Focus on long-term strategic changes and continued refining of properties during the first quarter.
"The first quarter is normally Catella's weakest due to low transaction volumes and Q1 2021 was no exception, given the continued challenges presented by Covid-19 in terms of completing property transactions quickly and efficiently. Although operating profit is not satisfactory, we are taking significant strategic steps forward. The focus on the property segment continues while our cash position has been significantly strengthened through a new bond issue of
It takes time for strategic changes to translate into profits and it is important that we remain patient.I am convinced that our focus on properties and synergies, with an increased proportion of profit derived from
January -
Total income
SEK 314 M (503)- Net sales
SEK 308 M (449) -
Operating profit/loss
SEK -22 M (72) -
Profit/loss before tax
SEK 95 M (46) -
Profit for the period from remaining operations*
SEK 88 M (24) -
Profit/loss for the period from disposal group held for sale
SEK -8 M (-14) -
Profit/loss for the period
SEK 80 M (10), of whichSEK 91 M (0) attributable to shareholders of the Parent Company -
Earnings per share**
SEK 1,03 kr (0) -
Equity**
SEK 1 737 M (1 577) -
Equity per share**
SEK 19,66 (18,28) - Assets under management 117 mdkr (123***)
* Capital gains from the divestment of Catella Asset Management SAS totalled
** Attributable to shareholders of the Parent Company. Includes disposal group held for sale.
***Adjusted for Mutual Funds and Catella Asset Management SAS
Invitation to presentation of the Interim Report
Catella will be presenting the Interim Report and answering questions in a teleconference today
This disclosure contains information that Catella is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on
For more information, please contact:
CEO and President
+46 0 8 463 33 25
christoffer.abramson@catella.se
Acting CFO
+46 8 463 33 10
mattias.brodin@catella.se
This is information that
https://news.cision.com/catella/r/catella-ab---interim-report-january-march-2021,c3342574
https://mb.cision.com/Main/1744/3342574/1414264.pdf
(c) 2021 Cision. All rights reserved., source