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Italian Small Cap Financial Advisory - Team - Methorios Capital

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ABG Sundal Collier<br />

Company Name<br />

ABG Sundal<br />

Collier Holding<br />

Income Statement (€ Mln) Dec-08 Dec-09 ∆ % (2008-2009)<br />

Country<br />

NORWAY<br />

Sales 165 130 -21.2%<br />

Currency<br />

NOK<br />

Ebitda 43 35 -19%<br />

Market Price 8.6<br />

Ebit 41 32 -21%<br />

Net Income -12 26 315%<br />

Number of Outstanding Shares (Mln) 389<br />

Ebitda % Sales 26.3% 27%<br />

Market <strong>Cap</strong> (€ Mln) 427<br />

Ebit % Sales 24.7% 25%<br />

N.F.D. (€ Mln) -121<br />

Net Income % Sales -7.4% 20.2%<br />

Enterprise Value (€ Mln) 306<br />

Source: Bloomberg@ 30/12/2010<br />

Shareholders Balance Sheet (€ Mln) Dec-08 Dec-09 ∆ % (2008-2009)<br />

RASMUSSENGRUPPEN 15.30%<br />

Total Assets 357 279 -22%<br />

SANDEN AS 9.10%<br />

of which Net Fixed Assets 8 6 -22.7%<br />

CITIBANK NA 5.48%<br />

N.F.D. -69 -121 -74.0%<br />

AWILCO INVEST AS 2.73%<br />

Tot Equity 140 152 8%<br />

STOREBRAND LIVSFORSI 2.21%<br />

Source: Bloomberg 30/12/2010<br />

WINTERGREEN ADVISERS 1.61%<br />

SIX SIS AG 1.59%<br />

10.00<br />

6.5<br />

GOLDMAN SACHS & CO 1.58%<br />

9.00<br />

6.0<br />

5.5<br />

NORDEA FONDENE AS 1.33%<br />

8.00<br />

5.0<br />

Market 59.07%<br />

7.00<br />

4.5<br />

6.00<br />

4.0<br />

3.5<br />

5.00<br />

3.0<br />

400 4.00<br />

Management<br />

25 2.5<br />

3.00<br />

2.0<br />

Judith Lee Bollinger<br />

Jan Petter Collier<br />

Arild Abel Engh<br />

Tore Grottum<br />

Source: Bloomberg 30/12/2010<br />

Chairman<br />

Chief Executive Officer<br />

Head:Corp Finance<br />

Chief <strong>Financial</strong> Officer<br />

2.00<br />

1.00<br />

0.00<br />

Volume<br />

Price<br />

1.5<br />

1.0<br />

0.5<br />

0.0<br />

Source: Bloomberg 30/12/2010<br />

152

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