ABC arbitrage: 2021 Interim Results
21 September 2021 - 03:00PM
ABC arbitrage: 2021 Interim Results
ABC arbitrage
2021 Interim Results: €16.8m1
2021 annualized ROE: 21.7%
The Board of Directors of ABC arbitrage,
presided by the Chairman Dominique Ceolin, met on September 16,
2021 to approve the consolidated financial statements for the first
half 2021.
In EUR millions |
June 30, 2021 IFRS |
June 30, 2020 IFRS |
Dec. 31, 2020 IFRS |
Net revenues |
€35.1m |
€44.8m |
€68.8m |
Net income |
€16.8m |
€25.7m |
€35.1m |
Earnings per share (EPS) |
€0.29 |
€0.44 |
€0.60 |
Annualized Return On Equity (ROE) |
21.7% |
32.8% |
23.9% |
Business performance
In accordance with IFRS standards, consolidated
net revenue at 30 June 2021 was €35.1 million and consolidated net
income amounted to €16.8 million, a decrease (-34.4%) compared to
first half 2020, which was a historic half-year for the Group.
After a fiscal year 2020 impacted by the COVID19
pandemic, the first half of 2021 has gradually shifted back to the
central bank paradigm with significant injections of liquidity
resulting in a significant decrease in volatility and volumes
throughout the semester. Although these parameters still have a
strong influence on the Group's activity, ABC arbitrage has
confirmed the progress it has made in exploiting these market
conditions effectively. The Group's revenue for this first half is
therefore consistent with the markets encountered. In addition, and
as a reminder, in accordance with the press release of June 4,
20212, the Group expects an exceptional negative impact of around
€3 million for the full year 2021, which is taken into account at
100% in the net income presented at June 30, 2021.
Dividend Policy
On the proposal of the Board of Directors, the
General Meeting of June 11, 2021 approved two payments of €0.10 per
share each, consistent with the group's quarterly distribution
policy, results and needs. These payments will be in cash and, due
to the deduction from the share premium account, will have the
fiscal nature of a reimbursement of share issuance premiums within
the meaning of Article 112 1° of the French General Tax Code.The
ex-dates are scheduled respectively on Tuesday October 12, 2021 and
Tuesday December 7, 2021 for payments on Thursday October 14, 2021
and Thursday December 9, 2021.
OutlookFollowing on from 2020, the
central banks have reassured the markets on numerous occasions in
2021, allowing the main world indices to break records since the
last low point in March 2020. The latest speeches by various
central bankers confirm the relative sustainability of the
programmes underway for the next two years.This context already
experienced by the Group in particular since the end of 2016 has
formed an important part of the Group’s strategic planning. In
particular, this type of context, favorable to calm periods
followed by significant market shocks, confirms the strategic
choices of the ABC 2022 plan presented in 2020. The Group is
therefore continuing to invest in R&D to develop capacity
strategies and to build the resources needed to grow assets under
management, without neglecting development in its historical
know-how, which is a source of significant gains in turbulent
periods. Halfway through its strategic plan, the ABC arbitrage
Group continues to structure its ambitions by balancing the
development of its equity capital and the pursuit of its
distribution policy for the benefit of its shareholders and its
medium and long-term projects.
1As of the date of this press release, the work
of the statutory auditors is in the process of being finalized.
2 Press Release June 4, 2021
Contacts :
abc-arbitrage.comRelations actionnaires :
actionnaires@abc-arbitrage.comRelations presse: VERBATEE /
v.sabineu@verbatee.com |
EURONEXT Paris - Compartiment BISIN :
FR0004040608Reuters BITI.PA / Bloomberg ABCA
FP |
- 2021 ABCA CP Resultats S1 2021 Venglish
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