Interim report January - September 2023: A sound investment

With increasing rental income and profit from property management, Catena is showing that it is possible to deliver and generate business even in an uncertain market.

27 October 2023, 8.00 a.m. CEST

• Rental income rose by 17 percent to SEK 1,343 million (1,150)
• The net operating surplus increased by 19 percent to SEK 1,088 million (911)
• Profit from property management rose by 17 percent to SEK 849 million (723)
• The change in value of properties amounted to SEK -603 million (1,230)
• Profit for the period decreased to SEK 171 million (2,133) corresponding to earnings per share of SEK 3,42 kr (48,56)
• The long-term net asset value EPRA NRV per share decreased to SEK 367,75 kr (375,58)
• 37 percent of our lettable area is environmentally certified, corresponding to 845,000 m²

Catena´s CEO Jörgen Eriksson comments on the interim report:

”Catena’s focused approach and financial position allow us to grow sustainably and continue to draw on our land bank and initiate new projects, while refining and quality-assuring our existing property portfolio.”

”Reflecting on our work methods and continuously developing our best practices are essential to our business success and to ensuring that we remain relevant and the leader in our part of the industry.”

At 10.00 a.m. on October 27, the webcast will commence for the interim report for January-September 2023. Follow the webcast via this link: https://financialhearings.com/event/46650

For further information, please contact

Jörgen Eriksson, CEO, Tel. + 46 730-70 22 42, jorgen.eriksson@catena.se
Sofie Bennsten Deputy CEO and CFO, Tel. + 46 730-70 22 41 sofie.bennsten@catena.se
Follow us: catena.se / LinkedIn

This information is such that Catena AB (publ) is obliged to publish under the EU Market Abuse Regulation. The information was provided by the contact persons mentioned in this press release, for publication at the time stated above.

About Catena
Catena is a listed property company that sustainably and through collaboration develops and durably manages efficient logistics facilities. Its strategically located properties supply the Scandinavian metropolitan areas and are adapted for both current and future goods flows. The overarching objective is to generate strong cash flow from operating activities to enable sustainable growth and stable returns. As of 30 September 2023, the properties had a total value of SEK 29 272 million. Catena’s shares are traded on NASDAQ Stockholm, Large Cap.

Tags: