ABC arbitrage

Half-year results 2021: € 16.8m¹

2021 annualized ROE: 21.7%

ABC arbitrage’s Board of Directors, chaired by Chairman Dominique Ceolin, met on September 16, 2021 to approve the consolidated accounts for the first half of 2021.

Company performance

In accordance with IFRS, consolidated net sales at June 30, 2021 amounted to 35.1 million euros and consolidated net income to 16.8 million euros, down (-34.4%) compared to the first half of 2020, which was a historic half for the Group.

After a 2020 financial year impacted by the COVID19 pandemic, the first half of 2021 has gradually returned to the central bank paradigm with significant injections of liquidity leading to a significant drop in volatility and volumes throughout the half-year. Although these parameters still have a strong influence on the Group’s activity, ABC arbitrage has confirmed its progress in effectively exploiting these market conditions. The Group’s sales for this first half are 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 euros over the whole of 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, in line with the quarterly distribution policy, the results and the needs of the group. These payments will be made in cash and, due to the deduction from the issue premium account, will have the tax character of a refund of share issue premiums within the meaning of Article 112 1 ° of the General Code of taxes.
The ex-dates are respectively scheduled for Tuesday 12 October 2021 and Tuesday 7 December 2021 for payments on Thursday 14 October 2021 and Thursday 9 December 2021.

The story continues

Outlook
Following on from 2020, central banks 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 from the various central bankers confirm the relative sustainability of current programs. for the next two years.
This context, already experienced by the Group, particularly since the end of 2016, has formed an important part of the Group’s strategic planning. In particular, this type of context, favorable to periods of calm followed by significant market shocks, confirms the strategic choices of the ABC 2022 plan presented in 2020. The Group therefore continues to invest in R&D to develop capacity strategies and provide the necessary resources. grow the assets under management, without neglecting the development of its historical know-how, a source of significant gains in times of turbulence. Halfway through its strategic plan, the ABC arbitrage group continues to structure its ambitions by reconciling the development of its equity 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

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