Catella AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 09, 2024 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, 2023. For the fourth quarter, the company reported sales was SEK 454 million compared to SEK 618 million a year ago. Revenue was SEK 540 million compared to SEK 662 million a year ago. Net loss was SEK 75 million compared to net income of SEK 97 million a year ago. Basic loss per share from continuing operations was SEK 0.85 compared to basic earnings per share from continuing operations of SEK 1.1 a year ago. Diluted loss per share from continuing operations was SEK 0.85 compared to diluted earnings per share from continuing operations of SEK 1.07 a year ago.
For the full year, sales was SEK 1,697 million compared to SEK 1,996 million a year ago. Revenue was SEK 2,333 million compared to SEK 2,611 million a year ago. Net loss was SEK 21 million compared to net income of SEK 491 million a year ago. Basic loss per share from continuing operations was SEK 0.24 compared to basic earnings per share from continuing operations of SEK 5.55 a year ago. Diluted loss per share from continuing operations was SEK 0.24 compared to diluted earnings per share from continuing operations of SEK 5.41 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).
CATELLA AB 
