Norway's ABG Sundal Q2 revenue rises; CEO to step down

Overview

• Norway investment bank's Q2 revenue rose 27% yr/yr to NOK 727 mln

• Q2 diluted EPS increased to NOK 0.24 from NOK 0.18 a year earlier

• CEO announced decision to step down

Outlook

• Company expects efficiency programme to deliver full annualised benefit from 2027

• ABG Sundal enters H2 with a healthy pipeline and close client dialogues

• Company says Nordic capital markets remain supportive and dynamic

Result Drivers

• CAPITAL MARKETS ACTIVITY - Supportive capital markets drove more opportunities across core businesses, with record activity in Nordic high-yield debt and increased IPO listings

• CORPORATE FINANCING & M&A - Improved performance in Corporate Financing and continued strong M&A revenues contributed to results

• DANISH OPERATION EXPANSION - Recently expanded Danish operation delivered its strongest quarter on record following FIH Partners acquisition

Company press release:

Key Details

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