Brief: Catella Publishes Preliminary Figures For Q1 2020

Catella AB

23/04/2020 20:07

April 23 (Reuters) - Catella AB  CATb.ST :
    * CATELLA PUBLISHES PRELIMINARY FIGURES FOR Q1 2020 AND
EFFECTS OF
COVID-19 ON OPERATIONS
    * PRELIM Q1 TOTAL INCOME FOR CONTINUING OPERATIONS ROSE BY
SEK 49
MILLION TO SEK 503 MILLION
    * CATELLA - COVID-19 OUTBREAK IS ADVERSELY IMPACTING CATELLA
    * PRELIM Q1 OPERATING PROFIT GREW BY SEK 10 MILLION TO SEK
72
MILLION
    * Q1 PRELIM PROFIT AFTER TAX FOR PERIOD WAS SEK 24 MILLION,
ON PAR
WITH PRECEDING YEAR
    * CATELLA - COVID-19 OUTBREAK IS ADVERSELY AFFECTING CATELLA
AND
THERE IS RISK OF MATERIAL FINANCIAL IMPACT ON CATELLA GROUP
    * CATELLA - PROCEEDING FROM ASSUMPTION THAT Q2 AND Q3 WILL
BE
CHARACTERISED BY WIDESPREAD NERVOUSNESS
    * CATELLA- CONSIDERING UNCERTAIN SITUATION DUE TO COVID-19
OUTBREAK, IMPOSSIBLE TO ESTIMATE FULL POTENTIAL IMPACT ON
CATELLA GROUP IN UPCOMING QUARTERS
    * THERE HAS BEEN NO MATERIAL EFFECT ON OPERATIONS IN
PROPERTY
INVESTMENT MANAGEMENT
    * TRANSACTION VOLUMES IN MARKET ARE EXPECTED TO REMAIN LOW
IN NEXT
FEW MONTHS
    * THERE HAS BEEN A STEEP FALL IN TRANSACTION VOLUMES IN
CORPORATE
FINANCE BUSINESS AREA DUE TO COVID-19 OUTBREAK IN EUROPE

Source text for Eikon:  ID:nWkr9WJzkv 
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