ABG Sundal Collier: ABGSC - Q3 2024 Interim Report
YTD diluted EPS of NOK 0.35 (+35%)
CEO comment:
Following the quarter marking the 40th anniversary of our firm, I am very pleased to report one of the strongest third quarters ever. In what is a seasonally slow quarter, we saw robust activity in investment banking transactions and revenues coming close to the NOK 400m mark. This implies 10% growth in the quarter and 12% YTD, lifting our YTD EPS by 35%. This once again demonstrates the leverage of our business model.
The quarter demonstrated the breadth of our franchise, with solid contributions from all products and segments. I would particularly like to highlight our strong performance in Debt Capital Markets (DCM) and the growth in Brokerage and Research.
At the beginning of the year, we initiated a strategic update, reviewing our corporate strategy to ensure it aligns with our long-term objectives. Our mission is to enable companies and capital to grow and perform. This is our top priority as we have the clear ambition to be the obvious choice for clients and top talent in the industry. To enhance our services and increase efficiency, we have strengthened our Nordic integration through clearly defined pan-Nordic product and sector teams and streamlined coordination between sales and research.
While we aim to leverage our current infrastructure and platform, we will continue to invest judiciously in technology and make quality additions to our pool of talent. With such additions, we believe there is significant potential for profitable growth by filling gaps and increasing market share within our current core segments, broadening product offerings, extending market reach and successfully launching new ventures.
For further information:
Jonas Ström, 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 (https://mcas-proxyweb.mcas.ms/certificate-checker?login=false&originalUrl=http%3A%2F%2Fwww.abgsc.com.mcas.ms%3FMcasTsid%3D20892&McasCSRF=bf0432390ce4f99a67bc599b145921b41f8b93ff77d591f15bb6ad5c36438d25).
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 17 October 2024.