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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Catena AB (publ)    CATE   SE0001664707

CATENA AB (PUBL)

(CATE)
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Catena : and NELLY collaborate on automation

11/30/2020 | 09:02am EST

Catena has signed a supplementary agreement with tenant Nelly to finance the automation solution for Nelly's new logistics facility, an investment of approximately SEK 84 million.

30 November 2020, 3:00 p.m. CET

In September 2020, Catena acquired a newly constructed logistics facility in the Municipality of Borås, with Nelly as a tenant. Through a supplementary agreement, Catena will now be financing the automation solution with track systems to be installed within the property. The solution will be manufactured by Autostore and delivered by Element Logic. Nelly will have the option of acquiring the equipment at a later date.

"With our expertise and experience in the area of logistics, we are able to resolve our customers' needs and contribute to their business in a broader perspective. Our mutually beneficial partnership with Nelly, is further strengthened through this arrangement," says Jonas Arvidsson, Regional Manager at Catena.

Catena perceives increased demand for this type of complete solution as most new logistics facilities now contain a high degree of automation.

For further information, please contact

Jonas Arvidsson, Regional Manager, Gothenburg
Tel. +46 (0)730-70 22 60 
jonas.arvidsson@catenafastigheter.se Jörgen Eriksson, CEO
Tel. +46 (0)730-70 22 42                                            
jorgen.eriksson@catenafastigheter.se

 Catena is a listed property company that, through collaboration sustainably develops, owns and manages efficient logistics facilities. Its strategically located properties supply the Scandinavian metropolitan areas and are adapted for both current and future goods flows. The overall objective is to generate strong cash flow, enabling stable development and providing shareholders a favourable total return in the long term. As of 30 September 2020, the properties had a total value of SEK 17,779.2 million.  Catena's shares are traded on NASDAQ Stockholm, Mid Cap.

https://news.cision.com/catena/r/catena-and-nelly-collaborate-on-automation,c3246340

https://mb.cision.com/Main/191/3246340/1341984.pdf

https://news.cision.com/catena/i/logo-pressbild,c2855524

(c) 2020 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
CATENA AB (PUBL) 0.61% 410 Delayed Quote.5.84%
NELLY GROUP AB (PUBL) 1.11% 32 Delayed Quote.-10.50%
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Financials
Sales 2020 1 263 M 151 M 151 M
Net income 2020 985 M 118 M 118 M
Net Debt 2020 9 518 M 1 141 M 1 141 M
P/E ratio 2020 16,4x
Yield 2020 1,68%
Capitalization 15 362 M 1 832 M 1 842 M
EV / Sales 2020 19,7x
EV / Sales 2021 18,9x
Nbr of Employees -
Free-Float -
Chart CATENA AB (PUBL)
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Technical analysis trends CATENA AB (PUBL)
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 3
Average target price 374,50 SEK
Last Close Price 407,50 SEK
Spread / Highest target -4,54%
Spread / Average Target -8,10%
Spread / Lowest Target -11,7%
EPS Revisions
Managers and Directors
NameTitle
Jorgen Eriksson Chief Executive Officer
Gustaf Hermelin Executive Chairman
Sofie Bennsten Chief Financial Officer & Deputy CEO
Katarina Wallin Independent Director
Hélène Briggert Independent Director