Growth remained solid and profit improved in the asset managing operations at the start of the 2015, driven by the expanding business and sound underlying cost control. Although Q1 is seasonally weak in terms of Corporate Finance’s profitability, underlying activity remained high, and we’re well-positioned to participate in the growing interest in properties as an asset class.
First quarter 2015
- Total income SEK 419 M (267)
- Net sales SEK 413 M (262)
- Operating profit/loss* SEK 49 M (18)
- Profit/loss before tax SEK 52 M (26)
- Profit after tax SEK 43 M (15), of which attributable to parent company owners SEK 35 M (15)
- Earnings per share** SEK 0.43 (0.18)
- Equity was SEK 1,248 M (946)
- Equity per share was** SEK 14.09 (11.25)
Corporate Finance
- First quarter: total income SEK 87 M (70), of which net sales SEK 86 M (70)
- First quarter: operating profit/loss* SEK -15 M (-8)
- First quarter: property transaction volumes of SEK 6.7 Bn (9.7), of which France SEK 2.8 Bn (4.4), Sweden SEK 2.4 Bn (4.8) and Germany SEK 0.6 Bn (0.1)
Asset Management and Banking
- First quarter: total income SEK 334 M (198), of which net sales SEK 329 M (192)
- First quarter: operating profit/loss* SEK 72 M (31)
- First quarter: asset under management increased by SEK 8.8 Bn (7.8), amounting to SEK 131.2 Bn (60.1) as of 31 March 2015. Net inflows were SEK 4.3 Bn (6.5)
“Growth remained solid and profit improved in the asset managing operations at the start of the 2015, driven by the expanding business and sound underlying cost control. Although Q1 is seasonally weak in terms of Corporate Finance’s profitability, underlying activity remained high, and we’re well-positioned to participate in the growing interest in properties as an asset class”, says Knut Pedersen, Catella’s CEO and President.