Holta Invest delivers profit of MNOK 259 in 2020
Published: 1.04.2021
Holta Invest had revenues of MNOK 4.582 on a consolidated basis in 2020. Profit before tax was MNOK 286.2 compared to MNOK 201.6 in 2019. Profit after tax was MNOK 259.3 compared to MNOK 167.7 in 2019.
The financial investments business area delivered a return of 17,1 % in 2020. The year was impacted by COVID-19, which caused a significant decline in global capital markets in Q1. The direction turned in Q2, and our exposure to, in particular, the Swedish and US equity markets have created solid returns.
Within the Active Ownership Investment area, no new investments or divestments were done in 2020. The focus has been on adapting to the effects of the pandemic and take advantage of the opportunities that opened up. The group has also worked actively on developing the existing investments and preparing for potential transactions in 2021.