Announcement • Feb 21
Catella AB (publ) to Report Fiscal Year 2025 Final Results on Mar 31, 2026 Catella AB (publ) announced that they will report fiscal year 2025 final results on Mar 31, 2026 Announcement • Feb 18
Catella AB (publ) announces Annual dividend, payable on May 20, 2026 Catella AB (publ) announced Annual dividend of SEK 0.9000 per share payable on May 20, 2026, ex-date on May 13, 2026 and record date on May 15, 2026. Announcement • Oct 01
Catella AB (publ), Annual General Meeting, May 12, 2026 Catella AB (publ), Annual General Meeting, May 12, 2026, at 10:00 W. Europe Standard Time. Location: stockholm Sweden Announcement • Aug 20
Catella AB (publ) to Report Fiscal Year 2025 Results on Feb 17, 2026 Catella AB (publ) announced that they will report fiscal year 2025 results on Feb 17, 2026 Announcement • Feb 26
Catella AB (publ) announces Annual dividend, payable on May 27, 2025 Catella AB (publ) announced Annual dividend of SEK 0.9000 per share payable on May 27, 2025, ex-date on May 21, 2025 and record date on May 22, 2025. Reported Earnings • Nov 09
Third quarter 2024 earnings released: kr0.26 loss per share (vs kr0.25 loss in 3Q 2023) Third quarter 2024 results: kr0.26 loss per share (further deteriorated from kr0.25 loss in 3Q 2023). Revenue: kr383.0m (down 28% from 3Q 2023). Net loss: kr23.0m (loss widened 4.5% from 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Nov 06
Catella AB (publ) to Report Q1, 2025 Results on May 09, 2025 Catella AB (publ) announced that they will report Q1, 2025 results at 7:00 AM, Central European Standard Time on May 09, 2025 Announcement • Oct 10
Catella AB (publ), Annual General Meeting, May 20, 2025 Catella AB (publ), Annual General Meeting, May 20, 2025. Location: stockholm Sweden Reported Earnings • Aug 22
Second quarter 2024 earnings released: kr0.37 loss per share (vs kr0.95 profit in 2Q 2023) Second quarter 2024 results: kr0.37 loss per share (down from kr0.95 profit in 2Q 2023). Revenue: kr448.0m (down 44% from 2Q 2023). Net loss: kr33.0m (down 139% from profit in 2Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Aug 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.5% to €2.43. The fair value is estimated to be €3.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 2,658% in the next 2 years. Upcoming Dividend • May 16
Upcoming dividend of kr0.90 per share Eligible shareholders must have bought the stock before 23 May 2024. Payment date: 29 May 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.7%). Reported Earnings • May 06
First quarter 2024 earnings released: EPS: kr0.29 (vs kr0.091 loss in 1Q 2023) First quarter 2024 results: EPS: kr0.29 (up from kr0.091 loss in 1Q 2023). Revenue: kr423.0m (down 8.4% from 1Q 2023). Net income: kr26.0m (up kr34.0m from 1Q 2023). Profit margin: 6.1% (up from net loss in 1Q 2023). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • Apr 14
Full year 2023 earnings released: kr0.24 loss per share (vs kr5.56 profit in FY 2022) Full year 2023 results: kr0.24 loss per share (down from kr5.56 profit in FY 2022). Revenue: kr2.02b (down 7.4% from FY 2022). Net loss: kr21.0m (down 104% from profit in FY 2022). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 06
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.4% to €2.37. The fair value is estimated to be €3.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • Feb 16
Dividend of kr0.90 announced Shareholders will receive a dividend of kr0.90. Ex-date: 23rd May 2024 Payment date: 29th May 2024 Dividend yield will be 37%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 9 years. However, payments have been volatile during that time. Reported Earnings • Feb 11
Full year 2023 earnings released: kr0.24 loss per share (vs kr5.56 profit in FY 2022) Full year 2023 results: kr0.24 loss per share (down from kr5.56 profit in FY 2022). Revenue: kr2.33b (up 7.2% from FY 2022). Net loss: kr21.0m (down 104% from profit in FY 2022). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 11
Now 23% undervalued Over the last 90 days, the stock has risen 9.9% to €2.33. The fair value is estimated to be €3.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Jan 05
Now 21% undervalued Over the last 90 days, the stock is up 29%. The fair value is estimated to be €3.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 144% in the next 2 years. Announcement • Oct 31
Catella AB (publ) Appoints Nomination Committee Catella AB (publ) appointed Nomination Committee. The nomination committee before the annual general meeting 2024 comprises Eje Wictorson, appointed by Claesson & Anderzén, Erik Eikeland, appointed by Alcur Fonder and Henrik Abrahamsson, appointed by Symmetry Invest. Eje Wictorson has been appointed as chairman of the nomination committee. Reported Earnings • Oct 29
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr533.0m (up 7.9% from 3Q 2022). Net loss: kr22.0m (down 132% from profit in 3Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Oct 28
Catella AB (publ) to Report Q1, 2024 Results on May 06, 2024 Catella AB (publ) announced that they will report Q1, 2024 results at 7:00 AM, Central European Standard Time on May 06, 2024 New Risk • Aug 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 12% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Buying Opportunity • Aug 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be €2.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to grow by 19% in the next 2 years. Announcement • Jul 25
An unknown buyer acquired 50% stake in Infrahubs AB from Catella AB (publ) (OM:CAT B). An unknown buyer acquired 50% stake in Infrahubs AB from Catella AB (publ) (OM:CAT B) on July 24, 2023.An unknown buyer competed the acquisition of 50% stake in Infrahubs AB from Catella AB (publ) (OM:CAT B) on July 24, 2023. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.54, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Capital Markets industry in Germany. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.78 per share. Announcement • Jun 03
Catella agreed to acquire 60% stake in Aquila Asset Management SAS for approximately €9.6 million. Catella entered into an agreement to acquire 60% stake in Aquila Asset Management SAS for approximately €9.6 million on June 2, 2023. The shares are acquired from local management who will remain minority shareholders. The sellers are entitled to an additional purchase price of approximately €1 million if certain criteria are fulfilled. The acquisition is financed by Catella’s own capital. Closing of the transaction is subject to regulatory approval. Aquila Asset Management SAS has €1.4 billion in assets under management. The acquisition will complement Catella's strong existing Corporate Finance operations in France as well as the continued growth of its pan-European platform. Closing of the transaction is expected during the second half of 2023. Buying Opportunity • Jun 02
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be €3.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to grow by 19% in the next 2 years. Reported Earnings • May 07
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr462.0m (down 21% from 1Q 2022). Net loss: kr8.00m (down 110% from profit in 1Q 2022). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 14
Full year 2022 earnings released: EPS: kr5.55 (vs kr2.13 in FY 2021) Full year 2022 results: EPS: kr5.55 (up from kr2.13 in FY 2021). Revenue: kr2.59b (up 45% from FY 2021). Net income: kr491.0m (up 161% from FY 2021). Profit margin: 19% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Funds under management (FUM) Beginning of period: kr122.7b End of period: kr140.6b Net inflows/outflows: kr4.80b inflow Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 29
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr494.0m (up 31% from 3Q 2021). Net income: kr68.0m (up 94% from 3Q 2021). Profit margin: 14% (up from 9.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to grow by 4.4%. Reported Earnings • Aug 20
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr861.0m (up 78% from 2Q 2021). Net income: kr247.0m (up kr294.0m from 2Q 2021). Profit margin: 29% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 11% compared to a 3.2% decline forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • May 06
Catella AB (publ) (OM:CAT B) agreed to acquire 65% stake in Warsaw Properties Sp. z o.o. for approximately SEK 40 million. Catella AB (publ) (OM:CAT B) agreed to acquire 65% stake in Warsaw Properties Sp. z o.o. for approximately SEK 40 million on May 5, 2022. Warsaw Property Partners has 18 employees. Christian Fojtl, Jacek Wachowicz, and Bartosz Bzoma, Managing Directors, will remain shareholders in Warsaw Properties and have committed to the company for at least another five years. Warsaw Properties will continue to be run by its current management team. The transaction is expected to be completed during the second quarter of 2022. Announcement • Apr 07
Catella Exits its Corporate Finance Operations in the Baltics Following April 1, 2022 press release on Catella winding down its German Corporate Finance operations, Catella announced the decision to exit its Corporate Finance operations in the Baltics. Both decisions were based on a strategic review of the Corporate Finance business area with the aim of identifying markets where Catella Corporate Finance has a strong market position or an opportunity to reach a solid and profitable position. The exit will take place during the second quarter of 2022 and have limited impact on financials. Reported Earnings • Feb 26
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: kr2.13 (up from kr1.44 in FY 2020). Revenue: kr1.81b (down 21% from FY 2020). Net income: kr188.0m (up 50% from FY 2020). Profit margin: 10% (up from 5.5% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 27% compared to a 5.7% decline forecast for the funds industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jan 13
Independent Director recently bought €68k worth of stock On the 11th of January, Tobias Alsborger bought around 16k shares on-market at roughly €4.28 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Jan 12
Athanese Industrial Partners Ltd. acquired a 30% stake in Catella FondfÖRvaltning Ab from Catella AB (publ) (OM:CAT B) for SEK 60 million. Athanese Industrial Partners Ltd. acquired a 30% stake in Catella FondfÖRvaltning Ab from Catella AB (publ) (OM:CAT B) for SEK 60 million on January 10, 2022.
Athanese Industrial Partners Ltd. completed the acquisition of a 30% stake in Catella FondfÖRvaltning Ab from Catella AB (publ) (OM:CAT B) on January 10, 2022. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS kr0.40 (vs kr2.43 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr376.0m (down 50% from 3Q 2020). Net income: kr35.0m (down 84% from 3Q 2020). Profit margin: 9.3% (down from 29% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 27% share price gain to €3.57, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 17x in the Capital Markets industry in Germany. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.28 per share. Reported Earnings • Aug 22
Second quarter 2021 earnings released: kr0.53 loss per share (vs kr0.80 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: kr483.0m (down 7.6% from 2Q 2020). Net loss: kr47.0m (loss narrowed 34% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • May 26
Catella AB (Publ) Approves Dividend Catella AB (publ) at its annual general meeting, adopted to pay a dividend of SEK 0.90 per share to the shareholders and that the remaining profits shall be carried forward. 27 May 2021 was determined as the record date for dividends. Upcoming Dividend • May 19
Upcoming dividend of kr0.90 per share Eligible shareholders must have bought the stock before 26 May 2021. Payment date: 01 June 2021. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.2%). Reported Earnings • May 09
First quarter 2021 earnings released The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: kr314.0m (down 30% from 1Q 2020). Net income: kr99.0m (up kr85.0m from 1Q 2020). Profit margin: 32% (up from 3.1% in 1Q 2020). The increase in margin was driven by lower expenses. Executive Departure • Apr 01
Chief Financial Officer has left the company On the 29th of March, Christoffer Abramson's tenure as Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Christoffer's name. A total of 4 executives have left over the last 12 months. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS kr1.42 (vs kr0.79 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: kr2.31b (down 1.7% from FY 2019). Net income: kr125.0m (up 84% from FY 2019). Profit margin: 5.4% (up from 2.9% in FY 2019). The increase in margin was driven by lower expenses. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue beats expectations Revenue exceeded analyst estimates by 11%. Over the next year, revenue is expected to shrink by 13% compared to a 8.6% growth forecast for the Capital Markets industry in Germany. Announcement • Feb 25
Catella AB (Publ) Appoints Christoffer Abramson as President The Board of Catella appointed Christoffer Abramson as CEO and President of Catella Group. Christoffer will begin his role no later than by the Annual General Meeting, May 25 2021. Christoffer has been the Chief Financial Officer since October 15 2020. Prior to joining Catella Group as Chief Financial Officer, Christoffer was part of building a global real estate group within EF based in the USA. He earlier worked as an operating executive for several Private Equity funds in London and Paris. Christoffer began his career at General Electric where he spent 10 years in various roles, most recently as CFO of GE Real Estate in London. Is New 90 Day High Low • Jan 21
New 90-day high: €2.88 The company is up 42% from its price of €2.03 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.58 per share. Is New 90 Day High Low • Jan 06
New 90-day high: €2.75 The company is up 30% from its price of €2.11 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.55 per share. Is New 90 Day High Low • Nov 27
New 90-day high: €2.43 The company is up 25% from its price of €1.95 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.07 per share. Announcement • Nov 26
Catella AB (Publ) Announces Board Appointments A Nominating Committee has been appointed for Catella AB (publ) pending the Annual General Meeting of 25 May 2021, pursuant to a resolution adopted at the Annual General Meeting held on 26 May 2020 regarding principles for the Nominating Committee. The Nominating Committee comprises the following persons: Eje Wictorson, Chairman of the Nominating Committee and appointed by CA Plusinvest AB. Jan Roxendal, Chairman of the board in Catella AB. Mia Arnhult, appointed by M2 Asset Management AB. Kenneth Andersen, appointed by Strawberry Capital AS. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue beats expectations Revenue exceeded analyst estimates by 25%. Over the next year, revenue is forecast to decline by -16% while the growth in Capital Markets industry in Germany is expected to stay flat. Is New 90 Day High Low • Oct 30
New 90-day low: €1.87 The company is down 3.0% from its price of €1.92 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.92 per share.