Navigo Invest AB (publ) NAVIGO.STAM
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The news check keeps the assessment current.
General analysis — not personal advice.
Existing position can be maintained pending further NAV updates.
Mixed recommendations from sources and structural complexity around preference shares motivate the review signal.
The market reacts negatively to the large impairment despite it having no cash-flow impact.
NEUTRAL is the call. Positive is the market mood. Medium risk means some things can go wrong.
Latest change
- 7 Nov 2026 — The report shows sharp earnings drop driven by the write-down with no cash flow impact, explaining the market's negative reaction.
About the company
Navigo Invest is an investment company that acquires and develops small and medium-sized unlisted companies in Sweden. It builds hub companies through add-on acquisitions in industry, energy and services. Operations are driven by organic growth and value creation in the portfolio.
Bull case
Strong organic growth and improved profitability in portfolio companies continue to lift net asset value.
Bear case
Complex preference-share structure and dilution risks limit value transfer to ordinary shareholders.
Why this signal
Mixed recommendations from sources and structural complexity around preference shares motivate the review signal.
Recent news
The Q3 report was published on 6 November with revenue of 142.2 MSEK and a 416 MSEK impairment in Nordisk Bergteknik that produced a net result after tax of -426.4 MSEK. The share fell approximately 8 % on the report day. Net asset value per ordinary share was 9.51 SEK.