New Risk • Jul 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.9% operating cash flow to total debt). Shares are highly illiquid. Earnings are forecast to decline by an average of 5.4% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Jul 07
Second quarter 2026 earnings released: EPS: kr10.72 (vs kr4.06 in 2Q 2025) Second quarter 2026 results: EPS: kr10.72 (up from kr4.06 in 2Q 2025). Revenue: kr809.0m (up 26% from 2Q 2025). Net income: kr712.0m (up 191% from 2Q 2025). Profit margin: 88% (up from 38% in 2Q 2025). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Real Estate industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Jul 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.9% operating cash flow to total debt). Shares are highly illiquid. Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Announcement • Jul 06
Catena AB (publ) to Report Q1, 2027 Results on Apr 29, 2027 Catena AB (publ) announced that they will report Q1, 2027 results on Apr 29, 2027 Declared Dividend • Jul 01
Dividend of kr4.75 announced Shareholders will receive a dividend of kr4.75. Ex-date: 26th October 2026 Payment date: 30th October 2026 Dividend yield will be 2.3%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Declared Dividend • Jun 01
Dividend of kr4.75 announced Shareholders will receive a dividend of kr4.75. Ex-date: 26th October 2026 Payment date: 30th October 2026 Dividend yield will be 2.2%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 03
Catena Appoints Johan Jaxell as Head of Technology and Sustainability and A Member of Management Team Catena appoints Johan Jaxell as Head of Technology and Sustainability and a member of Catena's management team. Johan Jaxell has been employed by Catena since 2024. Before joining Catena Johan worked as Due Dilligence Manager and Manager of group energy solutions at Heimstaden and in various positions within Sweco. Once the management change has been implemented in March 2026, Catena's management team will comprise the following individuals and positions. CEO Jörgen Eriksson, Head of Property Johan Franzén, Head of Technology and Sustainability Johan Jaxell, Head of Business and Projects Adam Ljungviken, Head of HR Malin Nissen, Head of Marketing and Communications Annie Nyblom and CFO Magnus Thagg. Announcement • Feb 21
Catena AB (publ), Annual General Meeting, Apr 23, 2026 Catena AB (publ), Annual General Meeting, Apr 23, 2026. Announcement • Feb 06
Catena Announces Departure of Head of Sustainability Amanda Thynell, Effective Spring 2026 Catena announced that Amanda Thynell, Head of Sustainability at Catena since 2022, has decided to leave the company to take on new professional challenges in the field of sustainable community development. During her time at Catena, Amanda has led and further developed the company's strategic sustainability initiatives. This work has included target-setting and governance matters as well as initiatives to increase energy efficiency and strengthen industry collaboration, including the #HusFörHus initiative. Amanda will leave Catena during the spring of 2026. Meeting date: February 5, 2026. Announcement • Apr 29
Catena AB (Publ) Approves Dividend for 2024 Catena AB (publ) at its Annual General Meeting held on 28 April 2025 resolved on a dividend of SEK 9.00 per share be paid, to be disbursed on two occasions, each at SEK 4.50 per share. The record dates for receipt of dividends were determined to be 30 April 2025 and 30 October 2025. Payment is expected to be made via Euroclear Sweden AB 3 banking days after each respective record date. Announcement • Mar 24
Catena AB (Publ) Proposes Dividend for 2024, Payable on 6 May 2025 and 4 November 2025 The Board of Catena AB (publ) proposed that a dividend of SEK 9.00 per share be paid for 2024 (previously SEK 8.50 per share) to be disbursed on two occasions, each at SEK 4.50 per share. The record dates for receipt of dividends are proposed as 30 April 2025 and 30 October 2025. If the Meeting approves the proposal, payment is expected to be made from Euroclear Sweden AB on 6 May 2025 and 4 November 2025, respectively. Announcement • Mar 07
Catena AB (publ), Annual General Meeting, Apr 28, 2025 Catena AB (publ), Annual General Meeting, Apr 28, 2025. Announcement • Apr 27
Catena AB (Publ) Approves Dividend for the Year 2023, Payable on 3 May 2024 and 1 November 2024, Respectively Catena AB (publ) at its Annual General Meeting held on 25 April 2024, approved a dividend of SEK 8.50 per share be paid for 2023, to be disbursed on two occasions, each at SEK 4.25 per share. The record dates for receipt of dividends were determined to be 29 April 2024 and 29 October 2024. Payment is expected to be made via Euroclear Sweden AB on 3 May 2024 and 1 November 2024. Announcement • Mar 13
Catena AB (publ) has filed a Follow-on Equity Offering. Catena AB (publ) has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 4,660,344
Transaction Features: Subsequent Direct Listing Announcement • Mar 09
Catena AB (Publ) Announces Nomination Committee for 2024 Annual General Meeting Catena AB (publ) announced that the Nomination Committee in preparation for the 2024 Annual General Meeting consists of: Lennart Mauritzson, Chairman of the Board, appointed by Backahill Inter AB Markus Wallentin, Chairman of the Nomination Committee, appointed by WDP NV/SA, Johannes Wingborg, appointed by Länsförsäkringar Fondförvaltning AB, Benjamin Woesthoff, appointed by PGGM Investments. Announcement • Oct 15
Catena AB (Publ) Appoints Nomination Committee in Preparation for the 2024 Annual General Meeting Catena AB (publ) appointed a Nomination Committee consisting of representatives of the four shareholders and the Chairman. If any one of the four shareholders declines to appoint a representative, the Chairman shall urge the next-largest shareholder to appoint a shareholder representative. In accordance with the decision, the members of the Nomination Committee and the shareholders they represent shall be announced as soon as they have been appointed. The Nomination Committee now has the following composition: Lennart Mauritzson appointed by Backahill Inter AB and Chairman of the Board Markus Wallentin appointed by WDP NV/SA, Johannes Wingborg appointed by Länsförsäkringar Fondförvaltning AB, Benjamin Woesthoff appointed by PGGM Investments. The Chairman of the Nomination Committee is Markus Wallentin, while the Chairman of the Board, Lennart Mauritzson, convenes the Committee. Combined, the four shareholder representatives hold approximately 41.95% of the votes in Catena as of 1 October 2023. Announcement • Oct 10
Catena Begins Development of Logistics Position Soderasen Catena began development of Logistics Position Söderåsen. Catena has owned the Vrams Gunnartorp 1:15 property in Bjuv municipality for some time. The property is located in an excellent logistics location close to the E4 motorway, with quick access to the E6 motorway and it comprises a total land area of 565,000 square meters. The zoning plan for the area has now gained legal force, which opens up for the establishment of sustainable and efficient logistics facilities that can enable 2000 new jobs. Logistics facilities should be attractive workplaces where people thrive. When building, Catena therefore sets high standards and works with certifications as a tool to ensure robust and resilient buildings. Measures to minimize the CO2 footprint of buildings are an important part of both project development and operation. Catena also seeks smart solutions for energy supply, where a combination of solar cells and battery storage is becoming increasingly common. Furthermore, Catena places high demands on architectural design and promotes biodiversity at logistics facilities by creating well-considered green spaces. The land in question is located close to the border with Åstorp municipality at Åstorp's southern industrial area. Seafrigo already operates there in a newly built logistics facility that Catena built in 2021 on the Broby 57:5 property. Announcement • Oct 06
Catena AB (publ) (OM:CATE) completed the acquisition of Bockasjö AB from Bockasjö Capital Ab, Frankenius Equity AB and senior executives for approximately SEK 480 million. Catena AB (publ) (OM:CATE) agreed to acquire Bockasjö AB from Frankenius Equity AB, Bockasjö Capital Ab and other senior executives for approximately SEK 460 million on July 4, 2023. Bockasjö Capital Ab will sell 34% shares, Frankenius Equity AB will sell 34%, and senior executives will sell 32% stake in Bockasjö. Additional considerations based on future project of SEK 125 million will be paid via newly issued Catena shares. Joakim Hedin will leave his post as chief executive officer of Bockasjö AB. Bockasjö has three ongoing projects that will be completed after the acquisition, these will be divested to an external party upon completion and will not become part of Catena’s property portfolio. The deal is expected to close in October 2023. 1978980610 acted as legal advisor to Catena AB in the transaction.
Catena AB (publ) (OM:CATE) completed the acquisition of Bockasjö AB from Bockasjö Capital Ab, Frankenius Equity AB and senior executives for approximately SEK 480 million on October 4, 2023. Announcement • Jul 06
Catena AB (publ) (OM:CATE) agreed to acquire Bockasjö AB from Frankenius Equity AB, Bockasjö Capital Ab and other senior executives for approximately SEK 460 million. Catena AB (publ) (OM:CATE) agreed to acquire Bockasjö AB from Frankenius Equity AB, Bockasjö Capital Ab and other senior executives for approximately SEK 460 million on July 4, 2023. Bockasjö Capital Ab will sell 34% shares, Frankenius Equity AB will sell 34%, and senior executives will sell 32% stake in Bockasjö. Additional considerations based on future project of SEK 125 million will be paid via newly issued Catena shares. Joakim Hedin will leave his post as chief executive officer of Bockasjö AB. Bockasjö has three ongoing projects that will be completed after the acquisition, these will be divested to an external party upon completion and will not become part of Catena’s property portfolio. The deal is expected to close in October 2023. Reported Earnings • Apr 28
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr446.0m (up 19% from 1Q 2022). Net loss: kr444.0m (down 149% from profit in 1Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.2% decline forecast for the Real Estate industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 22
Upcoming dividend of kr4.13 per share at 2.1% yield Eligible shareholders must have bought the stock before 28 April 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (4.6%). Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: kr40.00 (vs kr66.63 in FY 2021) Full year 2022 results: EPS: kr40.00 (down from kr66.63 in FY 2021). Revenue: kr1.54b (up 12% from FY 2021). Net income: kr2.00b (down 26% from FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.5% decline forecast for the Real Estate industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 01
Independent Director recently bought kr98k worth of stock On the 25th of November, Katarina Wallin bought around 245 shares on-market at roughly kr401 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth kr1.1m. Insiders have collectively bought kr1.2m more in shares than they have sold in the last 12 months. Announcement • Dec 01
Catena AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 1.64165 billion. Catena AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 1.64165 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 4,534,944
Price\Range: SEK 362 Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 17% share price gain to kr416, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Real Estate industry in the United Kingdom. Total returns to shareholders of 12% over the past three years. Announcement • Oct 22
Catena Announces Board Appointments Catena’s Annual General Meeting on 28 April 2022 decided to appoint a Nomination Committee consisting of representatives of the four larger shareholders and the Chairman. The Nomination Committee now has the following composition: Lennart Mauritzson appointed by Backahill Inter AB and Chairman of the Board. Anders Nelson appointed by WDP NV/SA. Johannes Wingborg appointed by Länsförsäkringar Fondförvaltning AB. Benjamin Woesthoff appointed by PGGM Investments. The Chairman of the Nomination Committee is Anders Nelson, while the Chairman of the Board, Lennart Mauritzson, convenes the Committee. Reported Earnings • Jul 08
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr383.0m (up 12% from 2Q 2021). Net income: kr951.0m (up 175% from 2Q 2021). Over the next year, revenue is forecast to grow 5.9% compared to a 13% decline forecast for the industry in the United Kingdom. Announcement • Jul 08
Catena Appoints Amanda Thynell as Head of Sustainability and A Member of Management Team Catena AB (publ) appointed Amanda Thynell as Head of Sustainability and a member of Catena's management team. Amanda Thynell has been employed by Catena since 2021, currently as Sustainability Controller. Before joining Catena she worked in various positions focusing on sustainability and CSR-performance within the retail sector and she has a solid educational background. Once these management changes have been implemented in August 2022, Catena's management team will comprise the following individuals and positions: Jörgen Eriksson, CEO; Sofie Bennsten, Deputy CEO/CFO; Annie Nyblom, Head of Marketing and Communications; David Silvesjö, Chief Treasury Officer; Johan Franzén, Head of Business and Property; Malin Nissen, Head of HR and Amanda Thynell, Head of Sustainability. Announcement • Jun 18
Catena AB (publ) to Report Q1, 2023 Results on Apr 27, 2023 Catena AB (publ) announced that they will report Q1, 2023 results at 3:00 PM, Central European Standard Time on Apr 27, 2023 Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 29% share price decline to kr417, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Real Estate industry in the United Kingdom. Total returns to shareholders of 72% over the past three years. Announcement • Apr 01
Catena AB (Publ) Appoints Johan Franzén as New Head of Business and Property and as A Member of the Company's Management Team Catena AB announced the appointment of Johan Franzén as new head of Business and Property and as a member of the company's management team. Most recently, Franzén was business area manager Industry and Logistics at the property company Platzer where he has been employed since 2020. Prior to that, he has a long and solid background in logistics and real estate, including the manager for the regions Gothenburg and Jönköping at Catena. Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr66.63 (up from kr40.51 in FY 2020). Revenue: kr1.38b (up 10.0% from FY 2020). Net income: kr2.69b (up 76% from FY 2020). Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 8.1% compared to a 7.3% decline forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Feb 22
Catena AB (publ) Proposes Dividend Catena AB (publ) proposed that a dividend of SEK 8.00 (7.50) per share, corresponding to an increase of 7%, be paid out on two occasions, with SEK 4.00 per share being paid on each occasion. Reported Earnings • Oct 30
Third quarter 2021 earnings released Third quarter 2021 results: Revenue: kr354.5m (up 12% from 3Q 2020). Net income: kr512.1m (up 6.3% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 41% per year. Upcoming Dividend • Oct 26
Upcoming dividend of kr3.75 per share Eligible shareholders must have bought the stock before 02 November 2021. Payment date: 08 November 2021. Trailing yield: 1.4%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (2.1%). Reported Earnings • Jul 08
Second quarter 2021 earnings released: EPS kr8.40 (vs kr4.77 in 2Q 2020) Second quarter 2021 results: Revenue: kr342.4m (up 12% from 2Q 2020). Net income: kr346.2m (up 93% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 35% per year and the company’s share price has also increased by 35% per year. Executive Departure • May 04
Independent Director has left the company On the 30th of April, Tomas Andersson's tenure as Independent Director ended after 3.0 years in the role. We don't have any record of a personal shareholding under Tomas' name. Tomas is the only executive to leave the company over the last 12 months. Reported Earnings • May 01
First quarter 2021 earnings released: EPS kr18.36 (vs kr3.81 in 1Q 2020) First quarter 2021 results: Revenue: kr329.4m (up 5.3% from 1Q 2020). Net income: kr756.4m (up 426% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 34% per year. Upcoming Dividend • Apr 25
Upcoming dividend of kr3.75 per share Eligible shareholders must have bought the stock before 30 April 2021. Payment date: 06 May 2021. Trailing yield: 1.7%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (2.4%). Announcement • Mar 12
Tomas Andersson Declines Re-Election At Catena AB (Publ) Catena AB (publ) announced that Tomas Andersson has declined re-election. Reported Earnings • Feb 21
Full year 2020 earnings released: EPS kr40.51 (vs kr32.46 in FY 2019) Full year 2020 results: Revenue: kr1.26b (up 7.5% from FY 2019). Net income: kr1.53b (up 25% from FY 2019). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 21
Revenue beats expectations Revenue exceeded analyst estimates by 0.09%. Over the next year, revenue is forecast to grow 6.4% compared to a 8.9% decline forecast for the Real Estate industry in the United Kingdom. Recent Insider Transactions • Jan 17
Chief Executive Officer recently bought kr781k worth of stock On the 14th of January, Jörgen Eriksson bought around 2k shares on-market at roughly kr390 per share. This was the largest purchase by an insider in the last 3 months. This was Jörgen's only on-market trade for the last 12 months. Announcement • Oct 30
Catena Appoints Jörgen Eriksson as New CEO, Effective November 1, 2020 Catena announced that its Board of Directors has appointed Jörgen Eriksson as new CEO. Jörgen will step into his new role on 1 November, succeeding Benny Thögersen who announced on 21 September that he will be leaving Catena. Jörgen Eriksson has been employed by Catena since 2016. His current role is as Deputy CEO and Head of Business and Property, and he is a member of the company's senior management team. He was previously Catena's regional manager for Malmö, and was responsible, among other things, for driving forward the development of Logistics Position Sunnanå. Announcement • Sep 22
Benny Thögersen to Step Down as President of Catena During 2021 Benny Thögersen, President has informed the Board of Directors of Catena that he has decided to leave the company. Announcement • Sep 21
Benny Thögersen to Step Down as CEO of Catena Benny Thögersen to step down as CEO of Catena during 2021. To ensure a smooth transition, Benny will continue working as CEO until a successor is in place. The Board of Directors will initiate a recruitment process. 
