Financial information

Annual financial data

The Board of Directors of ABC arbitrage, presided by the Chairman Dominique Ceolin, met on September 21, 2018 to approve the consolidated financial statements for the first half 2018.

In EUR millions

  • 2018

    2017

    Change

  • Investment service fees (1)

    16.8

    16

    5.0%

  • Net gains value through profit or loss

    23.3

    22.5

    3.6%

  • Net revenues

    40.1

    38.5

    4.2%

  • Payroll costs

    (13.1)

    (13.8)

    (4.7)%

  • Occupancy costs

    (1.6)

    (1.6)

    2.0%

  • Other expense

    (5.8)

    (5.3)

    10.2%

  • Other taxes

    0.2

    (0.1)

    49.9%

  • Total costs

    (20.8)

    (20.8)

    0.0%

  • Income before tax

    19.3

    17.7

    9.1%

  • Net income attributable to equity holders

    19.7

    18.3

    7.5%

  • Average Equity

    153.4

    159.2

  • ROE - Return on equity

    12.8%

    11.50%

  • Gross ROE

    26.1%

    24.17%

  • Investment service fees (1)

    201816.8

    201716

    Change5.0%

  • Net gains value through profit or loss

    201823.3

    201722.5

    Change3.6%

  • Net revenues

    201840.1

    201738.5

    Change4.2%

  • Payroll costs

    2018(13.1)

    2017(13.8)

    Change(4.7)%

  • Occupancy costs

    2018(1.6)

    2017(1.6)

    Change2.0%

  • Other expense

    2018(5.8)

    2017(5.3)

    Change10.2%

  • Other taxes

    20180.2

    2017(0.1)

    Change49.9%

  • Total costs

    2018(20.8)

    2017(20.8)

    Change0.0%

  • Income before tax

    201819.3

    201717.7

    Change9.1%

  • Net income attributable to equity holders

    201819.7

    201718.3

    Change7.5%

  • Average Equity

    2018153.4

    2017159.2

    Change%

  • ROE - Return on equity

    201812.8

    201711.50

    Change%

  • Gross ROE

    201826.1

    201724.17

    Change%

(1) Investment Services Fees relate to the services that the Group’s management companies bill to Quartys Limited and ABCA Funds Ireland Plc.

(2) Datas have been prepared in accordance with the International Financial Reporting Standards (IFRS)

 

Interim financial data

The Board of Directors of ABC arbitrage, presided by the Chairman Dominique Ceolin, met on September 21, 2018 to approve the consolidated financial statements for the first half 2018.

In EUR millions

  • 2018

    2017

    Variation

  • Investment service fees (1)

    7.9

    7.0

    (5.9%)%

  • Net gains value through profit or loss

    11.6

    13.5

    (14.3)%

  • Net revenues

    18.6

    21.0

    (11.3)%

  • Payroll costs

    (6.1)

    (7.3)

    (15.9)%

  • Occupancy costs

    (0.9)

    (0.8)

    6.5%

  • Other expense

    (3.1)

    (2.6)

    20.5%

  • Other taxes

    (0.1)

    (0.0)

    0.0%

  • Total costs

    (10.2)

    (10.7)

    (4.8)%

  • Income before tax

    8.4

    10.3

    (18.0)%

  • Net income attributable to equity holders

    8.5

    9.9

    (13.9)%

  • Average Equity

    154.9

    162.2

  • ROE - Return on equity

    5.5%

    6.1%

  • Gross ROE

    7.5%

    8.3%

  • Investment service fees (1)

    20187.9

    20177.0

    Variation(5.9%)%

  • Net gains value through profit or loss

    201811.6

    201713.5

    Variation(14.3)%

  • Net revenues

    201818.6

    201721.0

    Variation(11.3)%

  • Payroll costs

    2018(6.1)

    2017(7.3)

    Variation(15.9)%

  • Occupancy costs

    2018(0.9)

    2017(0.8)

    Variation6.5%

  • Other expense

    2018(3.1)

    2017(2.6)

    Variation20.5%

  • Other taxes

    2018(0.1)

    2017(0.0)

    Variation0.0%

  • Total costs

    2018(10.2)

    2017(10.7)

    Variation(4.8)%

  • Income before tax

    20188.4

    201710.3

    Variation(18.0)%

  • Net income attributable to equity holders

    20188.5

    20179.9

    Variation(13.9)%

  • Average Equity

    2018154.9

    2017162.2

    Variation%

  • ROE - Return on equity

    20185.5

    20176.1

    Variation%

  • Gross ROE

    20187.5

    20178.3

    Variation%

(1) Investment Services Fees relate to the services that the Group’s management companies bill to Quartys Limited and ABCA Funds Ireland Plc.

(2) Datas have been prepared in accordance with the International Financial Reporting Standards (IFRS). The new IFRS 15 norm no longer allows for the recognition of performance fees that have not been definitively acquired. In the first half of 2018 this represented €1.6 million of unrecognized fees compared to €2.1 million in the first half of 2017. All of the amounts in the table are presented under IFRS 15 and therefore directly comparable.

News release about Annual results

The Board of Directors of ABC arbitrage, led by the Chairman, Dominique Ceolin, met on March 21, 2019 to approve the consolidated financial statements for 2018. Financial highlights for the year were as follows:  2019-ABCA-CP-Resultats-2018-VA