ANNUAL REPORT 2012 2 TRACTION ANNUAL REPORT 2012 CONTENTS CONTENTS 4 PRESIDENT’S STATEMENT 6 TRACTION IN BRIEF 8 TRACTION’S BUSINESS 1 2 BUSINESS ORGANISATION 13 BOARD OF DIRECTORS 14 OWNERSHIP POLICY 15 LISTED HOLDINGS 20 SUBSIDIARIES 22 UNLISTED HOLDINGS 2 6 TRACTION FROM AN INVESTOR PERSPECTIVE 3 0 TRANSACTIONS OVER THE PAST TEN YEARS 3 4 THE TRACTION SHARE 3 6 TRACTION’S HISTORY 3 9 ADDRESSES SHAREHOLDER INFORMATION 2013 7 May Interim Report for the period January – March 7 May Annual General Meeting 2013 15 August Interim Report for the period January – June 18 October Interim Report for the period January – September Subscription to financial information via e-mail may be made at traction.se, or by e-mail to p
[email protected]. All reports during the year will be available at the Company’s website. Traction’s official annual accounts are available for downloading at the website at traction.se Aktiva noterade innehav 20% Övriga noterade innehav 29% Doerföretag 7% Onoterade innehav 9% Övriga finansiella instrument 10% Likvida medel 25% TRACTION ANNUAL REPORT 2012 3 2012 SUMMARY 2012 SUMMARY • The result after taxes attributable to the Parent Company’s shareholders amounted to MSEK 201 (–41). • The change in value of securities, plus dividend income, was MSEK 149 (–122). • Operating profit in the operative subsidiaries amounted to MSEK 54 (59). • The return on equity was 15 (–3) percent. • Equity per share amounted to SEK 101 (91). • Traction’s net asset value amounted to MSEK 1,719, SEK 112 per share. • Increased ownership in BE Group, Catella and PartnerTech.