Månad: mars 2020

Arise repurchases bonds

Posted on by Isabella

Arise today announces that it has repurchased bonds with a nominal value of SEK 50,000,000. The repurchase of bonds concerns the company’s secured bonds with a nominal amount outstanding of SEK 650,000,000 (ISIN: SE0010920900). The bonds have a floating rate corresponding to STIBOR 3m plus 4.5 percent and are due in March 2021. The purchase price corresponds to 97.5 percent of the nominal value of the bonds, i.e. SEK 48,750,000.

The purpose of the repurchase is to decrease gross debt and improve Arise’s net financials. The repurchase has been made possible by the company’s strong cash position. Following the purchase, Arise’s holding in the above-mentioned bonds amounts to a nominal amount of SEK 150,000,000.

Halmstad 19 March, 2020

ARISE AB (publ)

For further information, please contact:
Linus Hägg, CFO Arise AB, +46 702 448 916
Daniel Johansson, CEO Arise AB, +46 702 244 133

This information is information that Arise AB is obliged to make public pursuant to the EU MarketAbuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.25 CET on 19 March, 2020.

Board and management changes in Catella AB

Posted on by Isabella

The Board of directors of Catella AB (publ) has decided to appoint Chairman Johan Claesson as acting CEO as of April 14, 2020. In conjunction with Johan Claesson taking over as CEO, the current Board member Jan Roxendal will take up the role as acting Chairman of the Board. Eva Bång will take up the position as acting CFO.

Catella’s current CEO Knut Pedersen, who will continue in his role until April 14, will assist with handover and certain matters until May 17, 2020.

Jan Roxendal has been a Board member of Catella AB since 2011 and member of the Audit Committee and Chairman of the Remuneration Committee since 2016. Jan Roxendal is currently Chairman of the Board of the Second Swedish National Pension Fund (AP 2) and Board member of Magnolia Bostad and has a background as CEO of Gambro AB, CEO of Intrum Jusitia Group and Vice President ABB Group.

Johan Claesson has been a member of the Board of Catella AB since 2008 and Chairman of the Board since 2011 and will now continue to be a member of the Board.

Eva Bång, who is appointed acting CFO, most recently comes from the position as Global CFO for Ingka (IKEA) Centres and has previously been Vice President and CFO of Hemsö Fastighets AB. Current CFO Marcus Holmstrand will remain in his role until April 14, and will then assist with handover during the remaining notice period.

The recruitment of a permanent CEO and CFO is ongoing with the ambition that both candidates will be in place before the end of the year.
For further information, please contact:

Johan Claesson, Acting CEO and President
+46 70 547 16 36

Jonas Burvall, Head of Group Communications
+46 766 27 97 55
jonas.burvall@catella.se

 

This is information that Catella AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 09:15 a.m. CET on 13 March 2020.

Catella is a leading specialist in property investments and fund management, with operations in 15 countries. The group has assets under management of approximately SEK 170 billion. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more online at catella.com.

 

 

Year-end report 2019

Posted on by Isabella

Claesson & Anderzén AB has published its annual report for 2019. The annual report can be downloaded from the website: www.claessonanderzen.com.

Rental income amounted to SEK 626 M (587) during 2019 and the operating surplus of the property management amounted to SEK 392 M (360). The Group’s total management volume increased during the year and the increase was mainly concentrated to the Stockholm region. The occupancy rate at the end of the year was 94 % (93).

Only one property sale was completed in 2019, the sale of a commercial property in Jönköping. Profit from property sales amounted to SEK 283 M (265). The department of construction has had an increased focus on construction projects intended for own management. The result from external projects in 2019 amounted to SEK 13 M (50).

The agricultural operations’ earnings in 2019 amounted to SEK 1 M (115). The decline in earnings is due to negative weather conditions and a great strengthening of the Ukrainian currency during the later part of the year. Weather conditions, mainly in the form of unfavorable rainfall, has had a negative impact on growth and the volume produced has thus decreased. The sale of grain is mainly priced in USD and the stronger domestic currency has meant that the revenue in local currency, which is mostly realized at the end of the year, has decreased as a result of the domestic currency appreciation.

The Group’s net financial income improved significantly in 2019 compared with the previous year. Net financial items in 2019 amounted to SEK -58 M (-308). Net financial items include the Group’s holdings in Catella AB (publ), which is reported as an associated company. At the end of 2019, the Group’s average loan interest rate was 2.30 % (2.75).

Consolidated profit after tax in 2019 amounted to SEK 359 M (263). The equity/assets ratio, not taking into account market values, was 41 % (42) at the end of 2019. The total value of the Group’s property portfolio is assessed at the closing rate, based on external valuations amounting to SEK 12.9 billion (11.6, not external valuation). Adjusted equity/assets ratio is thus 61 % (66).

The Group is well prepared for the future with strong cash flows, a low loan-to-value ratio and a well-differentiated project portfolio.