Q2 2025 Catella AB Earnings Call Transcript
Key Points
- Catella AB (LTS:0RL4) reported a strong second quarter, driven by the successful sale of Kaktus Towers, which significantly boosted EBIT.
- Investment management showed year-over-year improvement, with inflows exceeding outflows, and AUM reaching SEK157 billion.
- Corporate finance turned from negative results to slightly positive, supported by a recovering transaction market and efficiency initiatives.
- The company has a robust capital position with a cash position of SEK1.7 billion, allowing for strategic investments and debt reduction.
- Catella AB (LTS:0RL4) has a long-term growth trajectory supported by increasing portfolio allocation to real assets and a strong pan-European platform.
- The percentage of income from fixed recurring revenue decreased due to the non-recurring nature of the Kaktus Towers sale.
- Despite improvements, the corporate finance segment still requires further margin improvement to reach desired profitability levels.
- The market recovery is slow, and there are potential setbacks from tariff turmoil and increased uncertainties.
- There were delays in milestone payments and developments in property investments, affecting shareholder EBIT contributions.
- The company faces challenges in maintaining AUM in funds due to a cautious market and lower interest in core fund investments.
So good morning, everybody, and welcome to this webinar, where we will present Catella's interim report for the second quarter of 2025. My name is Daniel Gorosch, and today will be my last presentation as the Interim CEO of Catella Group. Together with me in the room is also Rikke Lykke, Catella's new CEO. And as always, we also have Michel Fischier, CFO and Investor Relations -- Head of Investor Relations.
So before we will walk you through the highlights for the second quarter of 2025, I leave the floor to -- for Rikke to introduce herself.
Thank you, Daniel. I've truly been looking forward to this moment for some time now, and I'm thrilled to be back to finally be onboard. I'm just a few days in, but I must say that I've already experienced the strong engagement and entrepreneurial spirit here at Catella, which Catella is built on. I am happy to have this opportunity to be part of the market presentation today together with
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