Market activity remained muted in Q2
Transaction activity has remained hesitant since the start of 2024, which negatively impacts Catella. Despite increasing transaction volumes q-o-q, it remains at historically low levels, leading to low earnings contributions from the different operational segments. The quarter was boosted by the divestment of CatWave to Söderberg and Partners, which had a positive profit effect of SEK 18m, leading to EBIT coming in 41% above ABGSC expectations, at SEK 34m. We expect to see transaction activity gradually improve in the coming quarters, with Catella's earnings generation following suit.