Contact
QR code for the current URL

Press release Box-ID: 597882

Catella Property GmbH Kurfürstendamm 21 10719 Berlin, Germany http://www.catella.de
Contact Johan Ericsson +46 8 463 33 10
Company logo of Catella Property GmbH
Catella Property GmbH

Catella AB - Interim Report first quarter 2013

(PresseBox) (Berlin, )
.
First quarter 2013

Net sales: SEK 189 M (231)
Profit/loss before tax: SEK -41 M (9)
Profit/loss after tax: SEK -39 M (7)
Earnings per share: SEK-0.48 (0.08)

Corporate Finance

- First quarter: net sales were SEK 47 M (82) and the profit/loss before tax was SEK -27 M (-6). The decrease is mainly due to lower income in finance advisory services
- European alliance in property advisory services commences with Strutt & Parker of the UK
- Advisor for Klövern on the first bond issue secured on investment properties in Sweden, of SEK 700 M

Asset Management

- First quarter: net sales were SEK 142 M (150) and the profit/loss before tax was SEK -1 M (16). The initiative in the banking operation was charged to profit
- Positive net inflow of SEK 0.7 Bn, primarily relating to the Swedish and German funds

”Catella is reporting a weaker first quarter than last year. Primarily, this is due to lower income in finance advisory services and in our banking operation compared to the corresponding period of the previous year. In addition, profit was negatively affected by an impairment loss on Catella’s loan portfolio. Catella is following progress closely, but results for the first quarter do not alter my view of Catella's future earnings potential.”

Catella Property GmbH

Catella is an independent financial advisor and asset manager. We have operations in 12 European countries and some 450 employees. Catella has a strong offering in financial services through our business breadth, geographical coverage and leading position in the property sector. Catella is listed on Nasdaq OMX First North Premier, trading under the stock symbols CAT A and CAT B. The company’s certified advisor is Remium AB. Read more about Catella at www.catella.com.

The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.
Important note:

Systematic data storage as well as the use of even parts of this database are only permitted with the written consent of unn | UNITED NEWS NETWORK GmbH.

unn | UNITED NEWS NETWORK GmbH 2002–2022, All rights reserved

The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.