Alternative asset management company ABC Arbitrage says it benefited last year from volatility above its historical average, a market parameter favorable to its activities.

In 2022, ABC Arbitrage posted net income, group share of 29.2 million euros, up from 28 million euros the previous year.

Income from ordinary activities nevertheless fell to 61.2 million euros, compared with 64.1 million euros in 2021.

The Group says it expects to pay a final dividend of 0.11 euros per share, giving a total payout of 0.41 euros for the 2022 financial year, i.e. a payout ratio of 83%.

ABC also presented its new three-year strategic plan, Springboard 2025, which aims to generate cumulative net income of over 100 million euros over three years, with an annual ROE of over 15%.

At the end of its 'ABC 2022' plan for the years 2020, 2021 and 2022, the company had generated 92 million euros in cumulative net profit over three years, with annual ROEs significantly above the 15% threshold.

Despite the tremors that have recently shaken the markets, ABC Arbitrage reports that the Group's pace of activity in the first quarter of 2023 is, as in 2022, below that of 2021 due to low volatility.

On the stock market, ABC Arbitrage shares were little changed (+0.3%) following this publication, while the small-cap index rose by 1.4%.

Since the beginning of the year, the stock has lost 3%, with a market capitalization of 370 million euros.

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