Updates on Investor AB and Foot Locker

Investor AB Annual Report (link)

The Chairman Jacob Wallenberg:
The importance of having the right person at the right place at the right time cannot be overestimated. As my grandfather said: “No company is so bad that it cannot be turned around by a good leader”.
In Atlas Copco, we fully support the proposal made early 2017 to split the group into
two focused, market-leading new companies, further enhancing future value creation.
Net asset value growth and cash flow was strong. For 2016, the board proposes to increase the dividend to SEK 11 per share (10).

The CEO Johan Forssell:
… in total, we could invest in Listed Core Investments, acquire a new subsidiary, Laborie, and pay an increased dividend, with our leverage more or less unchanged at some 5 percent.
The total return for Listed Core Investments was 14 percent
During the first quarter, amid the worries about the Chinese economy, we invested SEK 125 m. in Atlas Copco, and mid-year, we invested SEK 353 m. in Wärtsilä. During the fourth quarter, after a profit warning and sharp share price decline, we invested SEK 1.0 bn. in Ericsson.

Foot Locker Outlook on 2017 (link)

The Company currently expects earnings in the first quarter ending April 29 to beequal to or slightly below last year’s record earnings, or $1.36 to $1.39 per share. Comparable store sales in the first quarter are expected to increase at a low-single digit percentage rate. For the remaining three quarters of the year, the Company continues to believe it will achieve a double-digit earnings per share percentage increase and a mid-single digit comparable store sales percentage increase;

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