Aker ASA: Second-Quarter and Half-Year Results 2024 - NAV of NOK 63.9 billion after dividends paid
During the first half of 2024, Aker paid a dividend of
"The first half of 2024 was marked by high activity across the Aker portfolio, and we continued to progress on our strategy and took actions to further focus and streamline our portfolio. We announced several important transactions and strategic partnerships during the period, demonstrating our more focused approach in creating shareholder value, as previously announced," said Øyvind Eriksen, President & CEO of
Some of the main developments in the period included the completion of the refinancing of Solstad and establishment of Solstad Maritime, crystallizing value through the formation of a global carbon capture player in a JV between Aker Carbon Capture and SLB and realizing value through the agreement to sell Philly Shipyard to Hanwha, with expected closing in the fourth quarter.
Furthermore, Aker BP delivered solid production in the first half and increased its production guidance, Cognite continued to accelerate its positive commercial development with annual recurring revenue (ARR) and monthly active users reaching record-highs and Aker Solutions posted improved financial results for the period.
After quarter-end, Aker BioMarine announced the agreement to sell its ownership position in the Feed Ingredients business to
"We will continue our focused approach moving forward, devoting more time and resources to larger portfolio companies where Aker's industrial ecosystem can make a difference in driving shareholder value. When allocating capital, we are prioritizing cash-yielding investments that contribute meaningfully to our objective of increased and diversified upstream cash," said Eriksen.
Key financials – second quarter 2024
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*incl. undrawn credit facilities
For further information or questions following the presentation, please email the relevant contact below. The quarterly presentation and material are available at www.akerasa.com and www.newsweb.no
Media contact
Tel: +47 90 78 48 78
E-mail: atle.kigen@akerasa.com
Investor contact
Tel: +47 45 03 20 90
E-mail: fredrik.berge@akerasa.com
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
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