Catella AB – Interim Report January-September 2016

Catella’s total income increased by 5% in the third quarter, mainly attributable to the Banking business area. Income was up despite lower performance-based earnings, amounting to SEK 477 M (455). The fixed earnings were up as a result of increased assets under management, improving earnings stability and generating potential for increased performance-based earnings looking ahead.

Third quarter

The Group

• Total income SEK 477 M (455)
• Net sales SEK 475 M (455)
• Operating profit/loss SEK 51 M (55)
• Operating profit/loss SEK 50 M (53)
• Profit/loss before tax SEK 56 M (70)
• Profit for the period was SEK 45 M (51), of which attributable to parent company owners SEK 35 M (37)
• Earnings per share SEK 0.43 (0.45)

Corporate Finance

• Total income SEK 144 M (156)
• Net sales SEK 142 M (155)
• Operating profit/loss SEK 14 M (24)
• Property transaction volumes SEK 7.7 Bn (10.3):
  - Sweden SEK 3.4 Bn (2.9)
  - France SEK 3.2 Bn (4.3)
  - Germany SEK 0.2 Bn (0.5)

Asset Management and Banking

• Total income SEK 345 M (301)
• Net sales SEK 345 M (300)
• Operating profit/loss SEK 50 M (38)
• Assets under management SEK 148.3 Bn (137.9):
  - increase SEK 10.3 Bn (-1.0)
  - of which net inflows SEK 4.1 Bn (1.7)

Nine-month period

The Group

• Total income SEK 1,417 M (1,294)
• Net sales SEK 1,401 M (1,287)
• Operating profit/loss SEK 177 M (150)
• Operating profit/loss SEK 174 M (144)
• Profit/loss before tax SEK 417 M (178)
• Profit for the period was SEK 299 M (144), of which attributable to parent com-pany owners SEK 235 M (120)
• Earnings per share SEK 2.87 (1,47)
• Equity SEK 1,534 M (1,232)
• Equity per share** SEK 18.75 (15.07)

Corporate Finance

• Total income SEK 397 M (404)
• Net sales SEK 388 M (402)
• Operating profit/loss SEK 39 M (35)
• Property transaction volumes SEK 33.8 Bn (32.9):
  - Sweden SEK 12.2 Bn (14.6)
  - France SEK 10.5 Bn (10.8)
  - Germany SEK 2.0 Bn (1.9)

Asset Management and Banking

• Total income SEK 1,042 M (900)
• Net sales SEK 1,033 M (894)
• Operating profit/loss SEK 174 M (139)
• Assets under management SEK 148.3 Bn (137.9):
  - increase SEK 10.0 Bn (8.4)
  - of which net inflows SEK 2.1 Bn (9.3)

“Catella’s total income increased by 5% in the third quarter, mainly attributable to the Banking business area. Income was up despite lower performance-based earnings, amounting to SEK 477 M (455). Our fixed earnings were up as a result of increased assets under management, improving earnings stability and generating potential for increased performance-based earnings looking ahead”, says Knut Pedersen, Catella’s CEO and President.

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  

This information is information that Catella AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 07.00 CET on 4 November 2016.  

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.

Tags: