ABG Sundal Collier (ABG) Q2 2026 earnings summary

Executive summary

• Achieved second strongest Q2 revenue in history, with 27% year-over-year growth to NOK 727 million.

• Strong performance across geographies, especially Denmark, which delivered its best quarter ever post-FIH Partners acquisition.

• CEO announced stepping down effective September 1st after over seven years, ensuring a smooth transition; succession planned for September 2026.

• Corporate Financing, especially DCM, showed substantial improvement; IPO activity and M&A remained strong.

• Diluted EPS increased to NOK 0.24 in Q2 and NOK 0.32 for H1.

Financial highlights

• Q2 revenue rose 27% year-over-year to NOK 727 million; first half revenue reached NOK 1.14 billion.

• Q2 net profit: NOK 136.2 million; H1 net profit: NOK 174.5 million.

• Operating margin was 25% in Q2 and 19% for the first half; adjusted Q2 margin was 28%.

• Earnings per share for Q2 was NOK 0.24, and NOK 0.32 for the first half.

• Operating expenses increased 18% year-over-year in H1, mainly due to higher performance-related compensation and integration costs.

Outlook and guidance

• Firm-wide efficiency program underway, with full effects expected by 2027 to enhance operational leverage and profitability.

• Entering H2 with a healthy pipeline and strong client dialogues.

• Leadership transition expected to maintain momentum and position for continued growth.