Investment management continues to shine
Catella delivered a solid Q4 report, with both sales and EBIT coming in roughly in line with ABGSC expectations. The AUM decreased by 1% q-o-q, driven by the high number of transactions, where holdings of SEK 7bn were divested into two residential funds, including 34 residential properties in Germany and the Netherlands. The company has an additional SEK +10bn in committed AUM capital to be put into use in the coming year, in new development projects and properties, which will be the main driver of AUM growth in the short-term. The high number of transactions in the quarter led to a significant level of variable fees within the Investment management segment, which showed its second strongest quarterly result ever.