| Business Summary | | Industriförvaltnings
AB
Kinnevik
(Kinnevik)
comprises
the
long-term
development
of
operating
companies.
The
Kinnevik
Group
was
reorganized,
as
of
December
31,
1994,
into
four
sub-groups,
each
having
its
own
parent
company.
Korsnäs
Holding
AB
was
established
for
the
businesses
in
packaging
and
packaging
materials.
Modern
Times
Group
MTG
AB
(MTG)
was
created
for
television
and
media
and
other
related
activities
in
Scandinavia
and
nearby
countries.
Tele2
AB
is
engaged
in
telecommunications
in
Scandinavia
and
nearby
countries,
and
Investment
AB
Kinnevik
is
responsible
for
other
operations.
On
July
2,
2001,
Korsnäs
AB
signed
an
agreement
to
sell
its
reinsurance
company,
Korsnäs
Re
S.A.,
in
Luxembourg,
to
Invik
Co. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | KVIKA
is
engaged
in
the
businesses
of
forestry
and
timber,
paperboard
and
paper,
packaging,
agriculture,
customer
relations
service,
financial
services,
loyalty
program
management
services
and
other
activites.
For
the
fiscal
year
ended
12/00,
net
sales
rose
2%
to
SEK7.02
billion.
Net
income
according
to
U.S.
GAAP
totaled
SEK9.93
billion,
up
from
SEK477M.
Net
sales
reflect
higher
demand
and
average
prices.
Net
income
also
reflects
higher
income
from
corporate
development. | More
from
Market Guide: Significant
Developments |
| Officers | | Jan
Hugo
Stenbeck,
Chmn. Vigo
Carlund,
Pres. Mikael
Larsson,
CFO. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|