Norway's ABG Sundal Q3 revenue rises on strong M&A, capital markets performance
Norway's ABG Sundal Q3 revenue rises on strong M&A, capital markets performance
Overview
Norway investment bank's Q3 revenue grew 25% yr/yr to NOK 594 mln
Q3 diluted EPS rose to NOK 0.151 from NOK 0.136
Company announced partnership with Nordnet to launch private banking firm in Sweden
Outlook
Company enters Q4 with a solid pipeline and high client activity levels
Company sees accessible IPO market and strong demand for equity transactions
Company aims to convert pipeline opportunities and strengthen market position
Result Drivers
M&A AND ADVISORY - Co said strong results in M&A and Advisory, including Project Finance, contributed to Q3 performance
CAPITAL MARKETS - Co said solid appetite for equity transactions and accessible IPO market supported capital markets results
BROKERAGE AND RESEARCH - Co said Brokerage and Research contributed to results, mainly through Equity Sales
Company press release: ID:nWkr46Jtnt
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| NOK 594 mln |
|
Q3 EPS |
| NOK 0.15 |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)