Redeye: Catella - Solid Core, but Challenging Environment
Redeye states that Catella's Q3 2022 report was weaker than expected, although the core continues to stand firm. Investment Management came in below our estimates, mainly due to low variable fees and some one-offs related to cost reductions. Principal investments announced no new divestments, but positive signals were given for both the Jönköping and Kaktus projects. Redeye reduces its fair value range.
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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/