Q1 2025 Catella AB Earnings Call Transcript
Key Points
- Catella AB (FRA:SKVB) manages approximately SEK150 billion in assets under management, indicating a strong market presence.
- The company has operations in 12 countries and assets in 16, showcasing its extensive international reach.
- Investment Management saw inflows exceed outflows, with a small increase of EUR150 million in AUM compared to year-end.
- The French SCPI fund Upeka was among the top five performers in the market with nearly 8% return last year, boosting capital raising efforts.
- The divestment of Kaktus Towers is expected to add nearly SEK260 million to the operating profit in 2025, strengthening the financial position.
- Revenues decreased by SEK20 million year-on-year due to relatively slow transaction activity.
- FX translation effects, as the SEK strengthened, had a substantial negative effect on financial net, impacting earnings per share.
- The quarter saw a significant decrease in variable revenues, the lowest result in the last 16 quarters, due to limited transaction activity.
- Corporate Finance experienced low transaction volumes, affecting the business area's top line and EBIT.
- Restructuring costs of SEK7 million were incurred in Corporate Finance, impacting quarterly results.
So good morning, everybody, and welcome to Catella's Interim Report for the First Quarter of 2025. My name is Daniel Gorosch, Interim CEO of Catella Group; and together with Michel Fischier, CFO and Head of Investor Relations, we will walk you through the highlights of the first quarter of 2025. After the presentation, we will open up for a Q&A session. And the material and reports are, as always, available on our website. So I'd like to start the presentation with a brief overview of Catella starting on Page 3.
So today's Catella Group, we are managing approximately SEK150 billion in assets under management with a revenue base just north of SEK2 billion and we have operations in 12 countries, assets in 16 and this is backed by nearly 500 employees. So we operate in three property-focused business areas: Investment Management, Principal Investments and Corporate Finance.
And although real estate has had a couple of challenging years recently, we are supported by a long-term growth trajectory as portfolio allocation to real assets is
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
