26 October 2023 - ABL Group's 2023 third quarter results

HIGHLIGHTS Q3 2023

o	Revenues of USD 70.4 million (Q3 22: USD 44.1 million)
o	Operating profit of USD 5.5 million (Q3 22: USD 3.3 million)
o	Adjusted EBIT of USD 6.8 million (Q3 22: USD 4.0 million)
o	Net cash of USD 14.9 million (Q2 23: USD 14.6 million)
o	Acquisition of Delta Wind Partners completed in August
o	Semi-annual dividend of NOK 0.35 per share declared, to be paid in November

Reuben Segal, CEO of ABL Group ASA ("ABL Group" or the "Company") commented:
"We are very happy to report record quarterly revenues and adjusted EBIT in the
third quarter of 2023, with improved margins in every business segment compared
to our previous quarter. It is also the highest quarterly return on capital
employed in the company's history, in large part due to reduced capital
intensity after our acquisition of AGR.

Outlook for ABL Group for the remainder of 2023 and into 2024 is positive.
Whilst our activity in the maritime sector is high and stable, clients'
increased expenditure on oil & gas projects provides good prospects for 2024 and
beyond. In the offshore wind consultancy market, we expect to see a slowing of
the record growth levels recorded thus far in 2023 as markets adjust to
increasing cost levels, but we are well positioned to capture market share and
we remain confident in the long term market trajectory."

A live webcast presentation of the quarterly results will be held today at 08:30
CET, and will available for replay shortly after. It will be possible to ask
questions live on the webcast. To watch the webcast, please visit ABL Group's
website, www.abl-group.com.

The quarterly 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, Chief Financial Officer, 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 40 countries worldwide and operates under four
main brands: ABL, OWC, Longitude and AGR.