Catella AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 17, 2023
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Catella AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 483 million compared to SEK 641 million a year ago. Revenue was SEK 786 million compared to SEK 861 million a year ago. Net income was SEK 84 million compared to SEK 247 million a year ago. Basic earnings per share from continuing operations was SEK 0.95 compared to SEK 2.8 a year ago. Diluted earnings per share from continuing operations was SEK 0.95 compared to SEK 2.73 a year ago.
For the six months, sales was SEK 850 million compared to SEK 974 million a year ago. Revenue was SEK 1,248 million compared to SEK 1,442 million a year ago. Net income was SEK 76 million compared to SEK 326 million a year ago. Basic earnings per share from continuing operations was SEK 0.86 compared to SEK 3.69 a year ago. Diluted earnings per share from continuing operations was SEK 0.84 compared to SEK 3.59 a year ago.
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).