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.