Welcome to our dedicated page for Castellum news (Ticker: CWQXY), a resource for investors and traders seeking the latest updates and insights on Castellum stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Castellum's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Castellum's position in the market.
On April 25, 2022, Castellum will release its Q1 report at 8:00 a.m. CET, followed by a live webcast at 9:00 a.m. CET where CEO Rutger Arnhult and CFO Maria Strandberg will discuss the results. The report will be accessible on their website, which also hosts the presentation from 8:45 a.m. CET. A teleconference will allow analysts, investors, and journalists to ask questions post-presentation. Castellum, a major Nordic commercial property company, aims to achieve climate neutrality by 2030 and is listed on Nasdaq Stockholm Large Cap.
Castellum AB held its Annual General Meeting on March 31, 2022, confirming a dividend of SEK 7.60 per share, payable in four installments of SEK 1.90 each. Record dates for the dividend are set for April 4, June 30, September 30, and December 30, 2022. Key governance changes include amendments to the Articles of Association, allowing meetings in both Gothenburg and Stockholm, and the election of a six-member Board, with Per Berggren as Chairman. The AGM authorized the board for future share issues and acquisitions to enhance capital structure. Deloitte was appointed as auditor until 2023.
As of March 29, 2022, Castellum holds 17,331,000 ordinary shares, representing 5.01% of total shares and votes. This acquisition aligns with decisions made during the Annual General Meeting on March 25, 2021. The company's total issued shares stand at 345,731,968, each providing one vote. Castellum is a major property firm in the Nordics, with a property value of approximately SEK 176 billion as of December 31, 2021. The firm aims for climate neutrality by 2030 and is listed on Nasdaq Stockholm Large Cap.
The City Council of Gothenburg has approved a joint venture between Castellum and the Port of Gothenburg for the construction of the Halvorsäng Logistics Park. This project will encompass 270,000 square meters of logistics land, enhancing Gothenburg's competitive edge and creating new jobs. Construction begins this spring, with full development expected by 2026. The logistics park is strategically located near the port and major industries, offering advanced logistics solutions, including a charging and hydrogen station for heavy traffic. Approximately 700 jobs are anticipated upon completion.
Castellum AB has summoned shareholders to its Annual General Meeting on March 31, 2022, at 5 PM in Gothenburg. In light of COVID-19, postal voting options have been provided for shareholder participation. Key agenda items include the adoption of the annual accounts, allocation of profits, and the election of board members, including the chairman. The board proposes a dividend of SEK 7.60 per share, payable in four installments. Shareholders must notify participation by March 25, 2022, and the meeting is expected to address necessary amendments to the company's articles of association.
Castellum has announced the divestment of 12 properties in Gävle to Fastighets AB Regio for approximately SEK 2.3 billion. The transaction will incur an impairment of goodwill of around MSEK 150 and generate deferred tax income of approximately MSEK 300. The properties, featuring 107,000 square metres of lettable area and a rental value of MSEK 160 per year, have an economic occupancy rate of 97%. The deal is set to close on 31 March 2022, enhancing Castellum's financial position following its merger with Kungsleden.
Castellum reported record earnings for 2021, achieving a total income of MSEK 6,353, with a notable increase in income from property management rising 4% to MSEK 3,522. The company’s net income soared to MSEK 11,828 compared to 5,615 the previous year, translating to SEK 41.81 per share. Property value grew to MSEK 176 billion, bolstered by successful acquisitions in Sweden, Finland, and Norway. Castellum also announced a dividend increase for the 24th consecutive year, reflecting strong financial performance.
Maria Strandberg has been appointed as the new CFO of Castellum, succeeding Ylva Sarby Westman. Formerly Finance Director at Kungsleden, she brings extensive experience in financial management and auditing. Strandberg aims to enhance financial reporting and support Castellum's growth strategy as one of the largest property companies in the Nordic region, valued at approximately SEK 148 billion as of November 2021. CEO Rutger Arnhult expressed confidence in the new Executive Management team, emphasizing their focus on growth.
The Election Committee of Castellum has nominated Henrik Käll for a new position on the Board of Directors, while current board members Per Berggren, Anna Kinberg Batra, Anna-Karin Celsing, Joacim Sjöberg, and Rutger Arnhult are proposed for re-election. Notably, Christina Karlsson Kazeem and Zdravko Markovski have opted not to seek re-election. Käll brings extensive experience from his roles in banking and finance, particularly within the interest rate sector. The complete proposal will be accessible on Castellum's website ahead of the Annual General Meeting 2022.
FAQ
What is the market cap of Castellum (CWQXY)?
