Upcoming Dividend • May 21
Upcoming dividend of kr0.45 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 15 June 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 8.7%. Within top quartile of British dividend payers (5.7%). Higher than average of industry peers (4.3%). Annuncio • May 14
ABL Group ASA (OB:ABL) agreed to acquire Synergenog Sdn. Bhd. ABL Group ASA (OB:ABL) agreed to acquire Synergenog Sdn. Bhd. on May 13, 2026. Upon completion of the acquisition, SynergenOG will be integrated with the group’s design and engineering consultancy, Longitude. Reported Earnings • May 08
First quarter 2026 earnings released First quarter 2026 results: Revenue: US$82.4m (flat on 1Q 2025). Net income: US$1.75m (up US$1.85m from 1Q 2025). Profit margin: 2.1% (up from net loss in 1Q 2025). Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Energy Services industry in the United Kingdom. Recent Insider Transactions • Mar 12
Chief Executive Officer recently bought kr6.8m worth of stock On the 5th of March, Hege Norheim bought around 55k shares on-market at roughly kr123 per share. This transaction increased Hege's direct individual holding by 9x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hege has been a buyer over the last 12 months, purchasing a net total of kr13m worth in shares. Buy Or Sell Opportunity • Mar 04
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to kr9.58. The fair value is estimated to be kr7.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • Mar 02
Final dividend of kr0.45 announced Shareholders will receive a dividend of kr0.45. Ex-date: 28th May 2026 Payment date: 15th June 2026 Dividend yield will be 9.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (170% cash payout ratio). The dividend has increased by an average of 29% per year over the past 6 years. However, payments have been volatile during that time. Reported Earnings • Feb 27
Full year 2025 earnings released: US$0.04 loss per share (vs US$0.034 profit in FY 2024) Full year 2025 results: US$0.04 loss per share (down from US$0.034 profit in FY 2024). Revenue: US$354.4m (up 14% from FY 2024). Net loss: US$5.62m (down 229% from profit in FY 2024). Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Energy Services industry in the United Kingdom. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr9.90, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Energy Services industry in the United Kingdom. Total returns to shareholders of 9.7% over the past year. Board Change • Jan 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Director David Wells was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Dec 06
ABL Group ASA, Annual General Meeting, May 27, 2026 ABL Group ASA, Annual General Meeting, May 27, 2026. Board Change • Nov 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Director David Wells was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Third quarter 2025 earnings released Third quarter 2025 results: EPS: US$0.05. Revenue: US$87.8m (up 1.8% from 3Q 2024). Net income: US$6.77m (up US$6.72m from 3Q 2024). Profit margin: 7.7% (up from 0.1% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Energy Services industry in the United Kingdom. Board Change • Nov 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Director David Wells was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Nov 01
Dividend of kr0.45 announced Shareholders will receive a dividend of kr0.45. Ex-date: 3rd November 2025 Payment date: 27th November 2025 Dividend yield will be 11%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (173% cash payout ratio). The dividend has increased by an average of 35% per year over the past 5 years. However, payments have been volatile during that time. Board Change • Sep 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Director David Wells was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 22
Second quarter 2025 earnings released Second quarter 2025 results: US$0.03 loss per share. Revenue: US$96.1m (up 40% from 2Q 2024). Net loss: US$3.28m (down US$3.82m from profit in 2Q 2024). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Annuncio • May 30
ABL Group ASA Approves Dividend, Payable on or About 16 June 2025 The Annual General Meeting in ABL Group ASA held on May 28, 2025, approved the Board’s proposal of distributing a dividend of NOK 0.45 per share. The shares in ABL Group ASA will be traded without the right to receive dividend as from 30 May 2025 (ex-date). The dividend will be distributed to the shareholders on or about 16 June 2025. The distribution will be classified as a repayment of paid-in capital. Upcoming Dividend • May 24
Upcoming dividend of kr0.45 per share Eligible shareholders must have bought the stock before 30 May 2025. Payment date: 16 June 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.7%. Within top quartile of British dividend payers (5.7%). Higher than average of industry peers (6.6%). Reported Earnings • May 03
Full year 2024 earnings released: EPS: US$0.036 (vs US$0.071 in FY 2023) Full year 2024 results: EPS: US$0.036 (down from US$0.071 in FY 2023). Revenue: US$309.6m (up 23% from FY 2023). Net income: US$4.61m (down 45% from FY 2023). Profit margin: 1.5% (down from 3.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Energy Services industry in the United Kingdom. Board Change • Apr 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Hege Norheim was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Hege Norheim was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Feb 28
Final dividend of kr0.45 announced Shareholders will receive a dividend of kr0.45. Ex-date: 29th May 2025 Payment date: 16th June 2025 Dividend yield will be 8.7%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (209% earnings payout ratio) nor is it covered by cash flows (161% cash payout ratio). The dividend has increased by an average of 33% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 132% to bring the payout ratio under control. EPS is expected to grow by 148% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: US$0.026 (vs US$0.071 in FY 2023) Full year 2024 results: EPS: US$0.026 (down from US$0.071 in FY 2023). Revenue: US$309.6m (up 23% from FY 2023). Net income: US$4.61m (down 45% from FY 2023). Profit margin: 1.5% (down from 3.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Energy Services industry in the United Kingdom. Annuncio • Feb 26
ABL Group ASA Proposes Cash Dividend, Payable on or About 16 June 2025 ABL Group ASA proposed cash dividend of NOK 0.45 per share. Ex-date is 29 May 2025. Record date is 30 May 2025. Payment date is On or about 16 June 2025. Date of approval is 28 May 2025. Board Change • Feb 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Hege Norheim was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 15
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Hege Norheim was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jan 14
ABL Group ASA (OB:ABL) completed the acquisition of Proper Marine. ABL Group ASA (OB:ABL) entered into an agreement to acquire Proper Marine for enterprise value of BRL 2.68 million on December 5, 2024. The purchase price will be settled with a combination of cash and up to 2,302,494 shares in ABL Group. Settlement of the consideration shares will take place through annual instalments over 5 years from the current date, subject inter alia to the sellers’ continued employment in ABL Group. Upon completion of the acquisition, Proper Marine will be merged with ABLGroup’s design house, Longitude. In 2023, Proper Marine delivered net revenue of BRL 19.6 million and adjusted EBITDA of BRL 4.2 million. Completion of the transaction is expected in January 2025.
ABL Group ASA (OB:ABL) completed the acquisition of Proper Marine on January 13, 2025. Board Change • Nov 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Hege Norheim was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Nov 08
ABL Group ASA, Annual General Meeting, May 28, 2025 ABL Group ASA, Annual General Meeting, May 28, 2025. Reported Earnings • Nov 02
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: US$86.2m (up 23% from 3Q 2023). Net income: US$57.0k (down 99% from 3Q 2023). Profit margin: 0.1% (down from 7.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Energy Services industry in the United Kingdom. Board Change • Oct 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Hege Norheim was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 02
ABL Group ASA (OB:ABL) completed the acquisition of Hidromod - Modelação em Engenharia, Lda. ABL Group ASA (OB:ABL) entered into an agreement to acquire Hidromod - Modelação em Engenharia, Lda on September 12, 2024. The purchase price will be financed by ABL Group’s existing cash holdings and undrawn credit facilities.
For the period ending December 31, 2023, Hidromod - Modelação em Engenharia, Lda reported total revenue of €1 million.
The transaction is expected to be completed in October 2024.
ABL Group ASA (OB:ABL) completed the acquisition of Hidromod - Modelação em Engenharia, Lda on October 1, 2024. Recent Insider Transactions • Sep 07
Chief Executive Officer recently bought kr706k worth of stock On the 3rd of September, Reuben Segal bought around 70k shares on-market at roughly kr10.08 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Reuben's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to kr10.20, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 7x in the Energy Services industry in Europe. Reported Earnings • Aug 28
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: US$68.6m (flat on 2Q 2023). Net income: US$534.0k (down 80% from 2Q 2023). Profit margin: 0.8% (down from 3.9% in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Energy Services industry in the United Kingdom. Board Change • Aug 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Hege Norheim was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jun 18
ABL Group ASA (OB:ABL) completed the acquisition of Ross Offshore AS from Moreld AS. ABL Group ASA (OB:ABL) agreed to acquire Ross Offshore AS from Moreld AS for transaction valued at NOK 100 million on May 15, 2024. The transaction values Ross Offshore at NOK 100 million on a cash and debt-free basis. The transaction will be settled in cash on completion, utilizing ABL Group’s existing cash holdings and undrawn credit facilities. In 2023, Ross Offshore delivered gross revenue of approximately NOK 848 million. The transaction, which is subject to approval by the Norwegian competition authority, is expected to be completed in late Q2 or in early Q3 this year.
ABL Group ASA (OB:ABL) completed the acquisition of Ross Offshore AS from Moreld AS on June 17, 2024. Board Change • Jun 03
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Hege Norheim was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • May 16
ABL Group ASA (OB:ABL) agreed to acquire Ross Offshore AS from Moreld AS for transaction valued at NOK 100 million. ABL Group ASA (OB:ABL) agreed to acquire Ross Offshore AS from Moreld AS for transaction valued at NOK 100 million on May 15, 2024. The transaction values Ross Offshore at NOK 100 million on a cash and debt-free basis. The transaction will be settled in cash on completion, utilizing ABL Group’s existing cash holdings and undrawn credit facilities. In 2023, Ross Offshore delivered gross revenue of approximately NOK 848 million. The transaction, which is subject to approval by the Norwegian competition authority, is expected to be completed in late Q2 or in early Q3 this year. Annuncio • Apr 28
ABL Group Asa Proposes Dividend, Payable on or About 17 June 2024 ABL Group ASA proposed dividend of NOK 0.4 per share. Last day including right: 29 May 2024. Ex-date: 30 May 2024. Record date: 31 May 2024. Payment date: On or about 17 June 2024. Date of approval: 29 May 2024. The dividend payment is conditioned upon approval by the Annual General Meeting to be held on 29 May 2024. Annuncio • Nov 21
ABL Group ASA to Report Fiscal Year 2023 Results on Apr 25, 2024 ABL Group ASA announced that they will report fiscal year 2023 results on Apr 25, 2024 Annuncio • Oct 27
ABL Group Asa Declares Dividend, Payable on or About 20 November 2023 ABL Group ASA declares dividend of NOK 0.35 per share, payable on or about 20 November 2023. Ex-date: 30 October 2023 and Record date: 31 October 2023. Annuncio • Jun 01
ABL Group ASA Approves Dividend, Payable on or About 15 June 2023 ABL Group ASA at its Annual General Meeting held on 31 May 2023, approved the Board’s proposal of distributing a dividend of NOK 0.35 per share. The shares in ABL Group ASA will be traded without the right to receive dividend as from 1 June 2023 (ex-date). The dividend will be distributed to the shareholders on or about 15 June 2023. Reported Earnings • Apr 29
First quarter 2023 earnings released First quarter 2023 results: Revenue: US$45.2m (up 14% from 1Q 2022). Net loss: US$99.0k (down 103% from profit in 1Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Energy Services industry in the United Kingdom. Board Change • Apr 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director David Wells was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director David Wells was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: US$41.4m (up 8.1% from 2Q 2021). Net income: US$2.15m (up 97% from 2Q 2021). Profit margin: 5.2% (up from 2.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 18% while the Energy Services industry in the United Kingdom is not expected to grow. Board Change • Aug 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director David Wells was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 12
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director David Wells was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.