Catena AB (publ) (CATE) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the conference call. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answer session, participants are able to ask questions by dialing star five on their telephone keypad. Now I will hand the conference over to the speakers. Please go ahead. Hi and welcome everyone to the HQ4 report. We will show you the agenda here. Here is the agenda for today. Summary, a business overview, and an updated follow by sustainability, finance, and a short takeaway before ending up with a Q&A. So, a summary of the year and 2025 report. where we report 21% increase in rental income, ended up at 2,651,000,000 SEC, driven mostly by acquisitions, but also by our CPI-linked contracts. Profits from property management increased by 28% in total, and per share, it was up 18%. Our NRV came in close to 446 SEC. And the balance sheet remains very solid with an LTV at 39%. We announced yesterday a huge acquisition, which we will come back to later on. But with that said, we will have a stronghold on the Nordic logistic property market. Next slide. And a business overview. We have seen more activity in the transaction market in Q4, and we have obviously been involved in one of the largest deals. What we hear from brokers is that the activity will continue during 2026. Swedish e-commerce has reached a new peak. This is shown by Postnord's e-barometer for the full year 2025, with growth of 10% compared with previous year. Total e-commerce sales reached 153 billion SEK. This is the highest level ever recorded, surpassing the previous peaks during the pandemic. Further, the Swedish e-commerce parcels increased by 12.9% or by 26.1 million parcels in 2025. During the full year 2025, 228 million e-commerce parcels were sent to the...