Catella AB (publ) (CAT_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to our Q2 2026 earnings call. As just announced, I'm Rikke Lykke, Group CEO of Catella, and I'm joined by our CFO, Gustav Jansson. Let me start with a brief introduction to Catella. We're leading European real estate investment and advisory firm. What sets us apart is our combination of local market insight, longstanding strong client relationships, and our cross-border execution power. Today, we manage 161 billion SEC of assets, have just under 500 employees across 12 countries, and we generated 1.7 billion SEC in revenues over the past 12 months. Since we announced our strategic opportunities, a priority, sorry, in May, our focus has been clear. We want to improve quality of earnings, we want to strengthen operational excellence, and we want to invest in capabilities that make Catella more competitive over time. A stronger base of recurring predictable revenue gives us a greater resilience and a better platform for profitable long-term growth. So we're also simplifying the group. We want to reduce complexity, increase our accountability, and improve our execution speed. As you may have noticed, we have in Sweden this quarter discontinued our previous investment management setup and returned the AFM license. With this, we reduce our complexity and we release approximately 20 million SEK in cash. In corporate finance, we have optimized our French operations through a new office and a more integrated structure. These actions alone in Sweden and France are expected to generate annual savings of around 6 million SEK. At the same time, we continue to invest selectively in capabilities that strengthen competitiveness and support long-term growth. The appointment of Neil Somersel as Chief Digital Officer is to reinforce our capabilities and improv...