{"id":47504,"date":"2023-08-31T05:04:45","date_gmt":"2023-08-31T04:04:45","guid":{"rendered":"https:\/\/abl-group.com\/abl\/?p=47504"},"modified":"2023-08-31T05:05:04","modified_gmt":"2023-08-31T04:05:04","slug":"abl-group-asa-q2-2023-financial-results","status":"publish","type":"post","link":"https:\/\/abl-group.com\/abl\/all-media\/news\/investor-news\/2023\/abl-group-asa-q2-2023-financial-results\/","title":{"rendered":"ABL Group ASA: Q2 2023 financial results"},"content":{"rendered":"\n<p><strong>HIGHLIGHTS Q2 2023<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenues of USD 67.9 million (Q2 22: USD 41.4 million)<\/li>\n\n\n\n<li>Operating profit of USD 4.4 million (Q2 22: USD 3.9 million)<\/li>\n\n\n\n<li>Adjusted EBIT of USD 5.3 million (Q2 22: USD 4.4 million)<\/li>\n\n\n\n<li>Net cash of USD 14.6 million (Q1 23: USD 16.3 million)<\/li>\n\n\n\n<li>Acquisition of AGR completed in April<\/li>\n\n\n\n<li>Semi-annual dividend of NOK 0.35 per share paid in June<\/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 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.<\/em><\/p>\n\n\n\n<p><em>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\u2019 increased expenditure on oil &amp; 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.\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 are available on <a href=\"https:\/\/newsweb.oslobors.no\/search?issuer=12348\">www.newsweb.no<\/a> and on our <a href=\"https:\/\/abl-group.com\/abl\/investor-relations\/reports-and-presentations\/\">Reports and Presentations page<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThe 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.<\/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-47504","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: Q2 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-q2-2023-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: Q2 2023 financial results\" \/>\n<meta property=\"og:description\" content=\"\u201cThe second quarter of 2023 represents another step change in the development of ABL Group. 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