{"id":42803,"date":"2023-04-27T05:00:00","date_gmt":"2023-04-27T04:00:00","guid":{"rendered":"https:\/\/abl-group.com\/abl\/?p=42803"},"modified":"2023-04-27T02:32:27","modified_gmt":"2023-04-27T01:32:27","slug":"abl-group-asa-q1-2023-financial-results","status":"publish","type":"post","link":"https:\/\/abl-group.com\/abl\/all-media\/news\/investor-news\/2023\/abl-group-asa-q1-2023-financial-results\/","title":{"rendered":"ABL Group ASA: Q1 2023 financial results"},"content":{"rendered":"\n<p>ABL Group\u2019s 2023 first-quarter results<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-highlights-q1-2023\">HIGHLIGHTS Q1 2023<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenues of USD 45.2 million (Q1 22: USD 39.6 million)<\/li>\n\n\n\n<li>Operating profit of USD 2.7 million (Q1 22: USD 2.8 million)<\/li>\n\n\n\n<li>Adjusted EBIT of USD 3.6 million (Q1 22: USD 3.4 million)<\/li>\n\n\n\n<li>Net cash of USD 16.3 million (Q4 22: USD 17.6 million)<\/li>\n\n\n\n<li>Acquisition of AGR completed on 18 April<\/li>\n\n\n\n<li>Proposed semi-annual dividend of NOK 0.35 per share in H1 2023 upheld<\/li>\n<\/ul>\n\n\n\n<p>Reuben Segal, CEO of ABL Group ASA (\u201cABL Group\u201d or the \u201cCompany\u201d), commented:<\/p>\n\n\n\n<p><em>\u201cThe first quarter was overall positive, with record high revenues and solid profitability. Organic revenue growth continues to be driven primarily by our renewables consultancy OWC, while our Europe and Americas regions particularly demonstrate improved margins. Activity increased towards the end of the period, and we expect this trend to continue through the next quarter.<\/em><\/p>\n\n\n\n<p><em>We are particularly pleased to have completed the acquisition of AGR just past the quarter\u2019s end.<\/em> <em>The acquisition gives ABL Group a strong position in well and reservoir consultancy, grows our position within digitalisation and energy transition solutions, and expands our services with a resourcing offering that is already well established in the oil and gas sector and positioned for growth within offshore wind.\u201d<\/em><em><\/em><\/p>\n\n\n\n<p>A presentation of the quarterly results will be held today at 08:30 CET at SpareBank 1 Markets\u2019 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 our <a href=\"https:\/\/abl-group.com\/abl\/investor-relations\/reports-and-presentations\/\">Reports and Presentations page<\/a>.<\/p>\n\n\n\n<p>The quarterly report and a corresponding slide presentation is available <a href=\"https:\/\/abl-group.com\/abl\/wp-content\/uploads\/2023\/04\/Q1-2023-presentation_final.pdf\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ABL Group\u2019s 2023 first-quarter results HIGHLIGHTS Q1 2023 Reuben Segal, CEO of ABL Group ASA (\u201cABL Group\u201d or the \u201cCompany\u201d), commented: \u201cThe first quarter was overall positive, with record high revenues and solid profitability. Organic revenue growth continues to be driven primarily by our renewables consultancy OWC, while our Europe and Americas regions particularly demonstrate [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[927],"tags":[],"sector":[106],"service":[],"company":[],"class_list":["post-42803","post","type-post","status-publish","format-standard","hentry","category-927","sector-renewables"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.6 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ABL Group ASA: Q1 2023 financial results - ABL<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/abl-group.com\/abl\/all-media\/news\/investor-news\/2023\/abl-group-asa-q1-2023-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ABL Group ASA: Q1 2023 financial results\" \/>\n<meta property=\"og:description\" content=\"ABL Group\u2019s 2023 first-quarter results HIGHLIGHTS Q1 2023 Reuben Segal, CEO of ABL Group ASA (\u201cABL Group\u201d or the \u201cCompany\u201d), commented: \u201cThe first quarter was overall positive, with record high revenues and solid profitability. Organic revenue growth continues to be driven primarily by our renewables consultancy OWC, while our Europe and Americas regions particularly demonstrate [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/abl-group.com\/abl\/all-media\/news\/investor-news\/2023\/abl-group-asa-q1-2023-financial-results\/\" \/>\n<meta property=\"og:site_name\" content=\"ABL\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-27T04:00:00+00:00\" \/>\n<meta name=\"author\" content=\"George Lenox\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"George Lenox\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/abl-group.com\\\/abl\\\/all-media\\\/news\\\/investor-news\\\/2023\\\/abl-group-asa-q1-2023-financial-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/abl-group.com\\\/abl\\\/all-media\\\/news\\\/investor-news\\\/2023\\\/abl-group-asa-q1-2023-financial-results\\\/\"},\"author\":{\"name\":\"George Lenox\",\"@id\":\"https:\\\/\\\/abl-group.com\\\/abl\\\/#\\\/schema\\\/person\\\/1a54a8404066452ce3b217824eadc7f5\"},\"headline\":\"ABL Group ASA: Q1 2023 financial results\",\"datePublished\":\"2023-04-27T04:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/abl-group.com\\\/abl\\\/all-media\\\/news\\\/investor-news\\\/2023\\\/abl-group-asa-q1-2023-financial-results\\\/\"},\"wordCount\":248,\"publisher\":{\"@id\":\"https:\\\/\\\/abl-group.com\\\/abl\\\/#organization\"},\"articleSection\":[\"2023\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/abl-group.com\\\/abl\\\/all-media\\\/news\\\/investor-news\\\/2023\\\/abl-group-asa-q1-2023-financial-results\\\/\",\"url\":\"https:\\\/\\\/abl-group.com\\\/abl\\\/all-media\\\/news\\\/investor-news\\\/2023\\\/abl-group-asa-q1-2023-financial-results\\\/\",\"name\":\"ABL Group ASA: Q1 2023 financial results - 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ABL","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/abl-group.com\/abl\/all-media\/news\/investor-news\/2023\/abl-group-asa-q1-2023-financial-results\/","og_locale":"en_GB","og_type":"article","og_title":"ABL Group ASA: Q1 2023 financial results","og_description":"ABL Group\u2019s 2023 first-quarter results HIGHLIGHTS Q1 2023 Reuben Segal, CEO of ABL Group ASA (\u201cABL Group\u201d or the \u201cCompany\u201d), commented: \u201cThe first quarter was overall positive, with record high revenues and solid profitability. Organic revenue growth continues to be driven primarily by our renewables consultancy OWC, while our Europe and Americas regions particularly demonstrate [&hellip;]","og_url":"https:\/\/abl-group.com\/abl\/all-media\/news\/investor-news\/2023\/abl-group-asa-q1-2023-financial-results\/","og_site_name":"ABL","article_published_time":"2023-04-27T04:00:00+00:00","author":"George Lenox","twitter_card":"summary_large_image","twitter_misc":{"Written by":"George Lenox","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/abl-group.com\/abl\/all-media\/news\/investor-news\/2023\/abl-group-asa-q1-2023-financial-results\/#article","isPartOf":{"@id":"https:\/\/abl-group.com\/abl\/all-media\/news\/investor-news\/2023\/abl-group-asa-q1-2023-financial-results\/"},"author":{"name":"George Lenox","@id":"https:\/\/abl-group.com\/abl\/#\/schema\/person\/1a54a8404066452ce3b217824eadc7f5"},"headline":"ABL Group ASA: Q1 2023 financial results","datePublished":"2023-04-27T04:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/abl-group.com\/abl\/all-media\/news\/investor-news\/2023\/abl-group-asa-q1-2023-financial-results\/"},"wordCount":248,"publisher":{"@id":"https:\/\/abl-group.com\/abl\/#organization"},"articleSection":["2023"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/abl-group.com\/abl\/all-media\/news\/investor-news\/2023\/abl-group-asa-q1-2023-financial-results\/","url":"https:\/\/abl-group.com\/abl\/all-media\/news\/investor-news\/2023\/abl-group-asa-q1-2023-financial-results\/","name":"ABL Group ASA: Q1 2023 financial results - 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