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CATELLA AB - YEAR-END REPORT 2010

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CATELLA AB (publ) Stockholm, 25 February 2011

Fourth quarter of 2010, October - December 

  •  Net sales during the fourth quarter amounted to SEK 378 M (85).
  • Profit for the quarter after tax amounted to SEK 35 M (-11).
  • Profit for the quarter per share amounted to SEK 0.42 (-0.14).
  • During the 2010 financial year, Catella AB, formerly Scribona AB, acquired the former Catella. The acquired operation is consolidated in the Group as of 30 September 2010 and contributed SEK 64 M to profit before tax during the current quarter.

Full-year 2010, January - December

  • Net sales during the full-year amounted to SEK 586 M (217).
  • Profit after tax for the full-year amounted to SEK 25 M (472). Profit in the preceding year included nonrecurring items totaling SEK 440 M pertaining to the reversal of negative goodwill.
  • Earnings per share for the full year amounted to SEK 0.28 (5.75).
  • At year-end, shareholders’ equity per share amounted to SEK 12.39 (12.86). During the year, shareholders’ equity was affected by negative exchange-rate differences of SEK -122 M (-12).
  • During the 2010 financial year, Catella AB, formerly Scribona AB, acquired the former Catella. This means that information pertaining to full-year 2010 only comprises the results of the acquired operation for the period October to December 2010. For the period January to September, the Group consisted solely of the former operations of Scribona.
  • The Board of Directors proposes that no dividend be paid to the shareholders.

Events after the end of the financial year

  • Catella established a new operation in the fixed-income market.
  • Catella acquired EKF Enskild Kapitalförvaltning AB.

CEO´S Comments

Catella on the right track

Catella is on the right track, as manifested in this report in the form of favourable earnings for the fourth quarter of 2010. The start of 2011 has also been strong, with our private banking operation initiating an effort in the Nordic market through the acquisition of EKF Enskild Kapitalförvaltning. We have also expanded operations through an establishment in the fixed-income market. In addition, we have noted continued growth in several other Catella operations.

The fourth quarter is traditionally the most important period from the viewpoint of earnings. In 2010, however, this trend was further strengthened by positive performance in the advisory market.

As CEO for the new Catella, I am proud of the capacity represented by the Group and the stability and strength represented by the brand. Catella’s foremost assets are the breadth and geographical spread of operations, combined with our strong local presence and market knowhow, which enable our employees to deliver high-quality results in their specialist areas.

We are now building further upon the new Catella, in part by being correctly positioned and in part by offering reliable, credible and result-oriented advisory and asset management services.

Johan Ericsson, CEO Catella

 

For further information

Johan Ericsson, CEO, tel +46 (0)8 463 33 10.

Catella shares are traded on First North and R emium AB is the company’s certified adviser, +46 (0)8 454 32 00.

This report is also available at www.catella.se.

Catella

Catella is a European finance group active in Corporate Finance and Asset Management. In these operating segments, Catella focuses on selected segments in which advanced specialist expertise and local presence, combined with international reach, are key in creating added value for clients. Catella has approximately 420 employees working at offices in 24 cities, in 13 European countries. Catella share is listed on First North and traded under the abreviations CAT A and CAT B.

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