Investment Management delivered another strong quarter
Catella delivered another strong report, with both sales and EBIT showing strong yearly growth development despite a turbulent and uncertain market climate. The operating profit attributable to Catella’s shareholders came in at SEK 62m in Q3, which was 24% above ABGSCe. The AUM development was also stronger than expected, growing 7bn in Q3 to SEK 142bn. The increase was primarily driven by inflows in Catella’s property funds and additional mandates in Catella Asset Management. Looking at the different segments, the main deviation was the stronger-than-expected result within the Investment Management segment, where operating profit came in at SEK 90m in Q3, 78% above our forecast, driven by a combination of both stronger AUM growth and higher variable fees from Asset Management.
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