Interim report January – June 2024: Focus and persistence produce results
A strong focus on growth and operational development in the first half of the year is contributing to higher earnings capacity. With profit from property management for the period increasing by four percent on the previous year to SEK 608 million, and rental income rising by 14 percent to SEK 1,020 million, Catena is showing that its planned path forwards is the right one.
5 July 2024, 8 a.m. CEST
- Rental income rose by 14 percent to SEK 1,020 million (892).
- Net operating surplus increased by 14 percent to SEK 827 million (723).
- Profit from property management rose by 4 percent to SEK 608 million (583).
- Profit from property management per share is SEK 11.46 (11.69).
- The change in value of properties was SEK -161 million (-558).
- Profit for the period rose to SEK 365 million (-35), corresponding to earnings per share of SEK 6.89 (-0.70).
- Long-term net asset value, EPRA NRV, per share rose to SEK 396.00 (364.23)
- 41 percent of lettable area environmentally certified, corresponding to 1,092,000 m².
Catena’s CEO Jörgen Eriksson comments on the interim report:
“The share issue we held in March gave us opportunities to be proactive in the current market, and in the first half of 2024 we have made acquisitions worth SEK 3.7 billion. The most recent addition of two newly built logistics facilities in Landskrona, adding a total of 180,000 m² to our property portfolio, clearly demonstrates Catena’s intended direction: we want to continue to grow with modern facilities in attractive logistics locations.”
At 10.00 a.m. on July 5, the webcast will commence for the interim report for January-June 2024. Follow the webcast via this link: https://financialhearings.com/event/49922
For further information, please contact
Jörgen Eriksson, CEO, Tel. + 46 730-70 22 42, jorgen.eriksson@catena.se
Sofie Bennsten, Deputy CEO and CFO, Tel. + 46 730-70 22 41, sofie.bennsten@catena.se
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This information is such that Catena AB (publ) is obliged to publish under the EU Market Abuse Regulation and the Securities Markets Act. The information was provided by the contact persons mentioned in this press release, for publication at the time stated above.
