ABG Sundal Collier

Earnings Release • Feb 13, 2025

ABGSC - Q4 2024 Interim Report

ABGSC - Q4 2024 Interim Report

Highlights:

·

Q4 revenues of NOK 628m (+15%)

·

Q4 diluted EPS of NOK 0.21 (+17%)

·

FY revenues of NOK 1,933m (+13%)

·

FY diluted EPS of NOK 0.56 (+27%)

·

Proposed dividend of NOK 0.50 per share

CEO comment: A strong quarter reflecting the overall performance of the year

The final quarter of 2024 reflected the full year's performance, with revenues

up 15% y-o-y and annual revenues up 13% compared to 2023.

While most of our operations made steady contributions, the debt capital markets

segment was the primary driver of this improvement. Sentiment for high-yield

bond issuance reached an all-time high, fueled by strong investor appetite and

capital inflows into credit funds. The dynamics of the Nordic bond market are

unique globally, attracting a range of local and international issuers to raise

debt capital in the Nordics. ABGSC's broad access to investors has enabled us to

capture a fair share of this market, helping to raise the equivalent of more

than NOK 55bn for our clients during the year.

Apart from a few relatively large transactions, the Nordic market for raising

equity remained modest in 2024. Although a few companies listed their shares on

the Nordic exchanges, the number of IPOs and the amount of money raised remained

at historically low levels. During Q4, we began to see signs of improvement,

advising on 2 out of 2 main market IPOs completed in the Nordics. Especially in

Sweden, we have recently seen a growing pipeline from new companies looking to

go public, and we are hopeful for a gradual return to more normal activity

levels in this important segment for ABGSC.

M&A activity was decent during the quarter and throughout the year. In this

regard, I would like to highlight ABGSC's strong position in public-toprivate

transactions, where we secured the #1 ranking in both deal count and total

transaction value. In addition, our brokerage and research businesses continued

to contribute consistently throughout the year, providing an anchor of stability

to the business.

While there are some cyclical elements to our industry, as well as notable

fluctuations at the product and client sector level, our broad sector coverage

and balanced full-service approach contribute to lower revenue and earnings

volatility. Our ability to provide best-in-class advice and execution across all

major product groups always makes us a relevant partner for our clients.

As we look ahead to 2025, we will be looking to further improve our market

share, and we are excited about broadening our service offering through the

upcoming launch of our Private Banking operation. We have great ambitions in

this area and look forward to welcoming our first clients to explore the

potential of this new offering.

For further information:

Jonas Ström, CEO +46 8 566 294 68

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

Please find attached the Q4 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=00e560623e3071a27033cb0901fa89d431641e57791d14ad1edde8d566d5014d).

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 February 2025.