{"id":61250,"date":"2024-04-25T07:02:48","date_gmt":"2024-04-25T06:02:48","guid":{"rendered":"https:\/\/abl-group.com\/abl\/?p=61250"},"modified":"2024-04-25T08:40:00","modified_gmt":"2024-04-25T07:40:00","slug":"abl-group-asa-q1-2024-financial-results","status":"publish","type":"post","link":"https:\/\/abl-group.com\/abl\/all-media\/news\/investor-news\/2024\/abl-group-asa-q1-2024-financial-results\/","title":{"rendered":"ABL Group ASA: Q1 2024 financial results"},"content":{"rendered":"\n<p>25 April 2024 \u2013 ABL Group\u2019s 2024 first-quarter results<\/p>\n\n\n\n<p>HIGHLIGHTS Q1 2024<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenues of USD 68.9 million (Q1 23: USD 45.2 million)<\/li>\n\n\n\n<li>Operating profit of USD 3.4 million (Q1 23: USD 2.7 million)<\/li>\n\n\n\n<li>Adjusted EBIT of USD 3.7 million (Q1 23: USD 3.2 million)<\/li>\n\n\n\n<li>Net cash of USD 19.4 million (Q4 23: USD 17.2 million)<\/li>\n\n\n\n<li>Proposed semi-annual dividend of NOK 0.4 per share in H1 2024 upheld<\/li>\n<\/ul>\n\n\n\n<p>Reuben Segal, CEO of ABL Group ASA (\u201cABL Group\u201d or the \u201cCompany\u201d), commented:<br><em>\u201cWe achieved solid operating results in the first quarter. The acquisition of AGR accounted for a large element of our annual growth of 53%, but we also demonstrated organic growth in all existing parts of the business. We delivered year-on-year margin improvement across three of our four segments, while our renewables consultancy, OWC, experienced lower utilisation in a tough offshore wind market.<\/em><\/p>\n\n\n\n<p><em>Our outlook for ABL Group for 2024 remains upbeat. A larger share of global oil &amp; gas expenditure is expected to go into offshore execution, where ABL Group\u2019s core capacity lies. The offshore wind industry sentiment is improving in what will be the busiest year of auctions ever in the sector. Finally, activity in the maritime sector remains high and stable, providing a robust base for our more cyclical operations.\u201d<\/em><\/p>\n\n\n\n<p>A <a href=\"https:\/\/abl-group.com\/abl\/wp-content\/uploads\/2024\/04\/Q1-2024-presentation_final.pdf\">presentation<\/a> 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","protected":false},"excerpt":{"rendered":"<p>25 April 2024 \u2013 ABL Group\u2019s 2024 first-quarter results HIGHLIGHTS Q1 2024 Reuben Segal, CEO of ABL Group ASA (\u201cABL Group\u201d or the \u201cCompany\u201d), commented:\u201cWe achieved solid operating results in the first quarter. The acquisition of AGR accounted for a large element of our annual growth of 53%, but we also demonstrated organic growth in [&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":[977],"tags":[],"sector":[],"service":[],"company":[],"class_list":["post-61250","post","type-post","status-publish","format-standard","hentry","category-977"],"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 2024 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\/2024\/abl-group-asa-q1-2024-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 2024 financial results\" \/>\n<meta property=\"og:description\" content=\"25 April 2024 \u2013 ABL Group\u2019s 2024 first-quarter results HIGHLIGHTS Q1 2024 Reuben Segal, CEO of ABL Group ASA (\u201cABL Group\u201d or the \u201cCompany\u201d), commented:\u201cWe achieved solid operating results in the first quarter. 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The acquisition of AGR accounted for a large element of our annual growth of 53%, but we also demonstrated organic growth in [&hellip;]","og_url":"https:\/\/abl-group.com\/abl\/all-media\/news\/investor-news\/2024\/abl-group-asa-q1-2024-financial-results\/","og_site_name":"ABL","article_published_time":"2024-04-25T06:02:48+00:00","article_modified_time":"2024-04-25T07:40:00+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\/2024\/abl-group-asa-q1-2024-financial-results\/#article","isPartOf":{"@id":"https:\/\/abl-group.com\/abl\/all-media\/news\/investor-news\/2024\/abl-group-asa-q1-2024-financial-results\/"},"author":{"name":"George Lenox","@id":"https:\/\/abl-group.com\/abl\/#\/schema\/person\/1a54a8404066452ce3b217824eadc7f5"},"headline":"ABL Group ASA: Q1 2024 financial results","datePublished":"2024-04-25T06:02:48+00:00","dateModified":"2024-04-25T07:40:00+00:00","mainEntityOfPage":{"@id":"https:\/\/abl-group.com\/abl\/all-media\/news\/investor-news\/2024\/abl-group-asa-q1-2024-financial-results\/"},"wordCount":243,"publisher":{"@id":"https:\/\/abl-group.com\/abl\/#organization"},"articleSection":["2024"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/abl-group.com\/abl\/all-media\/news\/investor-news\/2024\/abl-group-asa-q1-2024-financial-results\/","url":"https:\/\/abl-group.com\/abl\/all-media\/news\/investor-news\/2024\/abl-group-asa-q1-2024-financial-results\/","name":"ABL Group ASA: Q1 2024 financial results - 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