ABGSC - Q3 2024 Interim Report

17 Oct 2024 08:00 CEST

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
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.


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.

More information:
Access the news on Oslo Bors NewsWeb site

629764_ABGSC_2024_Q3_report.pdf
629764_ABGSC_2024_Q3_Stock_Exchange_Release_17_October.pdf