The wind down and divestment of the Banking operations develops according to plan. In the Year-end report 2018 Catella will, in accordance with the IFRS accounting standard, report expenses of SEK 164 M and deferred tax assets of SEK 51 M, which relate to 2019 and are attributable to the wind down of the Banking business area. According to IFRS, consideration from the divestments of Wealth Management Sweden and Luxembourg and the Card issuing operation will be reported in connection with the completion of the transactions.
Total consideration, which is estimated to accrue to Catella, amount to approximately SEK 384 M attributable to the previously announced divestments. During the first half of 2019, consideration of approximately SEK 258 M is expected to be reported. In addition, approximately SEK 126 M is expected to accrue to Catella regarding the earn-out with a maximum potential of approximately SEK 240 M, which is attributable to the sale of the Card issuing operations. The earn-out will be reported at the end of 2019 or at the beginning of 2020.
Total expenses, from October 2018 to beginning of 2020, relating to the Banking business area are estimated at approximately SEK 368 M, of which SEK 164 M is reported in the fourth quarter of 2018. Expenses in 2019 and beginning of 2020 are expected to amount to approximately SEK 204 million.
As previously communicated, equity of SEK 437 M, as of September 30, 2018, is expected to be secured in Banking. Shareholders’ equity is expected to be transferred to the Parent Company upon completion of the wind down.
During the fourth quarter of 2018, the strategic review was completed when Catella entered into agreements to divest the Wealth Management operations in Luxembourg to VP Bank and 51% of the Wealth Management operations in Sweden to Söderberg & Partners and to divest the Card issuing operations in Luxembourg to Advanzia Bank S.A. The transaction regarding the Wealth Management operation in Luxembourg to VP Bank was completed in February 2019 and the final consideration amounted to SEK 95 M.
The transfer of card customers according to the agreement with Advanzia Bank S.A. will take place during 2019 and up to the beginning of 2020 to ensure that the maximum number of customers is part of the transaction.
As of the third quarter 2018, Catella reports the Banking business area as a divestment group held for sale.

For more information, please contact:
Knut Pedersen
CEO and President
+46 8 463 33 10
knut.pedersen@catella.se
Niklas Bommelin
Investor Relations
+46 76 891 12 40
niklas.bommelin@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 08.30 CET on 15 February 2019.
Catella is a leading specialist in property investments, fund management and banking, with operations in 14 countries. The group has assets under management of approximately SEK 180 billion. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more online at catella.com.

2019-02-15

Fourth quarter (1 October – 31 December 2018)

Net sales for the quarter amounted to MSEK 90 (60).
Operating profit before depreciation and amortisation (EBITDA) was MSEK 46 (40), of which associates had an impact of MSEK 0 (7) on the Group. Operating cash flow was MSEK 30 (31).
Operating profit (EBIT) was MSEK 28 (22).
Profit before tax amounted to MSEK 5 (6).
Profit after tax totalled MSEK 2 (5), corresponding to SEK 0.07 (0.14) per share.
Production decreased to 168 GWh (202), of which Own wind power operations accounted for 85 GWh (108) and Co-owned wind power operations for 83 GWh (94). The decrease was due to weaker winds than normal.
Average income from Own wind power operations was SEK 437 per MWh (403), of which SEK 317 per MWh (280) pertained to electricity and SEK 120 per MWh (122) to electricity certificates.

Full-year (1 January – 31 December 2018)

Net sales for the period amounted to MSEK 343 (257).

Operating profit before depreciation and amortisation (EBITDA) was MSEK 191 (131), of which associates had an impact of MSEK 0 (7) on the Group. Operating cash flow was MSEK 114 (96).
Operating profit (EBIT) was MSEK 118 (-99).
Profit before tax amounted to MSEK 28 (-178).
Profit after tax totalled MSEK 21 (-180), corresponding to SEK 0.64 (-5.39) per share.
Production declined to 547 GWh (635), of which Own wind power operations accounted for 295 GWh (348) and Co-owned wind power operations for 252 GWh (287). The decrease was due to weaker winds than normal.
Average income from Own wind power operations was SEK 512 per MWh (380), of which SEK 344 per MWh (272) pertained to electricity and SEK 169 per MWh (109) to electricity certificates.

Halmstad 15 February, 2019
ARISE AB (publ)

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

On October 26, 2018, Catella Bank S.A., a wholly owned subsidiary of Catella AB (publ), announced that it had entered into an asset transfer agreement to divest its Wealth Management operations in Luxembourg to VP Bank (Luxembourg) SA. The transaction is now completed and the final consideration amounts to SEK 95 million.
The consideration was dependent on certain conditions related to assets under management on the transaction date, and as the transaction is completed, the final purchase price has been set at SEK 95 million against previously communicated approximately SEK 110 million. The difference is mainly due to the fact that the assets under management decreased due to the weak market development.
The divestment of the Wealth Management operations in Luxembourg is a result of the now completed strategic review of Catella’s banking operations. The purpose of the strategic review was to exit the consolidated situation due to the extensive regulatory framework and inefficient capital structure it entails.

For more information, please contact:
Press contact:
Niklas Bommelin
Investor Relations
+46 8 463 34 26, +46 776 891 12 40
niklas.bommelin@catella.se

Jonas Burvall
Head of Group Communications
+46 8 463 33 05, +46 766 27 97 55
jonas.burvall@catella.se

Catella is a leading specialist in property investments, fund management and banking, with operations in 14 countries. The group has assets under management of approximately SEK 180 billion. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more online at catella.com.

Normal winds in January resulted in a power production of 62.6 GWh, compared to the month’s budget of 63.7 GWh.

Of this 30.5 GWh refers to Own wind power production and 32.1 GWh to Co-owned wind power production, compared to the month’s budget of 35.2 GWh and 28.5 GWh.

Halmstad 8 February, 2019
ARISE AB (publ)

For further information, please contact
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 16.30 CET on 8 February, 2019.

Regarding information about how we process your personal data we refer to our Privacy policy, which is available on our website www.arise.se. If you no longer wish to have our press releases and news please contact us via info@arise.se.

Catella Bank S.A, a fully owned subsidiary of Catella AB (publ), has entered an agreement to divest its Card Issuing operations in Luxembourg to Advanzia Bank S.A. as part of the previously announced strategic review. The fixed consideration amounts to approx. SEK 120 Million with an additional earn-out structure with a maximum potential of approx. SEK 240 Million.
Divesting the Card Issuing operations in Luxembourg is an important step for Catella in order to exit the consolidated situation due to the extensive regulatory framework and inefficient capital-structure it entails. In the process it has been important to find a counterparty who can understand and meet our customers’ demands. Catella has evaluated various options and found the optimal conditions, for both customers and employees, in Advanzia Bank.
Advanzia Bank S.A. was founded in 2005 in Luxembourg and is a European online direct bank specialising in credit cards and payment solutions. Advanzia has a strong record of servicing private banks and financial institutions with turnkey credit card programs. With 1.2 million credit card customers, the bank achieved a turnover of EUR 2.3 billion in 2017.
“Advanzia Bank is a strong and credible actor within the credit card operations and I feel confident our customers will be in good hands. Catella recently announced different solutions for the Wealth Management operations in both Luxembourg and Sweden. With this transaction Catella takes another important step towards a more efficient capital-structure and less extensive regulatory framework,” says Knut Pedersen, CEO of Catella Group.
“Acquiring Catella’s credit card portfolio in Luxembourg is a perfect fit for us, as it not only complements our existing business lines, but also enables us to expand our market share,” comments Roland Ludwig, CEO of Advanzia Bank.
The balance sheet total of Catella Group will be reduced by approx. SEK 350 Million as both assets and liabilities will be transferred to Advanzia Bank due to the transaction. The fixed consideration will be paid during Q1 2019 and the additional earn-out before year end 2019.
Given the divestment of the Card Issuing-operations to Advanzia Bank, the strategic review is completed and Catella’s banking operation is expected to cease during 2019. In conjunction with the interim report for the third quarter of 2018, Catella communicated the Banking business area as Disposal group held for sale and the equity in Banking, as of 30 September 2018, amounted to SEK 437 million. Catella expects a net result from the divestments and costs related to restructuring, within the framework of the strategic review, where the latest communicated equity in Banking is secured alternatively exceeds the SEK 437 million given the outcome on the above mentioned additional earn out. Catella intends to return as to how the strategic review affects the Group’s consolidated situation, capital requirements and regulation, as soon as this can be concretized.

For more information, please contact:
Knut Pedersen
CEO and President
+46 8 463 33 10
knut.pedersen@catella.se
Press contact:
Jonas Burvall
Head of Group Communications
+46 8 463 33 05, +46 766 27 97 55
jonas.burvall@catella.se

This information is information that Catella AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 14.00 CET on 18th of December 2018.
Catella is a leading specialist in property investments, fund management and banking, with operations in 14 countries. The group manages assets of approximately SEK 180 billion. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more at catella.com