EAB Group

EAB reported H1 comparable operating income of EUR 14.7m, 27% above our estimate. Adjusted EBIT of EUR 4.2m beat our estimate by 110% due to higher-than-expected performance-fees. H1 costs increased by EUR 1.4m y/y, driven by EUR 1.5m increase in personnel...

EAB announced that its H1 net profit margin will be significantly positive, while the company now expects 2022 net profit margin to be significantly positive (earlier guidance was for clearly positive margin). We have anticipated 13.1% in H1E and 14....

In line with earlier communication, Evli and EAB have today signed combination agreement. The potential merger is expected to implemented in H2 2022 subject to, inter alia, that Evli has received the approval from the Financial Supervisory Authority ...