ABGSC – Q3 2021 Interim Report

Highlights:

• Strongest ever Q3 with revenues of NOK 561m (+55%)
• YTD revenues of NOK 2,108m, up 104% from NOK 1,033m
• YTD diluted EPS of NOK 1.02 (0.32)
• Solid and diversified pipeline heading into Q4 and 2022

CEO comment:

Despite normally being the seasonally slowest quarter, Q3 2021 turned out to be yet another record-breaking quarter with revenues of NOK 561m (+55%). Following the summer holidays, there has been a high level of activity as we continue to grow our business across markets, products and sectors. Although ECM continues to be the strongest revenue contributor, we see strong growth both within DCM and M&A.

We are running a truly Nordic operation and have a constant focus on how to further improve our capacity to efficiently serve clients across borders. Our footprint and total expertise throughout our firm and our offices allow us to offer better advice and a broader set of options to our clients.

To meet our strategic ambitions and further build our capabilities to serve an expanded list of clients, we have continued to strengthen our organisation by recruiting and develop a number of top talents at all our Nordic offices, taking the total headcount to a new all-time high of 320.

On that note, I would like to extend a welcome to all graduates that have joined us from leading Nordic and international universities and business schools during the quarter. At ABGSC, you will work with the top management of Nordic corporates and some of the most sophisticated investors in the industry, while learning the craftsmanship under the guidance of highly experienced colleagues.

Having broken all historical revenue records in four successive quarters, we have taken L4Q revenues to the NOK 3bn mark. Despite executing transactions at a fast and even pace, we retain a solid and well diversified pipeline. We are humble about the importance of stable and open markets to our business on a quarter-to-quarter basis, but I believe we have built a resilient and sound business model that has the capacity to deliver robust and profitable growth in the longer term and across business cycles.

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 Q3 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 14 October 2021