2020 Interim Results: €25.7m / 2020 annualized ROE: 32.8% Paris Stock Exchange:ABCA

2020 Interim Outcomes: €25.7m / 2020 annualized ROE: 32.8% Paris Inventory Trade:ABCA

2020 Interim Outcomes: €25.7m1

2020 annualized ROE: 32.8%

The Board of Administrators of ABC arbitrage, presided by the Chairman Dominique Ceolin, met on September 17, 2020 to approve the consolidated monetary statements for the primary half 2020.

In EUR hundreds of thousandsJune 30, 2020 IFRSJune 30, 2019 IFRS Dec. 30, 2019 IFRS
Web revenues€44.8m€17.8m€37.2m
Web revenue€25.7m€8.5m€18.3m
Earnings per share (EPS)€0.44€0.15€0.31
Shareholders fairness€156.5m€149.5m€139.9m
Annualized Return On Fairness (ROE)32.8%11.2%12.8%

Enterprise efficiency

In accordance with IFRS requirements, consolidated web income at 30 June 2020 was €44.Eight million and consolidated web revenue amounted to €25.7 million, a big enhance (+203%) in comparison with first half 2019.  

The primary half of 2020 is marked by simply over three months of volatility and volumes above their ranges of the final 5 years. These parameters all the time strongly affect exercise and the Group was in a position to affirm its experience in the sort of state of affairs regardless of an distinctive context, significantly in March which skilled market shocks that have been uncommon even in 2008. Group income for the primary half of the yr is subsequently according to the markets encountered. As well as, the substantial enhance in bills primarily corresponds to a rise in provisions for future performance-based remuneration for Group workers, in logical correlation with the rise in earnings. From an operational viewpoint, the implementation of the BCP (Enterprise Continuity Plan) within the context of the well being disaster has validated the investments made lately with wonderful operational efficiency of our groups remotely.

Dividend Coverage

On the proposal of the Board of Administrators, and in accordance with its quarterly distribution coverage, ABC arbitrage pays two interim dividends of €0.10 per share every. The detachment of the primary interim dividend is scheduled for Tuesday, October 6, 2020 for cost on October 8, 2020. The timing and phrases of the next cost will probably be specified at a later date.

Within the first half of the yr, the well being disaster generated excessive volatility and vital volumes on the markets. ABC arbitrage has as soon as once more demonstrated its experience in the sort of context. The strategic plan “ABC 2022”, launched in the beginning of 2020, goals at bettering the outcomes of the Group in a state of affairs of low volatility, maintained by the central banks for a few years. With out decreasing its efforts on its core companies, the Group confirms its need to proceed to take a position to enhance its leads to calm environments, symptomatic of the paradigm bolstered in 2020 by central banks and governments to assist the financial system. As a direct consequence of their interventions, the markets have in current months skilled a big drop in exercise and traditionally excessive valuations in sure sectors, even taking the S&P500 quickly to its highs and “intraday”2 volatility to 2017 lows. On the power of its efficiency on the service of its shareholders and shoppers, ABC arbitrage confirms its distribution coverage and the upkeep of the priorities of its “ABC 2022” plan corresponding to the event of its property beneath administration and the implementation of recent areas of arbitrage.

1As of the date of this press launch, the work of the statutory auditors is within the means of being finalized.

2 Actions made by the markets through the course of a day versus the VIX which evaluates potential future turbulence.


Contacts :
Relations actionnaires :
Relations presse : VERBATEE /
EURONEXT Paris – Compartiment B
ISIN : FR0004040608
Reuters BITI.PA / Bloomberg ABCA FP


  • 2020 ABCA CP Resultats S1 2020 Venglish

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