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Catella (CAT) investor relations material
Catella Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
European platform spanning 12 countries, with ~470 employees and SEK 162.2bn AUM across Investment Management and Corporate Finance.
Transformation focuses on earnings quality, profitability and efficiency; execution and delivery of benefits are priorities from 2027.
Financial highlights
Q3 total income was SEK 359m, down from SEK 393m; net sales were SEK 351m, down from SEK 378m.
Gross profit rose 4% to SEK 296m; reported operating result was SEK -16m versus SEK 7m, while adjusted operating result was SEK 15m, up SEK 20m YoY.
Q3 net loss was SEK 20m versus SEK 28m, with EPS of SEK -0.23 versus SEK -0.32.
Q3 operating costs included a SEK 21m negative fair value adjustment and SEK 11m of transformation costs; reported results also reflected fair value movements.
Outlook and guidance
2026 restructuring actions are expected to cost SEK 30m and generate SEK 40m in annual efficiency gains on a 12-month run-rate basis from 2027.
A federated operating model is planned from 1 January 2027; digitalization and efficiency initiatives are intended to run through 2028.
Further cost and margin improvements are under review, with one-off costs intended to be tied to recurring savings.
Fund launches and regional asset-management mandates are being explored; timing for potential fund launches could be 2027 or 2028.
- Underlying earnings quality improved despite lower revenues, with AUM at SEK 161Bn and share buybacks ongoing.CAT
Q2 2026 - Improved EPS and recurring revenues, with AUM growth and capital optimization initiatives.CAT
Q1 2026 - Robust 2025 performance with higher EBIT, stable AUM, and positive 2026 outlook.CAT
Q4 2025 - Steady AUM growth, strong cash, and pan-European focus drive long-term value.CAT
ABGSC Investor Days - AUM rose to SEK 160 Bn in Q3, with strong liquidity despite lower operating profit.CAT
Q3 2025 - Q2 profit soared on Kaktus sale, with AUM and net cash position both rising sharply.CAT
Q2 2025 - Stable AUM, cost savings, and strong liquidity position the group for gradual recovery.CAT
Q3 2024 - Q2 revenue and profit fell, but AUM rose to SEK 153 Bn and cost cuts improved efficiency.CAT
Q2 2024 - Q4 revenue up 39%, EBIT surged, and AUM reached SEK 155.1bn amid market recovery.CAT
Q4 2024
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