Aker ASA

AKER

Equity

ISIN NO0010234552 / Valor 1942446

Oslo Stock Exchange (2024-12-23)

NOK 540.00+0.75%

Aker ASA
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About company

Aker ASA is a holding company with a diverse portfolio of companies in the renewable energy, green technologies, and oil and gas sectors, focusing on long-term value creation. Aker Horizons, a subsidiary of Aker ASA, plays an active role in developing and operating in the renewable energy and green technology segments. Aker BP, a merged company with Lundin Energy's E&P business, is committed to leading the way in low-cost, low-carbon, profitable growth, and digitalization. Additionally, Aker, in collaboration with the World Economic Forum, has established HUB Ocean to drive sustainable and profitable innovation in the ocean economy. The company also aims to become a global leader in offshore aquaculture by leveraging its expertise in salmon farming, offshore installations, industrial software, and environmental technology.

Summarized from source with an LLMView SourceSector: Finance

Net Asset Value

Aker ASA reported a Net Asset Value (NAV) of NOK 63.9 billion at the end of the second quarter of 2024. This represents an increase from NOK 60.4 billion in the previous quarter, even after accounting for dividends paid. The share price at the end of the quarter was NOK 615, reflecting a 1.1 percent increase when dividends are added back.

Dividend Distribution

During the second quarter of 2024, Aker ASA paid a dividend of NOK 15.50 per share. This dividend distribution amounted to a total of NOK 1.2 billion, benefiting Aker’s shareholders. The company continues to prioritize shareholder returns through consistent dividend payments.

Extraordinary Dividend from Aker BioMarine

Aker BioMarine, a subsidiary of Aker ASA, plans to pay an extraordinary dividend of NOK 35-45 per share, which is valued at NOK 2.4-3.1 billion to Aker. This move is part of Aker’s strategy to participate in further value creation within Feed Ingredients, while reducing its ownership from 78 percent to 40 percent.

Akastor's Financial Gains

Akastor, another entity within Aker ASA, received a total of USD 176 million (NOK 1.9 billion) including interest from the DRU arbitration settlement. This financial gain has allowed Akastor to repay debt, become cash positive, and potentially pave the way for future shareholder distributions.

Cognite's Revenue Growth

Cognite, a company under Aker ASA, continued its positive commercial development in the second quarter of 2024. The company saw a significant increase in revenue, with Annual Recurring Revenue (ARR) reaching an all-time high, showing a 42 percent growth compared to the same quarter last year. ARR now constitutes around 75 percent of Cognite's revenue on a 12-month rolling basis.

Summarized from source with an LLMView Source

Key figures

-17.5%1Y

-34.1%3Y

0.93%5Y

Performance

20.7%1Y

27.6%3Y

37.2%5Y

Volatility