Catella AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 10, 2023 at 01:00 am EST
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Catella AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was SEK 618 million compared to SEK 603 million a year ago. Revenue was SEK 658 million compared to SEK 633 million a year ago. Net income was SEK 97 million compared to SEK 95 million a year ago. Basic earnings per share from continuing operations was SEK 1.1 compared to SEK 1.08 a year ago. Diluted earnings per share from continuing operations was SEK 1.07 compared to SEK 1.04 a year ago.
For the full year, sales was SEK 1,996 million compared to SEK 1,734 million a year ago. Revenue was SEK 2,593 million compared to SEK 1,807 million a year ago. Net income was SEK 491 million compared to SEK 174 million a year ago. Basic earnings per share from continuing operations was SEK 5.55 compared to SEK 1.97 a year ago. Diluted earnings per share from continuing operations was SEK 5.41 compared to SEK 1.92 a year ago.
Catella AB is a Sweden-based company active in the financial sector. Its business is divided into two segments: Corporate Finance and Asset Management. The Corporate Finance operations offer financial advisory services in the areas of sales and acquisitions, debt and equity, and valuation and research. The Asset Management offers institutions, companies and individuals financial products and advisory services in the areas of fund management and wealth management. The Company operates through more than 30 offices in Sweden, Denmark, Estonia, Finland, France, Luxembourg, Germany, Italy, Latvia, Lithuania, Norway, Spain and the United Kingdom. It has a subsidiary active in the real estate sector, Link Prop Investment AB, and holds majority stakes in EKF Enskild Kapitalforvaltning AB and IPM Informed Portfolio Management (IPM).