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Catena

Catena

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Catena: Year-end report, January - December 2019

08:00 / 20 February 2020 Catena Press release

Summing up 2019, we see continued positive development in all parts of the operations. A key prerequisite is our active project development work, which includes investments in both new facilities and existing holdings.

 20 February 2020, 08:00 a.m.
  • Rental income rose by 8 percent to SEK 1,182.9 million (1,090.7).
  • Net operating surplus increased by 9 percent to SEK 902.8 million (827.6).
  • Profit from property management rose by 10 percent to SEK 626.8 million (571.3).
  • Profit for the year increased to SEK 1,223.8 million (823.4), corresponding to earnings per share of SEK 32.46 (21.93), including changes ni value of SEK 895.7 million (368.8).
  • Net asset value per share, EPRA NAV, increased to SEK 202.87 (169,53).
  • The Board of Directors proposes a dividend of SEK 6.50 per share (5,75).

"We maintain a positive view of our market and can assert that the cash flow trend, which has been Catena's signature and which safeguards our continued capacity, remains favourable" says CEO Benny Thögersen in his comments.   

"Goods must always be optimally placed in the logistics network to meet demands in terms of timely delivery, climate footprint and cost. The interaction between terminals, logistics warehouses, distribution centres, city logistics, or various combinations of these, is crucial. Our capacity to identify optimal future locations at an early stage, in a complex and changing logistics network, is one of the keys to our success." summarises CEO Benny Thögersen.

At 10.00 a.m. on 20 February, the webcast will commence for the interim report for January-December 2019. 
Follow the webcast via link: https://tv.streamfabriken.com/catena-fastigheter-q4-2019
Dial-in: Sweden: +46856642705, UK: +443333009035, US: +18335268396

For further information, please contact

Benny Thögersen, CEO, Tel. +46 706-60 83 50,
benny.thogersen@catenafastigheter.se 

Peter Andersson, Deputy CEO and CFO, Tel. +46 730-70 22 44,
peter.andersson@catenafastigheter.se

Catena is a listed property company that, through collaboration sustainably develops, owns and manages efficient logistics facilities. Its strategically located properties supply the Scandinavian metropolitan areas and are adapted for both current and future goods flows.. The overall objective is to generate strong cash flow, enabling stable development and providing shareholders a favourable total return in the long term. As of 31 December 2019, the properties had a total value of SEK 16,270.5 million. Catena's shares are traded on NASDAQ Stockholm, Mid Cap.

This information is such that Catena AB (publ) is obliged to publish under the EU Market Abuse Regulation and the Securities Market Act. The information was provided by the contact persons mentioned in this press release, for publication at the time stated above.

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