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ABG Sundal Collier (DE:DAB)
FRANKFURT:DAB
Germany Market
EarningsQ2 2026 Earnings Report

ABG Sundal Collier (DAB) Q2 2026 Earnings Report

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DE:DAB Q2 2026 EPS Results

Actual EPS€0.02
Consensus EPS―
Beat/Miss―
One Year Ago EPS€0.02

DE:DAB Q2 2026 Revenue Results

Actual Revenue€67.79M
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+27.38%

Earnings Announcement Details

QuarterQ2 2026
Date07/07/2026
TimeBefore Open
Conference CallTuesday, July 7, 2026
DE:DAB Upcoming Earnings
ABG Sundal Collier's next earnings date is estimated for October 13, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

DE:DAB Q2 2026 Earnings Call
0:00 / 0:00

Q2 2026 Earnings Slide Deck

No slide deck is available for this earnings event.

Q2 2026 Earnings Call Summary

Q2 2026
Earnings Call Date:Jul 07, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call communicated strong commercial momentum and solid financial performance: 27% revenue growth, robust DCM activity, record Denmark results post-acquisition, stable brokerage revenues, and improving revenue per head. These positives are tempered by higher operating expenses (+18% H1), acquisition-related one-offs and margin drag, macro interest-rate risks and the need to deliver on an efficiency program whose benefits are phased to 2027. The CEO transition was presented as orderly but adds an element of near-term uncertainty.
Company Guidance
Guidance from the call was largely qualitative but anchored to several key metrics and timelines: Q2 revenues were up 27% YoY to NOK 727m (H1 NOK 1.14bn) with operating margin 25% for the quarter (28% excl. transaction/integration effects) and H1 margin 19% (23% excl.), EPS NOK 0.24 in Q2 and NOK 0.32 in H1, brokerage revenues roughly NOK 150m in the quarter (NOK 600m last 4 quarters), Nordic ECM volumes +128% YoY in Q2 and DCM volumes at all‑time highs, Private Banking committed capital above SEK 2bn, FTEs near 350 with ~60 in support, and operating expenses up 18% YoY to NOK 926m (from NOK 784m) mainly due to performance‑related compensation and integration costs; management signalled confidence in continued growth and profitability once temporary acquisition effects fade and said the firm‑wide efficiency programme should deliver its full benefits by full‑year 2027.
Strong Revenue Growth
Q2 revenues grew 27% year-on-year to NOK 727 million (from NOK 570 million), delivering first-half revenues of NOK 1.14 billion.
Healthy Profitability and EPS
Reported operating margin of 25% in Q2 (28% excluding transaction, integration and presentation effects); first-half margin 19% (23% ex-effects). Earnings per share were NOK 0.24 in Q2 and NOK 0.32 for H1.
Outstanding Performance in Denmark Following Acquisition
Denmark delivered its strongest quarter ever, reflecting strengthened market position after the acquisition of FIH Partners and broad geographic contribution to growth.
Corporate Finance / DCM and IPO Success
Corporate Finance drove top-line growth, with particularly strong DCM activity and several high-profile transactions. Notable achievement: participation in the best-performing Nordic IPO ever (Silex).
Private Banking Growth and Asset Momentum
Private Banking attracted new clients and asset inflows with committed capital above SEK 2 billion and strong performance in discretionary wealth portfolios that outperformed relevant indices.
Market Environment and Capital Markets Activity
Nordic equity indices reached new highs, volatility remained low (VIX < 20), ECM volumes rose 128% YoY (with caveat of a weak prior period) and DCM volumes touched all-time highs, underpinning franchise activity.
Stable Brokerage & Strong Industry Rankings
Brokerage and research revenues were stable (~NOK 150 million in the quarter; ~NOK 600 million over the last 4 quarters). ABG achieved #1 ranking in Nordic equities trading/execution (Extel) and overall #2 in the same survey.
Controlled Headcount Expansion and Revenue per Head Improvement
Total headcount near 350 FTEs, with growth mainly driven by the FIH acquisition; support functions stable at ~60 FTEs. The firm reports higher revenue per head, indicating improved productivity.

DE:DAB Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Oct 13, 2026
2026 (Q3)
- / -
0.014―
2026 (Q2)
- / 0.02
0.01838.02% (<+0.01)
Apr 15, 2026
2026 (Q1)
- / <0.01
0.009-16.30% (>-0.01)
2025 (Q4)
- / -
0.021―
2025 (Q3)
- / 0.01
0.00866.67% (<+0.01)
2025 (Q2)
- / 0.02
0.01614.97% (<+0.01)
2025 (Q1)
- / <0.01
0.011-21.37% (>-0.01)
2024 (Q4)
- / 0.02
0.01911.94% (<+0.01)
2024 (Q3)
- / <0.01
0.00722.54% (<+0.01)
2024 (Q2)
- / 0.02
0.007111.39% (<+0.01)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed