Nomination committee before the annual general meeting 2023

The nomination committee before the annual general meeting 2023 in Catella AB has been appointed in accordance with the current instruction for the nomination committee.

The nomination committee before the annual general meeting 2023 comprises Eje Wictorson, appointed by Claesson & Anderzén, Erik Eikeland, appointed by Alcur Fonder and Mia Arnhult, appointed by M2. Eje Wictorson has been appointed as chairman of the nomination committee.

Information about the work of the nomination committee can be found on the company’s website, Shareholders who wish to submit proposals to the nomination committee may do so in writing via e-mail to or by post to Catella AB, Att: Nomination Committee, P.O. Box 5894, SE-102 40 Stockholm, Sweden.

The annual general meeting in Catella AB will be held on Wednesday, 10 May 2023 in Stockholm.

Continued growth and profit development in an uncertain market

In a turbulent market, Catella continues to make positive progress. Compared to the third quarter previous year, assets under management increased by SEK 30 Bn to SEK 142 Bn and operating profit improved to SEK 62 M, an increase of over 30 percent. A strong financial position gives us the right opportunities to continue developing the company going forward.

I am pleased to present improved profits and continued growth in assets under management in a challenging and uncertain economic environment. We are however not unaffected by the macro climate, where uncertainty is dampening investment activities and making financing challenging. The transaction market declined sharply in the second part of the year, which affects all three of our business areas. We believe it will take additional time before sellers’ expectations are sufficiently reduced and buyers perceive that the market has reached the necessary stability for long-term investment decisions, after which the property market will enter a stronger phase. During a cautious period, our strong financial position enables us to make long-term investments in areas such as product development, M&A, opportunistic direct investments, and digitalization.

Over SEK 140 Bn in assets under management but lower expectations on capital inflows going forward
Assets under management increased by SEK 7 Bn to SEK 142 Bn in the third quarter, and we are pleased that our real estate funds and mandates continue to deliver strong returns coupled with a strong sustainability focus. However, a likely scenario until markets stabilize is that capital inflows and growth will decrease in the near term, due to a slower transaction market and a lower investment appetite. In the current market environment, we will continue to develop our fund offering with products with a sustainable profile, which has been a growth driver in recent years. We are also developing new value-add product strategies, driven by demand from our pan-European clients.

During the quarter, Catella signed an agreement for the sale of 26 rental properties in Germany and eight in the Netherlands with approximately 4,000 apartments to ZBI Group from two of our residential funds. The rationale for the sale is to modernize the property portfolios and to enable new investments with an improved sustainability profile. The transaction is expected to be completed and accounted for around year end.

Investment Management’s operating profit improved by 60% year-on-year. This was largely driven by fixed fees from our continued growth in assets under management, and also by performance-based income from specific asset management mandates.

Divestments postponed due to market uncertainty
In Principal Investments, we continue to develop our projects as planned. However, the timing of planned sales has been delayed slightly. Investors are less active than previously, which is natural in an environment where underwriting and macro parameters are less predictable. In such an environment, it is an advantage to be well-capitalised and stay calm during the current turbulence, as our projects remain attractive in the long term. We are also looking at a number of opportunistic investments in various European segments and geographies.
As of September 30, Principal Investments had approximately SEK 1.3 Bn invested in 11 projects in six countries.

Weaker transaction market
Before buyers’ and sellers’ expectations align, the transaction market will continue to be relatively inactive. Corporate Finance sees a stable pipeline of transactions during the upcoming quarters, albeit at a slower pace than normal. On the other hand, demand for valuation services is strong in the current uncertain market with material price movements.
Operating profit for the quarter was SEK 6 M, an increase of SEK 10 M compared to the previous year. This is primarily due to divestments of loss-making operations earlier in the year.

We predict, and are adapting to, continued uncertainty in the macro-economic and geopolitical environment, with a dampened transaction market affecting all of our business areas. We continue to develop product offerings in sustainable investments and management mandates to promote energy transition, an area in which investor interest remains strong. We are also working with our investment partners to develop new product strategies with increased focus on long-term value-add investments in areas where we see business opportunities. Thanks to our strong financial position and attractive assets, we are in the comfortable position to hold our own assets until the market has stabilized, and instead focus on evaluating new opportunistic investments. In Corporate Finance, we continue to help our customers in a more sluggish transaction market, primarily through larger portfolio transactions, including financing advice.
At Parent Company level I am pleased to welcome Peter Umegård as Chief Digitalization Officer. With Peter’s experience added by further recruitment of leading-edge competencies in data and digitalisation, we will raise our level in data, analysis, research, AI and new product strategies. As always, our aim is to help our investors and customers to create value, based on intelligence-driven, future-focused strategies and investment opportunities.

Thank you for your continued confidence in Catella.
Christoffer Abramson, CEO and President
Stockholm, Sweden, 28 October 2022

Invitation to teleconference and audiocast

Arise’s Q3-report for 2022 will be released on Wednesday 9 November, 2022 at 08.00 CET.

At 11.00 on the same day a teleconference will be held, hosted by Per-Erik Eriksson, CEO and Markus Larsson, CFO, who will present the report to the stock market and media. After the presentation those attending will be invited to ask questions.

The dial in number for the conference call is:

SE:                       +46 8 505 163 86

UK:                      +44 203 198 4884

Use the following pin code:  1391740#
During the teleconference a presentation will be held. To access the presentation through audiocast, please use the link:

After the meeting a recording of the presentation will be available at the same link.

Halmstad 27 October, 2022

ARISE AB (publ)                                                                                                

Power production in September 19.1 GWh

Significantly weaker winds than normal in September resulted in a power production of 19.1 GWh, compared to the month’s budget of 25.5 GWh.

Halmstad, 11 October 2022

ARISE AB (publ)

For further information, please contact:

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

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 15.50 CEST on 11 October, 2022.

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