ABG Sundal Collier (DAB) Q3 2026 Earnings Report
DE:DAB Q3 2026 EPS Results
- Actual EPS
- EUR 0.02
- Consensus EPS
- ―
- Beat/Miss
- ―
- One Year Ago EPS
- EUR 0.01
DE:DAB Q3 2026 Revenue Results
- Actual Revenue
- EUR 55.97M
- Expected Revenue
- ―
- Beat/Miss
- ―
- YoY Revenue Growth
- +25.03%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/13/2026
- Time
- Before Open
- Conference Call
- Tuesday, October 13, 2026
ABG Sundal Collier's next earnings date is estimated for February 10, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call was strongly positive overall, supported by record third-quarter revenue, double-digit growth in reported and adjusted EPS, 19% year-to-date revenue growth, strong M&A and advisory performance, record Danish results and positive strategic developments. The company also reported a diversified pipeline and continued momentum in several businesses. Offsetting factors included slightly lower M&A transaction volumes, a quarter-over-year decline in corporate financing, market pressure from higher interest rates and wider credit spreads, higher operating costs and a NOK 20 million private banking platform write-off.
Looking ahead into the fourth quarter, ABG Sundal Collier has a well-diversified pipeline across products and geographies and will focus on serving clients in the best possible way; the private banking joint venture with Nordnet will launch in 2027, when the consolidated cost base will be reduced by the current annual underlying run rate of approximately NOK 50 million, with over 50% share of the joint venture's net profit presented as income from equity accounted investments, and the group expects synergies going forward from the consolidation of FIH Partners.
- Record Third-Quarter PerformanceQ3 was ABG Sundal Collier's strongest third quarter on record. Revenues were NOK 594 million, up 25% from the corresponding quarter last year, while reported EPS increased 16% and adjusted EPS, excluding write-offs in the quarter, increased 30%.
- Strong Year-to-Date ResultsYear-to-date revenues were slightly above NOK 1.7 billion, up approximately 19% from the same period last year. The year-to-date pretax margin was 20.6%, almost similar to last year, and diluted EPS increased approximately 16% to NOK 0.47.
- Broad-Based ContributionsQuarterly contributions were broadly based across business areas, geographies and products.
- Nordnet Private Banking PartnershipABG announced a partnership with Nordnet in private banking that will combine the companies' respective strengths and launch in 2027. The market response has been very encouraging.
- Planned Private Banking Cost ReductionWhen the Nordnet private banking joint venture launches in 2027, ABG's consolidated cost base is expected to be reduced by the current annual underlying run rate of approximately NOK 50 million. More than 50% of the joint venture's net profit will thereafter be presented as income from equity-accounted investments.
- CEO Succession AnnouncedSverre Tyrhaug is scheduled to take over as CEO during the fourth quarter of this year.
- Diversified Fourth-Quarter PipelineThe group entered the fourth quarter with a well-diversified pipeline across products and geographies, with a continued focus on serving clients.
- Positive Equity Capital Markets EnvironmentEquity markets were relatively stable and at strong levels, slightly up during the quarter, supporting transaction activity including IPOs. ECM volumes were significantly up quarter-over-quarter, with management noting an underlying positive trend despite a few very large transactions driving the increase.
- Sustained Debt Capital Markets ActivityDebt capital markets volumes increased quarter-over-quarter and remained relatively stable over the last four quarters from record levels, meaning DCM volumes continued at a high pace.
- Corporate Financing Growth and Transaction ActivityCorporate financing was up 28% year-to-date and remained at strong levels in a seasonably relatively silent quarter. The group completed transactions across ECM and DCM, including three IPOs in Stockholm, several large ECM placements and several very large DCM transactions.
- Strong M&A and Advisory PerformanceQ3 M&A and advisory revenues were up significantly, close to doubling from the corresponding quarter last year, while year-to-date revenues increased 31%. Growth came from all geographies and areas, notably including Project Finance. The group completed several large transactions, including Eurowind Energy, Viva Wine Group and the take-private of Elektroimportoren.
- M&A Platform Strength and PipelineManagement reported continued strength in the M&A platform, measured both by transaction size and transaction count, with a strong pipeline.
- Brokerage and Research MomentumBrokerage and research revenues were close to stable in Q3 and year-to-date, continuing at a high level. Norway delivered another strong quarter with growth against tough third-quarter comparables, the U.S. franchise continued to gain momentum following key hires and higher client activity, and Swedish program trading delivered like-for-like commission growth of 23% year-over-year.
- Record Danish Results and FIH IntegrationThe acquisition of FIH Partners was integrating very well, with record results in Denmark and one joint team covering Denmark from the new offices. The combination demonstrated the strength of the platform.
- Strategic Headcount ExpansionHeadcount increased strategically, primarily in investment banking, with the acquisition of FIH Partners explaining the majority of the change from the previous quarter. The increase was described as part of the long-term plan to grow investment banking revenues.
- Higher Revenue per EmployeeYear-to-date revenue per head increased approximately 15% to NOK 5 million per head.
DE:DAB Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 10, 2027 | 2026 (Q4) | ―- | ― | ― | ― |
| Oct 13, 2026 | 2026 (Q3) | ―0.02 | 0.01 | 11.03% (+0.00) | |
| Jul 07, 2026 | 2026 (Q2) | ―0.02 | 0.02 | 38.02% (+0.01) | |
| Apr 15, 2026 | 2026 (Q1) | ―0.01 | 0.01 | -16.30% (-0.00) | |
| Feb 11, 2026 | 2025 (Q4) | ―- | 0.02 | ― | |
| Oct 16, 2025 | 2025 (Q3) | ―0.01 | 0.01 | 66.67% (+0.01) | |
| Jul 08, 2025 | 2025 (Q2) | ―0.02 | 0.02 | 14.97% (+0.00) | |
| Apr 10, 2025 | 2025 (Q1) | ―0.01 | 0.01 | -21.37% (-0.00) | |
| Feb 13, 2025 | 2024 (Q4) | ―0.02 | 0.02 | 11.94% (+0.00) | |
| Oct 17, 2024 | 2024 (Q3) | ―0.01 | 0.01 | 22.54% (+0.00) |
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.
