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Regulatory press release

ABG Sundal Collier Holding ASA: ABGSC - Q3 2023 Interim Report

ABG Sundal Collier
Download the release
Highlights:
  • Solid quarter with revenues up 18%
  • Q3 revenues of NOK 356m (NOK 303m)
  • YTD revenues of NOK 1,161m (NOK 1,196m)
  • Q3 diluted EPS of NOK 0.07 (NOK 0.03)
  • YTD diluted EPS of NOK 0.26 (NOK 0.33)

CEO comment:

The past quarter was strong in an historical context. Q3 represented a nice uptick relative to the same period last year, as revenues were up 18%, bringing Q3 diluted EPS from NOK 0.03 to NOK 0.07.

Albeit that Q3 is the seasonal low point and with continued muted capital market sentiment, we again benefited from the resilience of our diversified business model. Our commitment to this strategy, aimed at continually fortifying the company, has been deeply integrated into our long-term approach for many years. In the absence of IPOs, we still closed numerous capital market- and M&A transactions during the quarter. The growth in several key business areas offsets the temporary declines experienced in others.

We remain committed to prudent cost management while also continuing to recruit top talent, both at junior and senior levels. While we have started adding staff to our new business areas (Private Banking and Alternatives), the overall headcount remains broadly unchanged, reflecting our balanced approach to growth and risk.

We are cautiously optimistic about the coming quarters, as we have a strong inflow of new mandates and are experiencing fairly high activity in our Investment Banking operations. We will continue to execute capital markets transactions when opportunities arise across sectors and products. Furthermore, we are always deeply committed to providing creative and solution-oriented advice within our leading M&A franchise.

For further information:

Jonas Strom, CEO                                +46 8 566 294 68

Geir B. Olsen, CFO                               +47 22 01 60 35

Please find attached the Q3 Interim Report. A presentation will be held as a webcast at 09:00 CEST and can be accessed through a weblink or call-in details presented on our corporate website www.abgsc.com. 

This information is considered to be inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was submitted for publication, through the agency of the contact persons set out above, at 08:00 CEST on 13 October 2023.

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