Catella AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 27, 2023 at 01:00 am EDT
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Catella AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 393 million compared to SEK 404 million a year ago. Revenue was SEK 534 million compared to SEK 508 million a year ago. Net loss was SEK 22 million compared to net income of SEK 68 million a year ago. Basic loss per share from continuing operations was SEK 0.25 compared to basic earnings per share from continuing operations of SEK 0.77 a year ago. Diluted loss per share from continuing operations was SEK 0.25 compared to diluted earnings per share from continuing operations of SEK 0.75 a year ago.
For the nine months, sales was SEK 1,243 million compared to SEK 1,378 million a year ago. Revenue was SEK 1,793 million compared to SEK 1,950 million a year ago. Net income was SEK 54 million compared to SEK 394 million a year ago. Basic earnings per share from continuing operations was SEK 0.62 compared to SEK 4.46 a year ago. Diluted earnings per share from continuing operations was SEK 0.6.
Catella AB is a Sweden-based company active in the financial sector. Its business is divided into two segments: Corporate Finance and Asset Management. The Corporate Finance operations offer financial advisory services in the areas of sales and acquisitions, debt and equity, and valuation and research. The Asset Management offers institutions, companies and individuals financial products and advisory services in the areas of fund management and wealth management. The Company operates through more than 30 offices in Sweden, Denmark, Estonia, Finland, France, Luxembourg, Germany, Italy, Latvia, Lithuania, Norway, Spain and the United Kingdom. It has a subsidiary active in the real estate sector, Link Prop Investment AB, and holds majority stakes in EKF Enskild Kapitalforvaltning AB and IPM Informed Portfolio Management (IPM).
CATELLA AB 
