Catella AB (STU:SKWB)

Q1 2026 Catella AB Earnings Call Transcript

May 8, 2026 / 08:00 AM GMT

Release Date Price: €1.74 (-9.08%)

Transcript

Key Points

Positve

Catella AB (STU:SKWB) reported an increase in assets under management from 135 billion to 160 billion SEK, driven by a reporting change.
The company has a strong balance sheet, enabling strategic joint ventures, such as the one with Pictet Alternative Advisors for apartment development in Greater Copenhagen.
Catella AB (STU:SKWB) is focusing on expanding recurring revenue streams, which currently account for nearly two-thirds of its income, providing financial stability.
The company plans to launch a share buyback program, subject to AGM approval, which could enhance shareholder value.
Catella AB (STU:SKWB) is strengthening its leadership team with key appointments, aiming to improve operational excellence and execution quality.

Negative

The company reported a net loss of 50 million SEK for Q1 2026, despite improvements in EBIT compared to the previous year.
Assets under management declined by 3 billion SEK during the quarter, excluding the effect of the reporting change, due to softening valuations and termination of mandates in Finland.
The corporate finance division experienced a negative EBIT due to a low number of transactions completed in the quarter, indicating seasonality and market challenges.
Fixed fees as a percentage of AUM have been declining over the past five years, raising concerns about revenue generation from asset management.
Performance fees in investment management are uncertain, with no clear indication of significant improvement in 2026 compared to previous years.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CATb.ST - Catella AB
Q1 2026 Catella AB Earnings Call
May 08, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to the CATELA Q1 2026 report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now, I will hand the conference over to the CEO Rikka Likka and CFO Gustav Johnson. Please go ahead.

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Unidentified_2 [2]
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Good morning and welcome to Catella's earnings call for Q1 26.

With me today is our new CFO, Gissev Janssen. Welcome, Gissev.

We will share an update on our strategy and

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