Abg Sundal Collier Asa (ABGSF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

OK, good morning all and a warm welcome to ABG Sondahl Collier's Q4 results presentation. Before we kick off the presentation, I would like to mention that we will as usually have a Q&A session at the end of the presentation. And should you want to raise a question, please use the Q&A function in Teams and we will answer all questions in turn. I would also like to mention that I'm joined by my CFO, Geir Olsson, here today. I'd like to start with some general comments and reflections. As you all know, we operate in a rather cyclical industry, but those of you who have listened to previous results presentations might recall that I usually talk about the strength of our business model from a diversification perspective. In our quest to always provide our customers with the best possible advice and execution, we need to be leaders in all relevant product areas and have in-depth knowledge of the environment in which our clients operate in, i.e. sector expertise. Then, and only then, we can be credible in stating that we always deliver the best advice for our clients and their needs. Not the advice that best suits our own capabilities or other activities, such as investment banks within lending banks. One of the positive side effects of that is that our ability to deliver decent stability in our group revenues derived from segments, products and niches that, of course, are way more volatile than the heading. And we deliver that without basically any recurring revenues up until now, at least. I dare to say even that many of our peers, not many of our peers, have been able to show the same rock solid stability in M&A and brokerage revenues, two of our three main revenue streams, being basically flat compared to the peak year 2021. And in the absence of a broad return of the ...