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Onsdag 28 Oktober | 21:54:37 Europe / Stockholm

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Redeye

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Catella - Strong Performance – Divestments of Kaktus and Jönköping Could Come Soon

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Catella - Strong Performance – Divestments of Kaktus and Jönköping Could Come Soon

2023-08-21 13:55:00

Redeye thinks the Q2 report was good, especially from Investment Management. While management commentary was defensive regarding divestments of Principal Investments, Redeye thinks Catella is low-balling and prefers to overdeliver rather than the opposite - implying that both Kaktus and Jönköping could be divested during the fall. Redeye raises its estimates, mainly for Investment Management, resulting in a higher fair value range.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/