Catena updates financial targets

Catena’s financial targets and guidelines brings stability to the company’s business model and contributes to strengthen the company’s financial position. By updating the targets in the Finance policy, conditions are created for continued growth.

9 April 2021, 3.30 p.m.

Today, the Board of Catena has decided to update four of Catena’s financial targets in the Finance policy. The new, updated objectives includes:

  • Equity ratio should be at least 40 percent
  • Interest-coverage ratio shall not be less than a multiple of 2
  • Average debt maturity should be at least 2.5 years
  • Net loan-to-value ratio shall not exceed 50 percent

”The update of Catena’s financial targets clarifies our focus on financial stability and growth. The future for attractive and sustainable logistics properties is bright and we expect continued positive development together with our customers”, says Catena’s CEO Jörgen Eriksson.
 

For further information, please contact
Jörgen Eriksson, CEO, Tel. + 46 730-70 22 42, jorgen.eriksson@catenafastigheter.se
Sofie Bennsten Deputy CEO and CFO, Tel. + 46 730-70 22 41 sofie.bennsten@catenafastigheter.se
Follow: catenafastigheter.se / LinkedIn / Twitter

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