Catella AB – Interim Report third quarter 2014

Record low interest rates are making real estate, credit and equities still more attractive investments, favouring the demand for our products and services. In the first nine months of the year, net sales excluding IPM were up by 29%, which contributed to our positive profit performance.

Third quarter 2014

  • Net sales were SEK 343 M (259)
  • Profit/loss before tax was SEK 34 M (16)
  • Profit/loss after tax was SEK 25 M (10)
  • Earnings per share were SEK 0.26 (0.12)

Nine-month period 2014

  • Net sales SEK 953 M (689)
  • Profit/loss before tax SEK 146 M (-8)
  • Profit/loss after tax SEK 125 M (-18)
  • Earnings per share SEK 1.48 (-0.22)
  • Equity: SEK 1,116 M (906)
  • Equity per share: SEK 13.66 (11.09)

Corporate Finance

  • Third quarter: net sales were SEK 101 M (112) and profit/loss before tax was SEK 11 M (22)
  • Third quarter: property transaction volumes of SEK 15.7 Bn (24.6)
  • Nine-month period: net sales of SEK 312 M (252) and profit/loss before tax of SEK 27 M (3)
  • Nine-month period: property transaction volumes of SEK 37.0 Bn (37.4)

Asset Management

  • Third quarter: net sales were SEK 243 M (150) and profit/loss before tax of SEK 15 M (-2)
  • Third quarter: volumes under management were SEK 111.9 Bn (46.1) at the end of the quarter, of which IPM SEK 42.8 Bn (0). Volumes under management, excluding IPM, increased by SEK 2.5 Bn (2.5) and net inflows were SEK 2.8 Bn (1.0)
  • Nine-month period: net sales were SEK 644 M (442) and profit/loss before tax was SEK 77 M (10)
  • Nine-month period: volumes under management, excluding IPM, increased by SEK 16.8 Bn (4.9), of which net inflows were SEK 14.0 M (2.6)

“Record low interest rates are making real estate, credit and equities still more attractive investments, favouring the demand for our products and services. In the first nine months of the year, net sales excluding IPM were up by 29%, which contributed to our positive profit performance”, 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 Trading Act and/or the Swedish Securities Markets Act. This information was submitted to the market for publication on 7 November 2014 at 7:00 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 Communications
+46 8 463 32 55, +46 72 510 11 61
anncharlotte.svensson@catella.se  

About Catella: Catella provides specialised financial advisory services and is a leader in the property sector. Catella also provides asset management, with specialist expertise in the property, fixed-income and equity asset classes. We have a strong local presence in Europe, with some 500 employees in 12 countries. Catella is listed on Nasdaq OMX First North Premier and is traded under the ticker symbols CAT A and CAT B. The company’s certified advisor is Remium AB. Read more about Catella at www.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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