Inntektshopp for ABG
Meglerhuset, som har ny toppsjef på vei inn, økte både omsetning og resultat.
Oslo Børs reported record earnings for ABG Sundal Collier, with revenue reaching 594 million kroner in the third quarter, an increase from 476 million kroner in the same quarter last year. This marks ABG's highest third-quarter revenue to date, according to the company's quarterly report.
The company's profit, including taxes, also rose to 120 million kroner, up from 101 million kroner a year ago. ABG's business unit dealing with mergers and acquisitions (M&A) and advisory services doubled its revenue compared to the previous year, reaching 308 million kroner. The company claims this sector "delivered strong results" despite typically being a quieter time of year.
ABG believes the stock market for IPOs remains accessible to those well-positioned. In the third quarter, the company participated in three IPOs. When it comes to debt and equity offerings (DCM), activity was lower than an "exceptionally strong comparison period," according to the company.
The new CFO takes over this quarter, with Sverre Tyrhaug, who previously led law firm Thommessen, set to assume the role. Current interim CEO Kristian B. Fyksen will continue as the head of ABG's investment banking operations until Tyrhaug takes over in the fourth quarter. Earlier this fall, ABG also announced partnerships with Nordnet for private banking services.
Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
