Abl Group ASA
OSE:ABL
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Abl Group ASA
ABL Group ASA offers adjusting, marine, engineering, offshore, and renewables consultancy services to the energy, shipping, and insurance industries. The company is headquartered in Oslo, Oslo. The company went IPO on 2014-08-13. ABL Group operates under six brands: ABL, OWC, Innosea, Longitude, East Point Geo and ABL Yachts. ABL Group focuses on the provision of high end consultancy to the global energy, shipping and insurance industries. The services can be categorized across three market sectors: Renewables is engaged in independent engineering and consultancy services to offshore wind industry, Oil & Gas offers engineering and consultancy services to the offshore oil and gas industry and Maritime is involved in worldwide emergency incident response and surveys to marine insurance industry. The firm operates in over 30 countries across Europe, Africa, the Americas, the Middle East, Asia, and Australia.
ABL Group ASA offers adjusting, marine, engineering, offshore, and renewables consultancy services to the energy, shipping, and insurance industries. The company is headquartered in Oslo, Oslo. The company went IPO on 2014-08-13. ABL Group operates under six brands: ABL, OWC, Innosea, Longitude, East Point Geo and ABL Yachts. ABL Group focuses on the provision of high end consultancy to the global energy, shipping and insurance industries. The services can be categorized across three market sectors: Renewables is engaged in independent engineering and consultancy services to offshore wind industry, Oil & Gas offers engineering and consultancy services to the offshore oil and gas industry and Maritime is involved in worldwide emergency incident response and surveys to marine insurance industry. The firm operates in over 30 countries across Europe, Africa, the Americas, the Middle East, Asia, and Australia.
Revenue Growth: ABL Group reported Q3 revenue of $87.8 million, up 2% year-on-year, with contributions from acquisitions and organic growth in most segments.
Profitability Improvement: Group EBIT margin rose to 4.2% from 3.4% a year ago, with adjusted EBIT increasing to $3.7 million.
Segment Highlights: The ABL segment delivered a standout quarter with a 20.2% EBIT margin; AGR experienced weaker performance due to vessel and resourcing headwinds.
Cash Flow & Debt: Net debt increased to $2.6 million, down from a $1 million net cash position last quarter, mainly due to changes in working capital.
Dividend Declared: A semiannual dividend of NOK 0.45 per share (about $6 million) will be paid in November.
Strategic Focus: Management reaffirmed its growth strategy, with an emphasis on driving efficiencies, decentralized accountability, and maintaining active M&A activity.
Outlook: The company anticipates flat oil & gas and renewables markets into 2026, continued focus on efficiency, and aims for a return on capital up to 20% through 2027.
