ABG Sundal Collier

Earnings Release • Oct 17, 2024

ABGSC - Q3 2024 Interim Report

ABGSC - Q3 2024 Interim Report

Highlights:

·

Q3 revenues of NOK 392m (+10%)

·

Q3 diluted EPS of NOK 0.09 (+29%)

·

YTD revenues of NOK 1,305m (+12%)

·

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

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20892&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.