Redeye: Catella - Weak Quarter, Strong Foundation
Redeye states that Catella had a quarter with weaker-than-expected performance from Investment Management. The delivery from Corporate Finance was still solid, and Principal Investment had a quiet quarter. Despite strong short-term headwinds, the company remains well-positioned to capitalise once sentiment improves. Nevertheless, the estimates and valuation are lowered following the report.
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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/