Q3 EBIT of SEK 33m, 25% below ABGSC forecast
Catella reported an EBIT of SEK 33m (71m) in Q3’23, which was 25% below ABGSC estimate of SEK 44m. Looking at the operating profit within the largest segment, Investment management, it came at SEK 26m in Q3, 51% below our forecast of SEK 53m. Within Corporate Finance, the operating profit came in above ABGSC's expectation, at SEK -6m (6m), ABGSC expected SEK -15m, where the negative result is driven by a continued muted transaction market. Principal investment contributed with SEK 21m to the group operating profit in the third quarter, while ABGSC expected SEK 5m.