In its first annual report, the Danish Export and Investment Fund (Eifo) can present a profit of just over one billion DKK. The positive result is mainly due to good income from lending activity. On the other hand, the result from equity investments pulls the other way and affected the total result by -173 million DKK, which was primarily driven by unrealized negative value adjustments on unlisted companies, Eifo states in a statement.
- It must be said that this is an overall satisfactory result, where we can both pay dividends to our owner, deliver a solid contribution to society and at the same time put a good portion of money on the books, which can create even more activity in the future. That, on the other hand, has fallen short of expectations in the investment area, we will see. I am particularly pleased that in 2023 we have also managed to provide new loans and guarantees for a total of 26 billion DKK. DKK, so we have left a solid footprint on the markets both in Denmark and abroad, says CEO of Eifo, Peder Lundquist.
Eifo officially came into being on January 1, 2023, when the three state funds Vækstfonden, EKF Denmark's Export Credit and Denmark's Green Investment Fund were finally merged.
- As a state-owned fund, one of our important tasks is to contribute to creating value and innovation. This was true in the previous three funds, and it also applies to Eifo. The green area and society-changing technologies are particularly central here. In 2023, Eifo has also left a solid footprint as a lever for risk-taking and patient capital for innovation and development, says Peder Lundquist.
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