296mn, or 13%; net purchases were SEK 3,297mn.
Outlook and guidance
Tax treatment will change to conventional taxation from the 2027 tax year, following the Swedish Tax Agency's decision.
- Net asset value up 17% to SEK 225 bn, with 33% total return for Class A shares.INDU
Q2 2026 - NAV up 7% to SEK 204.1 bn, 12% total return, and net income at SEK 12,425 mn in Q1 2026.INDU
Q1 2026 - Net asset value and total return surged in 2025, with strong earnings and a higher dividend proposed.INDU
Q4 2025 - Net asset value up 8% to SEK 173.0 bn, 10% total return, and net income at SEK 16,983 mn.INDU
Q3 2025 - Net asset value increased 4% to SEK 165.6 bn, with strong dividend income and lower net debt.INDU
Q2 2025 - Net asset value climbed 8% to SEK 162.8 bn, with strong returns and improved leverage.INDU
Q3 2024 - NAV up 4% to SEK 156.0 bn, with strong returns and increased investments in key holdings.INDU
Q2 2024 - NAV up 6% to SEK 159.6 bn, 9% total return, dividend proposed at SEK 8.25 per share.INDU
Q4 2024 - Net asset value up 5% in Q1 2025, with shares outperforming the market index.INDU
Q1 2025
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