Catella – Interim Report January-June 2016

In the second quarter, Catella’s income increased by 14% to SEK 478 M year on year. The Group’s operating profit also increased sharply, amounting to SEK 65 M, SEK 19 M up on last year. Group profit before tax was SEK 287 M, against SEK 57 M in the previous year. Profit before tax includes extraordinary income of SEK 219 M attributable to Catella Bank’s sale of shares in Visa Europe in connection with Visa Inc.’s acquisition of Visa Europe.

Second quarter

The Group

  • Total income SEK 478 M (421)
  • Net sales SEK 475 M (419)
  • Operating profit/loss* SEK 65 M (46)
  • Operating profit/loss SEK 64 M (44)
  • Divestment of Visa Europe yielded non-recurring income of SEK 219 M re-ported in net financial income
  • Profit/loss before tax SEK 287 M (57)
  • Profit for the period was SEK 198 M (50), of which attributable to parent company owners SEK 182 M (48)
  • Earnings per share** SEK 2.23 (0.59)

Corporate Finance

  • Total income SEK 174 M (161)
  • Net sales SEK 172 M (160)
  • Operating profit/loss* SEK 36 M (25)
  • Property transaction volumes SEK 20.0 Bn (15,9):
  • - France SEK 5.8 Bn (3.6)
  • - Sweden SEK 5.6 Bn (9.3)
  • - Germany SEK 1.3 Bn (0,8)

Asset Management and Banking

  • Total income SEK 311 M (265)
  • Net sales SEK 309 M (264)
  • Operating profit/loss* SEK 41 M (29)
  • Assets under management SEK 137.9 Bn (131.8):
  • - increase of SEK 2.2 Bn (+0,5)
  • - of which net outflows SEK 0.9 Bn (+3.2)

First half-year

The Group

  • Total income SEK 940 M (839)
  • Net sales SEK 926 M (832)
  • Operating profit/loss* SEK 127 M (95)
  • Operating profit/loss SEK 125 M (91)
  • Divestment of Visa Europe yielded non-recurring income of SEK 219 M reported in net financial income
  • Profit/loss before tax SEK 361 M (109)
  • Profit for the period was SEK 253 M (93), of which attributable to parent company owners SEK 199 M (83)
  • Earnings per share** SEK 2.44 (1.02)
  • Equity SEK 1,484 M (1,177)
  • Equity per share** SEK 18.14 (14.40)

Corporate Finance

  • Total income SEK 253 M (248)
  • Net sales SEK 245 M (246)
  • Operating profit/loss* SEK 24 M (11)
  • Property transaction volumes SEK 26.1 Bn (22.5):
  • - Sweden SEK 8.8 Bn (11.7)
  • - France SEK 7.2 Bn (6.4)
  • - Germany SEK 1.7 Bn (1.7)

Asset Management and Banking

  • Total income SEK 697 M (599)
  • Net sales SEK 689 M (593)
  • Operating profit/loss* SEK 124 M (101)
  • Assets under management SEK 137.9 Bn (131.8):
  • - decrease of SEK 0.3 Bn (+9.4)
  • - of which net outflows SEK 2.0 Bn (+7.5)

“In the second quarter, Catella’s income increased by 14% to SEK 478 M year on year. The Group’s operating profit also increased sharply, amounting to SEK 65 M, SEK 19 M up on last year. Group profit before tax was SEK 287 M, against SEK 57 M in the previous year. Profit before tax includes extraordinary income of SEK 219 M attributable to Catella Bank’s sale of shares in Visa Europe in connection with Visa Inc.’s acquisition of Visa Europe”, says Knut Pedersen, Catella’s CEO and President.

The information in this Report is mandatory for Catella AB (publ) to publish in accordance with the Swedish Financial Instruments Trading Act and/or the Swedish Securities Markets Act. This information was submitted to the market for publication on 25 August 2016 at 07:00 a.m. CET.

For more information, please contact: 
Knut Pedersen
CEO and President
+46 8 463 33 10
knut.pedersen@catella.se  

Press contact:
Ann Charlotte Svensson
Head of Group Communications
+46 8 463 32 55, +46 72 510 11 61
anncharlotte.svensson@catella.se  

About Catella: Catella is a leading specialist in property investments, fund management and banking, with operations in 12 countries across Europe. Catella is listed on First North Premier on Nasdaq Stockholm and the company’s certified advisor is Remium AB. Read more at catella.com.

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About Us

Catella is a leading specialist in property investments, fund management and banking, with operations in 14 European countries. The group has sales of approximately SEK 2 billion and manages assets of approximately SEK 180 billion. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more at catella.com.

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