Fram Skandinavien AB (publ) publishes monthly NAV report, May 2025 - NAV at 21 SEK per share
Significant events during the month
Carmudi and EveHR recorded modest monthly EBITDA losses of less than 1 kUSD each. Carmudi’s monthly GMV declined by -5% m-on-m and -52% y-on-y.
Fram exited its holding in SEA group. On the part of the holding that was not liquidated to build a cash cushion to allow Carmudi and EveHR time to get to breakeven, the investment achieved a return of +107% over a ca. 3 year holding horizon.
The May NAV modestly decreased by -1% m-on-m.