ABG Sundal Collier Holding ASA Earnings Call Transcripts
Fiscal Year 2026
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Q1 saw resilient revenue growth and stable segment performance despite geopolitical tensions and sharp declines in Nordic capital market volumes. Integration of FIH Partners strengthened the platform, and a robust pipeline positions the business for growth as markets normalize.
Fiscal Year 2025
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Q4 revenue grew 15% and full-year revenue rose 12%, driven by record M&A performance and strong DCM. Acquisition of FIH Partners strengthened the Danish market position, while a NOK 0.55 dividend is proposed. Entering 2026 with a robust, diversified pipeline.
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Q3 saw 21% revenue growth and a 56% EPS increase, driven by strong debt capital markets and M&A. Swedish IPO activity is robust, with Stockholm leading in Europe, and new ventures are diversifying revenue streams.
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Q2 saw 12% revenue growth to NOK 570 million, with strong M&A and Brokerage performance offsetting declines in capital markets. New ventures in Private Banking and Alternatives are diversifying revenues, while operating margin reached 20%, below the 25% target.
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Stable Q1 performance with resilient revenues, strong debt capital markets, and brokerage growth. Net profit declined year-over-year, but private banking launch and ongoing cost control position the firm for future margin improvement.
Fiscal Year 2024
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Q4 revenues rose 15% and full-year revenues grew 13%, driven by strong Debt Capital Markets performance. Investments in private banking impacted profitability, but core EPS rose 32% year-over-year. A NOK 0.50 dividend per share is proposed, with a robust capital buffer.
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Achieved one of the strongest Q3s ever, with 10% revenue growth and 35% EPS increase year-over-year. DCM revenues surged 32%, while brokerage and research returned to growth. Focus remains on scaling the platform, broadening offerings, and maintaining high profitability.
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Q2 saw revenues rise 35% and operating profit surge 132% year-over-year, driven by strong performance across all investment banking segments and stable brokerage revenues. The transaction pipeline is robust, with gradual improvement expected in equity capital markets and a stronger IPO outlook for 2025.