Copyright © Inderes 2011 - present. All rights reserved.
  • Seneste
  • Markeder
    • Aktieoversigt
    • Finanskalender
    • Udbyttekalender
    • Research
    • Artikler
  • InderesTV
  • Forum
  • Om os
    • Fulgte selskaber
    • Team
Eksterne analyser

Catella: Earnings trough likely behind us - ABG

Catella

Dette er en ekstern analyse og afspejler ikke nødvendigvis vores perspektiv eller værdier.

Download analyse (PDF)
Earnings growth to pick up from Q2'25e
Estimates down given more cautious view on activity pick-up
2025e-27e EV/EBIT of 5-7x with easy comps


Q1 on the soft side

Catella delivered a softer-than-expected Q1, with EBIT of SEK -43m (5m) below ABGSC expectations of SEK +30m. The results were negatively impacted by both lower transaction-based revenues, restructuring costs and FX headwinds. All three segments reported a sequential drop in earnings. The AUM came in at SEK 148bn, down 5% q-o-q (SEK 7bn), which was in line with ABGSC's forecast. The decrease compared to the end of the fourth quarter was primarily driven by FX, which was down SEK 9bn q-o-q. In EUR terms, the AUM base grew.
Find os på de sociale medier
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Tag kontakt
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • Om os
  • Vores team
  • Karriere
  • Inderes som en investering
  • Tjenester for børsnoterede virksomheder
Vores platform
  • FAQ
  • Servicevilkår
  • Privatlivspolitik
  • Disclaimer
Inderes’ ansvarsfraskrivelse kan findes her. Detaljeret information om hver aktie, der aktivt overvåges af Inderes og HC Andersen Capital, er tilgængelig på de virksomhedsspecifikke sider på Inderes' hjemmeside. © Inderes Oyj. All rights reserved.