ABGSC – Q2 2021 Interim Report

Highlights:

• Continued strong performance in all business segments, with Q2 revenues of NOK 809m (+99%)
• YTD revenues of NOK 1,547m, up 131% from NOK 670m
• YTD non-compensation operating costs below last year
• YTD diluted EPS of NOK 0.80 (0.19)
• Transaction pipeline developing well going into H2

CEO comment:

Q2 proved to be yet another massive quarter, as our top line doubled relative to the decent Q2 last year. With revenues exceeding NOK 1.5bn at the half-year mark and NOK 2.8bn over the last four quarters, I also find it highly rewarding that the income base has broadened significantly in recent quarters, with increased activity in all markets and within all product segments. We have a strategic goal of growing our Nordic revenue base and are very happy to see that we have already exceeded the previous full-year revenue records for both our Danish and Swedish operations.

Over the last 12 months we have completed more than 170 investment banking transactions and raised more than NOK 150bn of debt and equity for our corporate clients. This is a new record for ABGSC and is driven by a combination of strong market fundamentals and ABGSC capturing a larger portion of the total available market. Also, our brokerage and research operations have continued their positive trend established over the past year.

An important reason for our success is our strong cross-selling initiatives within our comprehensive product portfolio, enabling a truly holistic view of our corporate clients and their needs and contributing to strengthened long-term business relationships. In recent years, we have more than doubled our corporate client base buying one or more of our services. We are also highly grateful to the vast number of our recurring clients, providing testimony to our ability to add value and provide quality advice over time and through different phases. This is also evidence that our broad pan-Nordic capital market offering is highly appreciated and that we have built a stronger and less cyclical business model.

Jonas Ström, CEO

For further information:
Jonas Ström, CEO                     +46 8 566 294 68
Geir B. Olsen, CFO                   +47 22 01 60 35

Please find attached the Q2 2021 Interim Report. A presentation will be held as a webcast at 09.00 CET 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 CET on 9 July 2021”

ABG Sundal Collier is a Nordic investment bank, providing high-quality independent investment banking advice to our clients. We offer deep sector knowledge, extensive transaction experience and access to a large network of corporates and investors. We enable businesses and capital to grow and perform. ABG Sundal Collier is listed on the Oslo Stock Exchange. Read more about us at abgsc.com