Aker ASA: Fourth Quarter and Preliminary Annual Results 2023 - NAV of NOK 64.3 billion excl. dividends paid - Cash dividend of NOK 15.50 per share proposed
Aker experienced strong operations and high activity across the portfolio in the fourth quarter. Despite ongoing macroeconomic challenges and a complex geopolitical landscape, continued progress was made across several key metrics. Aker delivered positive value to shareholders through both share price increase and dividends. A key strategic objective for Aker is to further strengthen and diversify upstream dividends. This work yielded results in 2023 as upstream dividends amounted to
"Aker BP continues to be an important source of liquidity for Aker, providing valuable upstream dividends. The company's contribution to
Key financials – fourth quarter 2023:
- NAV:
NOK 63.2 billion , orNOK 64.3 billion before dividends paid - NAV per-share: NOK 851
- GAV:
NOK 72 .1bn - Share price:
NOK 666.00 , an increase of +3.3% in the quarter incl. dividend, compared to OSEBX increase of +1.2% and Brent oil price decrease of -16% in the same period - Dividends:
NOK 1.1 billion paid in Q4 2023 (NOK 15.00 per share), bringing total dividend distribution in 2023 toNOK 2.2 billion (NOK 30.00 per share) - Liquidity reserve:
NOK 6.3bn , incl.NOK 0.8bn of cash and undrawn credit facilities - Value-adjusted equity ratio: 88%
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Industrial Holdings portfolio:NOK 60 .2bn - Financial Investments portfolio:
NOK 11.9bn . This was down fromNOK 12.9bn at Q3 2023, mainly driven by an impairment of theUSD 97 million earn-out related to the sale of Pecan Energies inApril 2023
Several developments took place in Aker's portfolio during the fourth quarter. Aker continued further deepening its long-term collaboration with SLB, as Aker Solutions closed its transformational OneSubsea-transaction. Aker Solutions also proposed to double its dividend from the previous year to
A crucial milestone was concluded for Solstad after quarter-end when the refinancing was completed. "Together with Solstad, we have created value for all stakeholders involved. All original lenders have been repaid in full and close to 13,000 shareholders have, from the announcement on
Based on the company's financial position, Aker's Board of Directors proposes to pay a cash dividend of
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.
This
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www.ssb.no/virksomheter-foretak-og-regnskap/skatt-for-naeringsvirksomhet/statistikk/skatt-for-selskaper/artikler/rekord-for-selskapsskatten-i-2022
2) The category 'non-offshore' related companies (Norwegian: landbasert virksomhet) exclude electric power producers and financial companies
The following files are available for download:
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https://mb.cision.com/Public/18835/3931531/928eae30716abe75.pdf |
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