The nomination committee proposes new chairman of the Catella AB board of directors

The nomination committee has resolved to propose that Sofia Watt be elected chairman of the Catella AB board of directors at the annual general meeting on 22 May 2024. In addition, Pernilla Claesson is proposed as new board member. The background is that current chairman of the board, Johan Claesson, informed the nomination committee not being available for re-election.

“After many years as chairman of the board, and for a period board member and CEO of Catella AB, the time has come to make room for a new generation. I have great confidence in the group management and the proposed board. I will of course continue to follow Catellas’ development with great interest in my capacity as shareholder”, said Johan Claesson, current chairman of the board.

“The nomination committee would like to convey our gratitude to Johan Claesson for his essential contribution during his 15 years at Catella. Johan has played a very important part in the company that Catella has become. The nomination committee is very pleased being able to propose Sofia Watt as new chairman of the board and Pernilla Claesson as new board member. We are convinced that Sofia Watt’s extensive experience within pan-European property investments and funds will contribute to a chairmanship managing Catella’s legacy as well as contributing to continued growth”, said Eje Wictorson, chairman of the nomination committee.

Johan Claesson has been chairman of the board of Catella AB since 2008 and will continue to be the majority shareholder in the company through the Claesson & Anderzén group. Sofia Watt was elected as new board member of Catella AB at the 2023 annual general meeting. Sofia Watt has extensive experience in the international private equity and real estate market in roles such as Head of Asset Management, Managing Director, at Deutsche Finance International, Head of Asset Management Real Estate and Managing Director at EQT and before that i.e. positions as Executive Director at Pramerica Real Estate Investors Ltd (PGIM) and Senior Asset Manager at Cambridge Place Investment Management.

As a part of the Catella board succession planning, Pernilla Claesson is also proposed as new board member. Pernilla Claesson has long been active within the Claesson & Anderzén group in roles such as investment manager and regional manager.

If the general meeting resolves in accordance with the nomination committee’s proposals, the nomination committee´s ambition for a balanced board, as evident from the diversity policy for the composition of the board, will be fulfilled. The nomination committee continues to prepare its proposals for the annual general meeting 2024 and will publish its complete proposals no later than in connection with the notice to convene the annual general meeting.

The nomination committee comprises Eje Wictorson (chairman), appointed by Claesson & Anderzén, Erik Eikeland, appointed by Alcur Fonder and Henrik Abrahamsson, appointed by Symmetry Invest.

For more information, please contact:
Eje Wictorson
Chairman of the nomination committee
+46 (0) 480 574 55
eje.wictorson@claessonanderzen.com

This information is information that Catella must disclose in accordance with EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 1 March 2024 at 10.21 CET.

Notice to extraordinary general meeting in Catella AB

The extraordinary general meeting in Catella AB, reg. no. 556079-1419, (the ”Company” or ”Catella”) will be held on Wednesday 20 March 2024 at 4:00 p.m. CET at Advokatfirman Cederquist’s premises, Hovslagargatan 3, SE‑111 48 Stockholm. Registration will commence at 3:30 p.m. CET. The board of directors has resolved that shareholders shall be able to exercise their voting rights also by postal voting ahead of the extraordinary general meeting, in accordance with § 11 of the Company’s articles of association.

Right to participate and notification
Shareholders who wish to participate in the extraordinary general meeting shall:

  • be recorded in the share register maintained by Euroclear Sweden AB concerning the circumstances on the record day on Tuesday 12 March 2024; and
  • give notice to attend the extraordinary general meeting no later than Thursday 14 March 2024.

Notice to attend can be given by post to Catella AB, ”Extraordinary General Meeting 2024”, c/o Euroclear Sweden AB, P.O. Box 191, SE-101 23 Stockholm, Sweden, by telephone +46(0)8‑402 91 33 or via Euroclear Sweden AB’s website https://anmalan.vpc.se/euroclearproxy. When giving notice of attendance, please state your name or company name, personal identification number or company registration number, address and telephone number. The registration procedure described above also applies to advisors.

Shareholders who wish to use the possibility of postal voting in advance shall do so in accordance with the instructions under the heading ”Postal voting” below.

Nominee registered shares
To be entitled to participate in the extraordinary general meeting, a shareholder whose shares are nominee registered must have the shares re-registered in their own name so that the shareholder is recorded in the presentation of the share register as per Tuesday 12 March 2024. Such registration may be temporary (so-called voting right registration) (Sw. rösträttsregistrering) and is requested from the nominee in accordance with the nominee’s procedures in such time in advance as determined by the nominee. Voting right registrations effected by the nominee no later than Thursday 14 March 2024 will be considered in the presentation of the share register.

Proxies etc.
Shareholders who wish to attend the meeting venue in person or by proxy are entitled to bring one or two advisors. Shareholders who wish to bring advisors shall state this in connection with their notification. Shareholders who are represented by a proxy shall issue a written and dated power of attorney for the proxy. If the power of attorney has been issued by a legal entity, a certificate of registration or corresponding authorization documents shall be enclosed. To facilitate the registration at the general meeting, powers of attorney as well as certificates of registration and other authorization documents should be received by the Company at the above-mentioned address no later than 14 March 2024. A proxy form is available on the Company’s website, www.catella.com.

Postal voting
A certain form shall be used for postal voting. The postal voting form is available at the Company’s website, www.catella.com.

The completed and signed postal voting form shall be submitted by post to Catella AB, ”Extraordinary General Meeting 2024”, c/o Euroclear Sweden AB, P.O. Box 191, SE-101 23 Stockholm, Sweden or by e-mail to GeneralMeetingService@euroclear.com. The completed and signed form must be received by Euroclear Sweden AB, who administers the forms on behalf of the Company, no later than by Thursday 14 March 2024. Shareholders may also cast their postal votes electronically via BankID verification as per the instructions available on Euroclear Sweden AB’s website, https://anmalan.vpc.se/euroclearproxy. Such electronic postal votes shall be submitted no later than Thursday 14 March 2024.

If the shareholder postal votes by proxy, a power of attorney shall be enclosed with the form. A proxy form is available on the Company’s website, www.catella.com. If the shareholder is a legal entity, a certificate of registration or corresponding authorization documents shall be enclosed to the form. The shareholder may not provide special instructions or conditions to the postal voting form. If so, the vote (i.e. the postal vote in its entirety) is invalid. Further instructions are available on the postal voting form and on Euroclear Sweden AB’s website, https://anmalan.vpc.se/euroclearproxy.

Please note that shareholders who wish to attend the meeting venue in person or by proxy must notify this in accordance with the instructions under the heading ”Right to participate and notification” above. This means that a notification only by postal voting is not sufficient for those who wish to attend the extraordinary meeting at meeting venue.

Shareholders’ right to receive information
The board of directors and the CEO shall, if any shareholder so requests and the board of directors deems that it can be done without material harm to the Company, at the general meeting provide information regarding circumstances that may affect the assessment of an item on the agenda.

Proposed agenda

  1. Opening of the general meeting
  2. Election of chairman of the general meeting
  3. Preparation and approval of the voting list
  4. Approval of the agenda
  5. Election of two persons to check and verify the minutes jointly with the chairman
  6. Determination of whether the general meeting has been duly convened
  7. Resolution regarding the board of directors’ proposal on a conditional repurchase of warrants of series 2020/2024:A and series 2020/2025:B.
  8. Resolution regarding the board of directors’ proposal on a long-term incentive programme including a directed issue of warrants and subsequent transfer to the participants in the incentive programme
  9. Closing of the general meeting

Proposed resolutions

Item 2. Election of chairman of the general meeting
The board of directors proposes that Fredrik Lundén, member of the Swedish Bar Association, is elected chairman of the extraordinary general meeting.

Item 7. Resolution regarding the board of directors’ proposal on a conditional repurchase of warrants of series 2020/2024:A and series 2020/2025:B
Background
In total, Catella has 3,000,000 outstanding warrants in two different series, series 2020/2024:A (1,500,000 warrants) and series 2020/2025:B (1,500,000 warrants), issued in accordance with a resolution at an extraordinary general meeting on 21 December 2020, as part of the introduction of an incentive programme directed to group management and other key individuals in Catella (”LTI 2020”). Of these warrants, 2,800,000 warrants have been allocated to group management and other key individuals while 200,000 warrants are held by a subsidiary of Catella. The warrants entitle the holder to subscribe for Class B shares in Catella, whereby each warrant entitles the holder to subscribe for one (1) Class B share, and corresponds to a total dilution of just over 3 per cent of the existing number of shares in Catella.

Warrants of series 2020/2024:A may be exercised for subscription of Class B shares in Catella from and including 1 June 2024 up to and including 15 June 2024 and warrants of series 2020/2025:B may be exercised for subscription of Class B shares in Catella from and including 1 June 2025 up to and including 15 June 2025 (the ”Exercise Periods”).

Catella has, for some time, carried out a strategic re-positioning and streamlining towards real properties. The board of directors assesses that the strategy is value creating in the long-term and wishes to provide group management and other key individuals in Catella with share-related incentives to continue implementing the strategy with a longer time horizon than the maturity of the outstanding warrants. Therefore, the board of directors proposes that the Company makes an offer to repurchase the outstanding warrants, conditional upon at least 50 per cent of the repurchase proceeds being invested in a new incentive programme as follows.

Resolution proposal
The board of directors proposes that the Company offers the holders of warrants in LTI 2020 who are still employed within the Catella group a conditional repurchase of the holders’ warrants of series 2020/2024:A and series 2020/2025: B (totalling up to 2,500,000 warrants) against consideration on market terms based on the listed volume-weighted average price of the Company’s Class B share on Nasdaq Stockholm during the five trading days preceding the point in time when the conditional repurchase offer can be accepted, as well as other prevailing market conditions (the ”Repurchase Offer”). The consideration in the Repurchase Offer shall be calculated by an independent party based on customary valuation principles for warrants on the Swedish market (Black & Scholes).

The Repurchase Offer shall be conditional upon at least 50 per cent of the consideration received upon acceptance of the Repurchase Offer (the ”Reinvestment Amount”) being reinvested in series 2024/2027 or series 2024/2028 in the incentive programme proposed under item 8 below. If the Reinvestment Amount exceeds the total amount paid by the holder for the acquisition of warrants of series 2024/2027 and series 2024/2028 pursuant to item 8 below, the excess of the Reinvestment Amount shall be invested in subsequent series until the total investment equals the Reinvestment Amount.

Holders who do not accept the Repurchase Offer may, without being affected by the Repurchase Offer, exercise their warrants for subscription of shares during the respective Exercise Periods in accordance with the applicable terms and conditions for warrants of series 2020/2024:A and series 2020/2025:B.

The number of warrants to be covered by the Repurchase Offer is set out in the table below.

List of outstanding warrants of series 2020/2024:A
Number of issued warrants 1,500,000
Warrants purchased by the participants 1,400,000
Warrants held by a subsidiary of Catella and holders who are no longer employed by Catella 250,000
Warrants covered by the Repurchase Offer 1,250,000
List of outstanding warrants of series 2020/2025:B
Number of issued warrants 1,500,000
Warrants purchased by the participants 1,400,000
Warrants held by a subsidiary of Catella and holders who are no longer employed by Catella 250,000
Warrants covered by the Repurchase Offer 1,250,000

If all holders of warrants of series 2020/2024:A and series 2020/2025:B to whom the Repurchase Offer is directed were to fully accept the offer, the proceeds from the Repurchase Offer, based on the closing price of SEK 27.80 of the Company’s Class B share on 21 February 2024, would amount to approximately SEK 1.4 million.

The board of directors’ proposal under this item has been prepared by the board of directors and its remuneration committee.

The extraordinary general meeting’s resolution on the Repurchase Offer in accordance with the above is conditional upon the extraordinary general meeting resolving in accordance with the board of directors’ proposal under item 8 of this notice.

Item 8. Resolution regarding the board of directors’ proposal on a long-term incentive programme including a directed issue of warrants and subsequent transfer to the participants in the incentive programme
The board of directors proposes that the extraordinary general meeting resolves to implement a new incentive programme by issuing warrants with subsequent transfer to the participants. The incentive programme is divided into five series: series 2024/2027, series 2024/2028, series 2025/2029, series 2026/2030, and series 2027/2031. The purpose of the incentive programme, and the reasons for deviating from the shareholders’ preferential rights, is to strengthen the link between the performance by employees and created shareholder value. Thus, an increased alignment of interests is expected to arise between employees and shareholders of Catella. Long-term incentive programmes are also expected to make it easier for the Company to retain and recruit key individuals.

Issue of warrants

The Company shall issue in total a maximum of 4,700,000 warrants distributed between the different series of warrants as set out below in item 2.1. The issue of warrants shall, with deviation from the shareholders’ preferential rights, be directed to a wholly owned subsidiary of Catella (the ”Subsidiary”). The right to subscribe for the warrants is granted to the Subsidiary with the right and obligation for the Subsidiary to offer the Participants (defined below) to acquire the warrants at market value. The warrants shall be issued free of charge to the Subsidiary.

The Subsidiary’s subscription of the warrants shall take place during the period from 21 March 2024 up to and including 11 April 2024. However, the board of directors is entitled to extend the subscription period. Over-subscription cannot occur.

The complete terms and conditions for the warrants are set out in the ”Terms and conditions for warrants 2024/2027 in Catella AB (publ)”, ”Terms and conditions for warrants 2024/2028 in Catella AB (publ)”, ”Terms and conditions for warrants 2025/2029 in Catella AB (publ)”, ”Terms and conditions for warrants 2026/2030 in Catella AB (publ)” and ”Terms and conditions for warrants 2027/2031 in Catella AB (publ)”, which are available on the Company’s website, www.catella.com.

Transfer of warrants

The incentive programme is proposed to be directed to the CEO and the group management and other key individuals within the Catella group (the ”Participants”). According to the board of directors’ instruction, the Subsidiary shall offer the Participants to acquire the warrants according to the following distribution.

Category Series 2024/2027 Series 2024/2028 Series 2025/2029 Series 2026/2030 Series 2027/2031 Total
CEO 300,000 500,000 400,000 400,000 400,000 2,000,000
Other group management (approximately three persons) Per person: 37,500-75,000
Entire category: 150,000
Per person: 62,500-125,000
Entire category: 250,000
Per person: 50,000-100,000
Entire category: 200,000
Per person: 50,000-100,000
Entire category: 200,000
Per person: 50,000-100,000
Entire category: 200,000
Per person: 250,000-500,000
Entire category: 1,000,000
Other key individuals (approximately 34 persons) Per person:
2,500-56,250
Entire category: 262,500
Per person:
5,000-93,750
Entire category: 462,500
Per person:
2,500-75,000
Entire category: 325,000
Per person: 2,500-75,000
Entire category: 325,000
Per person: 2,500-75,000
Entire category: 325,000
Per person: 15,000-375,000
Entire category:
1,700,000
Total 712,500 1,212,500 925,000 925,000 925,000 4,700,000

If warrants remain after all applications have been satisfied, the remaining warrants may be allocated to other participants in the relevant warrant series. Such additional allocation of warrants may, however, amount to a maximum of 50 per cent in relation to the amount initially offered in accordance with the table in section 2.1. If the remaining warrants are insufficient to satisfy all applications, the warrants shall be allocated pro rata in relation to the number of warrants acquired by each participant. The Company’s board of directors resolves on allocation.

The transfer of warrants requires that the employee holds its position or has signed an agreement thereof at the latest at the time of allocation and has not, at that time, notified or been notified that the employment is intended to be terminated. Warrants shall also be available to future new employees. For such acquisitions, the terms and conditions shall be the same or equivalent to what is stated in this resolution. This means, inter alia, that acquisitions shall be made at the then current market value.

Transfer of warrants of series 2024/2027 and series 2024/2028 shall take place as soon as practicable following the extraordinary general meeting. Transfer of warrants of series 2025/2029 may take place during 2025, but not later than 15 June 2025, transfer of warrants of series 2026/2030 may take place during 2026, but not later than 15 June 2026, and transfer of warrants of series 2027/2031 may take place during 2027, but not later than 15 June 2027. If Catella has inside information during any of these periods that prevent warrants from being transferred to participants, the board of directors shall be entitled to extend the relevant transfer period.

The warrants shall be transferred to the Participants on market terms at a price determined by an external valuer using the Black & Scholes valuation model. The market value per warrant in series 2024/2027 and series 2024/2028 has been preliminarily estimated at approximately SEK 2.18 and SEK 2.20, respectively, based on an assumed volatility level during the term of the warrants of 28 per cent, certain assumptions regarding risk-free interest and future dividends for the various warrant series and a share price of SEK 27.80, which corresponded to the closing price of the Company’s Class B share on 21 February 2024. The preliminary valuation has been prepared by People & Corporate Performance AB.

Terms and conditions for subscription of shares

Each warrant entitles the holder to subscribe for one (1) Class B share in the Company. The warrants may be exercised for subscription of new shares of Class B during the following periods.

Series 2024/2027 – the two-week period commencing the day after the publication of the Company’s interim report for the second quarter of 2027 (also half-year report), but no earlier than 23 August 2027 and no later than 20 September 2027,

Series 2024/2028 – the two-week period commencing the day after the publication of the Company’s interim report for the second quarter of 2028 (also half-year report), but no earlier than 21 August 2028 and no later than 18 September 2028,

Series 2025/2029 – the two-week period commencing the day after the publication of the Company’s interim report for the fourth quarter of 2028 (also year-end report), but no earlier than 19 February 2029 and no later than 19 March 2029,

Series 2026/2030 – the two-week period commencing the day after the publication of the Company’s interim report for the fourth quarter of 2029 (also year-end report), but no earlier than 18 February 2030 and no later than 18 March 2030, and

Series 2027/2031 – the two-week period commencing the day after the publication of the Company’s interim report for the fourth quarter of 2030 (also year-end report), but no earlier than 17 February 2031 and no later than 17 March 2031.

However, subscription of shares cannot take place during a period when trading in shares in Catella is prohibited under Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) or other applicable corresponding legislation.

The subscription price per share upon exercise of warrants is determined individually for each warrant series and shall amount to 120 per cent of the listed volume-weighted average price of the Company’s Class B share on Nasdaq Stockholm during a period of five trading days starting from the day after the Company’s board of directors first offers to acquire warrants of the relevant warrant series to the Participants in the incentive programme. The subscription price for the new shares of Class B may not be lower than the current quotient value of the shares.

Upon exercise of the warrants, a recalculation at net value for the exercise of warrants shall be applied in accordance with the complete terms and conditions of the warrants, whereby the subscription price for each share of Class B shall correspond to the share’s quotient value of SEK 2.00, and the warrants entitle to a recalculated, as a starting point lower, number of shares compared to if no recalculation were applied. However, the warrants may not entitle to more than one (1) share per warrant, subject to any recalculation in accordance with the complete terms and conditions of the warrants. Assuming hypothetically that the subscription prices for the shares of Class B in the Company, for which the warrants entitle to subscription, were set at SEK 33.40, the recalculation upon full subscription with the support of all 4,700,000 warrants at the below indicated share prices for the Company’s share of Class B prior to the subscription period for warrants of the relevant series will result in the following:

Illustrative calculation example based on an assumed subscription price of SEK 33.40

Share price Total dilution Total number of new shares of Class B
SEK 35 0.26% 227,879
SEK 40 0.92% 816,316
SEK 45 1.44% 1,267,907
SEK 50 1.84% 1,625,417

As stated in the complete terms and conditions for the warrants, the subscription price and the number of shares that each warrant entitles the holder to subscribe for may be recalculated in the event of, inter alia, rights issues with preferential rights for the shareholders or bonus issues. The subscription price exceeding the quotient value of the shares shall be allocated to the free share premium reserve.

The shares issued upon exercise of the warrants shall entitle to dividend for the first time on the record date for dividend occurring closest after the subscription has been registered with the Swedish Companies Registration Office and the shares have been recorded in the shareholders’ register maintained by Euroclear Sweden AB.

Increase in share capital, dilution and costs

Upon full subscription and exercise of all 4,700,000 warrants, the Company’s share capital may be increased by a maximum of SEK 9,400,000, provided that no recalculation (other than the recalculation to be applied in accordance with item 3.3) is made in accordance with the complete terms and conditions for the warrants. This corresponds to a dilution of approximately 5.3 per cent of the existing share capital.

Considering that the warrants shall be transferred at an estimated market price, the incentive programme itself is not expected to entail any costs beyond certain minor costs for establishment and administration.

Repurchase, mandate for the board of directors, and preparation, etc.

The warrants shall be subject to an obligation for the participants to first offer to repurchase warrants to Catella before transfer, or otherwise disposal of the warrants to third parties occurs. The warrants shall further, with certain exceptions, be subject to a right for Catella to repurchase the warrants at market value if the participant’s employment with or assignment for the Company terminates during the term of the programme.

The board of directors shall be entitled to make adjustments to the incentive programme in order to comply with specific rules or requirements abroad. The board of directors or the person appointed by the board of directors, shall further be authorised to make such minor adjustments as may be necessary in connection with the registration of the resolution with the Swedish Companies Registration Office or Euroclear Sweden AB.

The proposal has been prepared by the Company’s board of directors, including the board of directors’ remuneration committee, and discussed in board meetings during 2023 and 2024.

For more information on the Company’s outstanding warrant programmes, please refer to Catella’s annual report 2022, which is available on the Company’s website, www.catella.com.

Conditions and majority requirements

The extraordinary general meeting’s resolution on the incentive programme in accordance with the above is conditional upon the general meeting resolving in accordance with the board of directors’ proposal under item 7 of this notice.

The extraordinary general meeting’s resolution to implement the incentive programme under item 8, including issue and transfer of warrants, is only valid if supported by shareholders representing at least nine tenths of both the votes cast and the shares represented at the meeting.
________________

Available documents
Documents for the extraordinary general meeting are available on the Company’s website, www.catella.com, and at the Company’s premises at Birger Jarlsgatan 6, SE-114 34 Stockholm, Sweden. The documents will also be sent, free-of-charge, to shareholders who so request and state their address. The documents may also be obtained from the Company through the contact details stated above.

Number of shares and votes
At the time of issue of this notice, the total number of shares in the Company amount to 88,348,572, of which 2,340,654 are shares of Class A with five (5) votes each and 86,007,918 are shares of Class B with one (1) vote each, corresponding to a total of 97,711,188 votes. As per the same date, the Company does not hold any own shares.

Processing of personal data
For information about how your personal data is processed, please refer to the integrity policy that is available on Euroclear Sweden AB’s website, https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.

Translation
This English version of the notice convening the extraordinary general meeting of Catella AB is a convenience translation of the Swedish version. In the event of any discrepancies between the versions, including any documents prepared in relation thereto, the Swedish version shall prevail.

Stockholm in February 2024

Catella AB
Board of Directors

For more information, please contact:
Mathias de Maré
Head of Group HR
+46 (0)8 463 33 81
mathias.demare@catella.se

CA Fastigheter AB rekryterar ny regionchef till region Kalmar

CA Fastigheter har rekryterat Richard Bergquist som ny regionchef i Kalmar. Richard arbetar idag som Teknisk Chef på Oskarshamns kommun med ansvar för den tekniska förvaltningen och dess 220 medarbetare. Innan dess har han haft flera roller inom Skanska.

Richard Bergquist tillträder som regionchef den 27:e maj i år och kommer arbeta med att fortsatt förvalta och utveckla fastighetsbeståndet för CA Fastigheter i Kalmar.

”Vi är glada över att rekryterat Richard till CA Fastigheter. Med sin kompetens och ledarskap blir Richard ett bra tillskott till teamet. Jag välkomnar Richard till CA Fastigheter”, säger Anders Gustafsson, Fastighetsutvecklingschef på CA Fastigheter.

Year-end report 1 January-31 December 2023

A STRONG QUARTER AND YEAR FOR ARISE!

CEO comment:
When summarising the fourth quarter, I can note that we continue to deliver good results. Income from the sale of the Fasikan project in combination with historically high income from our production means that all together, the quarter was very strong, with profit after tax of MSEK 77.

FOURTH QUARTER (1 OCTOBER–31 DECEMBER 2023)

  • Net sales for the quarter amounted to MSEK 191 (106).
  • Operating profit before depreciation and amortisation (EBITDA) was MSEK 82 (52).
  • Operating profit (EBIT) was MSEK 65 (37).
  • Profit after tax totalled MSEK 77 (36) and earnings per share amounted to SEK 1.81 (0.80).
  • Operating cash flow was MSEK 180 (0) and cash flow after investments amounted to MSEK 123
    (-73).
  • Production generated 88 GWh (79) of green electricity with an average income of SEK 727 per MWh (857).
  • The project portfolio increased by more than 1,000 MW during the quarter.

FULL-YEAR (1 JANUARY–31 DECEMBER 2023)

  • Net sales for the period amounted to MSEK 503 (1,164).
  • Operating profit before depreciation and amortisation (EBITDA) totalled MSEK 286 (851).
  • Operating profit (EBIT) totalled MSEK 223 (790).
  • Profit after tax totalled MSEK 200 (772) and earnings per share was SEK 4.65 (18.60).
  • Operating cash flow was MSEK 222 (926) and cash flow after investments amounted to MSEK -316 (621).
  • Production generated 288 GWh (292) of green electricity with an average income of SEK 829 per MWh (720).
  • The project portfolio increased by more than 4,200 MW during the year.
  • The Board proposes a dividend of SEK 1.20 (1.00) per share.
Selected key figures     12m 2023   12m 2022
–          Net sales, MSEK   503   1,164
–          EBITDA, MSEK   286   851
–          Earnings per share, SEK   4.65   18.60
–          Adjusted equity per share, SEK   58   61
–          Equity/assets ratio, %   58   55
–          Project portfolio, MW   ~6,900   ~2,600
     

 

SIGNIFICANT EVENTS DURING THE QUARTER

  • The wind farm project Fasikan was divested in October 2023 to SCA. The total purchase price amounted to approximately MSEK 125, which also includes a variable portion that is dependent on how construction of the project progresses in relation to budget.
  • Arise entered into a partnership agreement with SCA in October 2023. Arise and SCA will cooperate in the development of wind power in six identified land areas. The estimated total potential amounts to approximately 1,000 MW and the projects are included in Arise’s project portfolio as early-stage projects. Arise will have a 49% ownership in the projects once they reach ready-to-build status.
  • In November, Arise announced that the Board had resolved to utilise the authorisation granted by the Annual General Meeting in May 2023 to repurchase the Company’s own shares corresponding to an amount of up to SEK 100 million ahead of the Annual General Meeting in 2024. During the quarter, a total of 564,908 own shares were repurchased for SEK 23,6 million.
  • Karmen Bergholcs was appointed General Counsel. She took up her role on 15 January 2024 when she also joined Group Management.
  • In December 2023 Arise acquired 70% of the Norwegian company Fenix Repower AS, a developer of solar, onshore wind and storage projects in Norway and Ukraine.

 

 

Halmstad, 15 February 2024

Arise AB (publ)

 

For further information, please contact:

Per-Erik Eriksson, CEO Arise AB, +46 702 409 902

Markus Larsson, CFO Arise AB, +46 735 321 776

Year end report 2023 CA Fastigheter AB (publ)

  • Rental income increased by 11.4% to MSEK 858 (770).
  • Net operating income increased by 14.9% to MSEK 569 (495), resulting in a surplus ratio of 66.3% (64.3%).
  • Profit from property management decreased by 9.8% to MSEK 280 (310), mainly due to higher financial expenses.
  • Income from project activities amounted to MSEK 74 (104).
  • The market value of properties amounted to MSEK 14,338 (14,884). Unrealized changes in the value of properties for the year amounted to MSEK -1,037 (345).
  • Profit after tax amounted to MSEK -700 (314), mainly due to changes in the value of properties and derivatives.

 

Significant events during the year:

– During the first quarter of 2023, CA Fastigheter completed a major acquisition comprising of five properties in Norrköping; Kraften 9, Kraften 10, Rapsfjärilen 9, Höfjärilen 1 and Fotogenen 7. In addition, a property in Borås was acquired; Källbäcksryd 1:408. All the acquired properties are of the warehouse and light industry type. No property was sold during the year.

– During the first quarter, BRF Kompassen, consisting of 18 apartments, was completed and during the last quarter, BRF Bojen, consisting of 32 apartments, was completed. Both projects are located on Varvsholmen in Kalmar. BRF Bojen was the last of a total of three phases of the Tampen project on Varvsholmen. The remaining projects on Varvsholmen are Märlspiken and Splitsen.

– During the year, 63% of the company Classic Living CL AB, corporate identity number 559091-1052, was acquired. The shares were acquired from CA Investment AB, which is a wholly-owned subsidiary of CA Fastigheter AB’s parent company Claesson & Anderzén AB. Classic Living CL AB is a Swedish public limited company whose business consists of developing accommodation on the Spanish Costa del Sol with a focus on Malaga and the surrounding area. The company’s Spanish parent company, Classic Living & Development SL, has offices in Malaga.

– Green work is in constant focus throughout the business. During the year, several environmental certifications were completed for both new construction and in the existing portfolio. In 2023, two newly built properties were environmentally certified in accordance with the Sweden Green Building Council’s Miljöbyggnad and three properties in accordance with the Sweden Green Building Council’s Miljöbyggnad iDrift. All five properties have received a silver rating.

 

For further information, please contact:

 

Andreas von Hedenberg, CEO

+4673-965 58 19, andreas.von.hedenberg@cafastigheter.se

Caroline Menninge, CFO

+4670-534 25 86, caroline.menninge@cafastigheter.se