Catella (Q2 Review): Half the market capitalisation is asset backing - Redeye

Against consensus, EBIT missed in both operating segments and AUM met. Against Redeye’s forecast, EBIT beat in both segments and AUM met. The share fell 4%. Net outflows continued at 1.5% annualised. Redeye project it to continue till mid-2027 amid Europe’s fund-raising drought. Catella has revamped the C-Suite and made two new hires for capital raising. Capital policy implemented and bought back shares worth SEK52m in the quarter. Buybacks and higher peer valuations support a raised Base Case of SEK41(36).

Länk till analysen i sin helhet: https://www.redeye.se/research/1180798/catella-q2-review-half-the-market-capitalisation-is-asset-backing?utm_source=finwire&utm_medium=RSS