Reflecting on the past year and outlining VEF's ambitions going forward, in the report, CEO David Nangle comments:
"2023 was an encouraging transitional year for the venture industry as the universal headwinds of 2022 gradually abated and tailwinds grew as we moved through 2023.
Indeed, 2023 has formed a strong base for a more optimistic outlook for 2024 for the industry, and VEF within it.
Top priority in 2024 is to strengthen our balance sheet. Bond roll-over managed, exits are a high priority. Our goal is to lower our traded discount to NAV and get back on the front foot investing, as we do feel good about this fresh cycle."
The 2023 Annual Report, along with the integrated Sustainability Report, is now available for download from the Company's website, www.vef.vc.
For further information please contact:
Kim Ståhl, CFO: +46 (0) 8-545 015 50
Helena Caan Mattsson, Head of Sustainability: +46 (0) 8-545 015 58
About Us
VEF AB (publ) is an investment company whose Common Shares are listed in Sweden. We invest in growth stage private fintech companies, take minority stakes and are active investors with board representation in our portfolio companies, always looking to back the best entrepreneurs in each market. We focus on scale emerging markets and invest across all areas of financial services inclusive of payments, credit, mobile money and wealth advisors. VEF trades in Sweden on Nasdaq Stockholm's Main Market under the ticker VEFAB. For more information on VEF, please visit http://www.vef.vc.
This information is information that VEF AB (publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-03-28 11:00 CET.
AS VEF