26 February 2025 - ABL Group's 2024 fourth quarter results
HIGHLIGHTS Q4 2024
o Revenues of USD 85.9 million (Q4 23: USD 67.7 million)
o Operating profit of USD 2.4 million (Q4 23: USD 3.9 million)
o Adjusted EBIT of USD 3.1 million (Q4 23: USD 4.5 million)
o Net cash of USD 4.8 million (Q3 24: USD 7.9 million)
o Proposing semi-annual dividend of NOK 0.45 per share in H1 2025
HIGHLIGHTS FULL YEAR 2024
o Revenue of USD 309.6 million (2023: USD 251.2 million)
o Operating profit of USD 10.4 million (2023: USD 16.5 million)
o Adjusted EBIT of USD 12.5 million (2023: USD 18.8 million)
o Total dividend of NOK 0.8 per share paid during 2024
o Completed acquisition of Ross Offshore and Hidromod
Reuben Segal, CEO of ABL Group ASA ("ABL Group" or the "Company") commented:
"Four value adding acquisitions in a little over 6 months shows our commitment
to growing a material consultancy business serving Energy and Oceans. Hidromod
added a new service line to the ABL segment