Kurs & Likviditet
Beskrivning
Land | Storbritannien |
---|---|
Lista | OB Match |
Sektor | Tjänster |
Industri | Shipping & Offshore |
2023-08-31 06:00:00
31 August 2023 - ABL Group's 2023 second quarter results
HIGHLIGHTS Q2 2023
o Revenues of USD 67.9 million (Q2 22: USD 41.4 million)
o Operating profit of USD 4.4 million (Q2 22: USD 3.9 million)
o Adjusted EBIT of USD 5.3 million (Q2 22: USD 4.4 million)
o Net cash of USD 14.6 million (Q1 23: USD 16.3 million)
o Acquisition of AGR completed in April
o Semi-annual dividend of NOK 0.35 per share paid in June
Reuben Segal, CEO of ABL Group ASA ("ABL Group" or the "Company") commented:
"The second quarter of 2023 represents another step change in the development of
ABL Group. The acquisition of AGR accounted for a large element of year-on-year
growth at 64% but organic growth of 47% in renewables consultancy OWC confirms
we are well placed to access active energy markets.
I retain a positive outlook for ABL Group for the second half of 2023. Whilst
our activity in the maritime sector will remain relatively flat, clients'
increased expenditure on oil & gas projects provides activity for 2023 and
beyond. We remain confident in the offshore wind market following the record
high level of investment commitments announced year to date, and are pleased to
have secured the acquisition of Delta Wind Partners to strengthen our market
presence across the life cycle of projects."
A presentation of the quarterly results will be held today at 08:30 CET at
SpareBank 1 Markets' office at Olav Vs gate 5, 0161 Oslo. The event will be
webcast live and available for replay shortly after. To watch the webcast,
please visit ABL Group's website, www.abl-group.com.
The quarterly report and a corresponding slide presentation is available on
www.newsweb.no and on ABL Group's web site, www.abl-group.com.
ENDS
For further information, please contact:
Investors and financial media:
Stuart Jackson, CFO, ABL Group ASA
Email: stuart.jackson@abl-group.com
Other media enquiries:
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no
About ABL Group
ABL Group (OSE: ABL Group ASA - ticker code "ABL") is a leading independent
global consultancy delivering energy, marine, engineering and digital solutions
to drive safety and sustainability in renewables, maritime and oil and gas
sectors. The group has offices in 39 countries worldwide and operates under four
main brands: ABL, OWC, Longitude and AGR.