Catella AB – Interim Report January-June 2020
At the end of the second quarter 2020, assets under management totalled SEK 148.6 Bn, a decrease of SEK 7.6 Bn on the previous quarter, of which SEK 6.2 Bn due to ex-change rate effects. Total income in the quarter was SEK 523 M and operating profit was SEK 39 M, a decrease of SEK 165 M and SEK 125 M respectively. Catella was negatively affected by the pandemic and turbulence on the financial markets, mainly in Equity, Hedge and Fixed Income Funds and Corporate Finance. There was no noticeable impact on Property Investment Management from the pandemic in the second quarter. The earlier