.
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.”
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
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.
