ABG Sundal Collier

Earnings Release • Apr 10, 2025

ABGSC - Q1 2025 Interim Report

ABGSC - Q1 2025 Interim Report

Highlights:

· Stable performance from a robust and diversified business

· Revenues of NOK 407m (NOK 403m)

· Net profit of NOK 50m (NOK 56m)

· Diluted EPS of NOK 0.09 (NOK 0.11)

CEO comments ? Well-positioned for navigating in troubled waters

Recent headlines have been dominated by heightened geopolitical uncertainty,

primarily driven by US policy developments, including international security and

newly introduced tariffs. As a result, market volatility has increased, leading

to a sell-off in global markets across asset classes.

During the first quarter, the Nordic markets remained relatively resilient,

supported by high levels of secondary trading activity and strong investor

demand for high-yield credit. This environment led to tight credit spreads and

favorable issuance conditions for high-yield bond issuers, resulting in robust

revenue contributions from our brokerage and debt capital markets (DCM)

segments.

As expected, Q1 marked a seasonally slower period for corporate M&A and equity

capital markets ECM) activity, with muted ECM volumes across the Nordic region.

Moreover, we are seeing a delay in the recovery of M&A activity, with the number

of announced transactions broadly in line with the previous year. Against this

backdrop, I am pleased that we successfully closed more than 30 transactions

during the quarter and achieved a modest year-over-year increase in top-line

revenue.

A key milestone at the start of the second quarter is the progress in Private

Banking. We are pleased to have started onboarding the first clients and look

forward to launching our offering to a broader audience in the coming weeks and

months. We appreciate the strong interest in our services and look forward to

welcoming a range of new clients to the firm.

We believe independent, objective advice and insights from external advisors are

essential, especially in markets experiencing significant uncertainty due to

unprecedented political and policy changes. Our primary focus is on effectively

supporting our clients through turbulent periods, ensuring they benefit from our

complete independence and the absence of conflicting interests from internal

lending or asset management operations. We are committed to providing clear

advice, best-in-class execution, and the agility to swiftly adapt to evolving

market conditions.

For further information:

Jonas Ström, CEO +46 8 566 294 68

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

Please find attached the Q1 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 10 April 2025.