Financial Report for the Third Quarter and First Nine Months 2018 (VNV Global)

Summary

• Net asset value was USD 912.20 mln on September 30, 2018, corresponding to USD 10.79 per share.p.1
• NAV per share in USD increased by 3.6% over the first nine months and by 2.2% during the third quarter.p.1
• Vostok invested USD 4 mln in Busfor, USD 1 mln in OneTwoTrip and USD 2.1 mln in VOI Technology during the quarter.p.1
• BlaBlaCar agreed to acquire Ouibus and announced a EUR 101 mln funding round involving SNCF.p.1
• Ouibus has a bus network of 300 large cities in France and Europe and has transported over 12 million passengers.p.2
• Busfor operates in a market with more than 7,000 bus operators and was founded in 2012.p.2

Key insights

1. Earnings per share were USD 0.37 for the period against 0.19 a year earlier.p.1
2. Net result for the quarter was USD 19.10 mln against 7.79 a year earlier.p.1
3. Vostok invested USD 1 mln as a follow-on investment in Booksy after the end of the period.p.1
4. NAV was SEK 8,079.60 mln, or SEK 95.57 per share, at a SEK/USD rate of 8.8573.p.1