Aker ASA ( (AKAAF) ) has released its Q3 earnings. Here is a breakdown of the information Aker ASA presented to its investors.
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Aker ASA is a Norwegian industrial investment company engaged in oil, gas, maritime assets, and renewable energy sectors, focusing on value creation through active ownership and strategic investments.
In the third quarter of 2024, Aker ASA reported a streamlined investment portfolio and increased dividends despite a decrease in Net Asset Value due to lower oil prices. The company announced an additional cash dividend of NOK 35.50 per share and introduced a new dividend policy of 4-6% of NAV annually.
Key highlights include a significant increase in dividends received from investments, such as a NOK 3.1 billion dividend from Aker BioMarine, and strategic portfolio adjustments, including the sale of Aker Carbon Capture’s 80% stake and SalMar Aker Ocean’s promising fish farming operations. Aker Solutions also announced a substantial dividend proposal, contributing to Aker’s cash flow and investment strategy.
Despite a decline in Net Asset Value to NOK 57.0 billion, primarily due to a drop in oil prices, Aker maintains a strong focus on industrial growth and value creation. The company remains committed to its strategic priorities, aiming for an annual NAV growth of at least 10% while leveraging its industrial network and transactional capabilities.
Looking forward, Aker ASA remains focused on sustainable growth and technological advancement, positioning itself for long-term success and continued contribution to its industries and communities.
