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Catella AB Class B Sees Growth in Assets Under Management Despite Profit Dip

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Catella AB Class B Sees Growth in Assets Under Management Despite Profit Dip

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An update from Catella AB Class B ( ($SE:CAT.B) ) is now available.

Catella AB Class B reported a third-quarter operating profit of SEK 7 million, down from SEK 19 million the previous year, due to reduced transactional revenues. Despite this, the company increased its assets under management to SEK 160 billion, reflecting a strategic focus on securing new investment management mandates and enhancing fixed and recurring revenue streams.

The most recent analyst rating on ($SE:CAT.B) stock is a Hold with a SEK33.00 price target. To see the full list of analyst forecasts on Catella AB Class B stock, see the SE:CAT.B Stock Forecast page.

More about Catella AB Class B

Catella AB Class B operates in the European real estate market, focusing on investment management and transactional advisory services. The company aims to strengthen its pan-European presence and enhance shareholder value through strategic growth in assets under management and institutional partnerships.

Average Trading Volume: 66,990

Technical Sentiment Signal: Buy

Current Market Cap: SEK2.64B

See more data about CAT.B stock on TipRanks’ Stock Analysis page.

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