ABG Sundal Collier reported second-quarter revenue of NOK 727 million, representing a 27% increase from the same period a year earlier. The Norway-based investment bank also registered an improvement in diluted earnings per share, which rose to NOK 0.24 from NOK 0.18 in the prior-year quarter.
Company leadership confirmed that the group's chief executive officer will leave the role following the close of the second quarter. No additional timing or succession details were provided in the announcement.
Management attributed the top-line growth primarily to heightened capital markets activity across the Nordic region. During the quarter, the bank recorded record activity in Nordic high-yield debt markets and noted an increase in initial public offering listings compared with the prior-year period.
Operationally, corporate financing showed improved results, and merger and acquisition advisory revenues remained strong through the quarter. The bank highlighted that its recently expanded Danish operation delivered its strongest quarterly performance on record since the acquisition of FIH Partners, contributing to the overall revenue uplift.
Looking ahead, ABG Sundal Collier described Nordic capital markets as supportive and dynamic as the firm enters the second half of the year. Management said the company continues to maintain a healthy pipeline and close client relationships, which it views as supporting ongoing activity.
On cost and efficiency, the investment bank expects its efficiency program to deliver full annualized benefits starting in 2027. No additional financial targets or quantified savings were disclosed in the statement.
Summary
- Second-quarter revenue: NOK 727 million, up 27% year-on-year.
- Diluted EPS: NOK 0.24, compared with NOK 0.18 in the prior-year quarter.
- CEO to step down after the second quarter.
Sectors impacted - Nordic capital markets, corporate finance and investment banking activities including high-yield debt issuance and IPO markets.