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Aker ASA (AKAAF)
:AKAAF
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Earnings Data
Report Date
Feb 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -0.43%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Positive
The earnings call highlights significant achievements in dividend distribution and operational performance across key investments. However, challenges such as the decrease in net asset value and share price due to external market conditions were also noted. On balance, the positive aspects, particularly the increased dividend policy and strong cash generation, slightly outweigh the negatives.Company Guidance
During Aker's Q3 2024 earnings call, the company outlined its strategic priorities and financial performance metrics. Aker announced a proposed additional cash dividend of NOK 35.5 per share, bringing the total dividend for the year to NOK 51 per share, amounting to NOK 3.8 billion. This reflects an increase in the dividend policy to 4-6% of net asset value annually. Despite a decrease in net asset value to NOK 57 billion from NOK 63.9 billion last quarter, Aker maintained a value-adjusted equity ratio of 86%. The company's gross asset value stood at NOK 66.2 billion, with 70% in listed assets and cash. Aker BP, a cornerstone of Aker's portfolio, showcased a 95% production efficiency and low production costs at the Johan Sverdrup field, contributing significantly to the company's strong operational performance. Overall, Aker's focus on a streamlined, dividend-generating portfolio has led to an estimated upstream cash flow of over NOK 11 billion for the year, a notable increase from previous years.Increased Dividend Policy
Aker announced an increase in its dividend policy from 2%-4% to 4%-6% of net asset value annually, aiming for a 10% annual growth in net asset value.
Strong Cash Generation
Despite a decrease in net asset value, Aker is distributing NOK 3.8 billion or NOK 51 per share in cash dividend to shareholders in 2024.
Aker BioMarine's Extraordinary Dividend
Aker BioMarine distributed an extraordinary dividend of NOK 3.9 billion following a transaction with American Industrial Partners.
Aker Solutions' NOK 10 Billion Dividend
Aker Solutions proposed NOK 10 billion in extraordinary dividends after receiving proceeds from the OneSubsea JV transaction.
Improved Aker BP Performance
Aker BP showed strong operational performance with improved production efficiency and lower costs, contributing significantly to Aker's portfolio.
Cognite Revenue Growth
Cognite's revenue increased by 23% year-over-year, and its annual recurring revenue reached USD 92 million, up 44% from the previous year.
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AKAAF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AKAAF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $51.42 | $51.22 | -0.39% |
| Jul 17, 2024 | $59.18 | $60.16 | +1.66% |
| May 08, 2024 | $57.31 | $56.84 | -0.82% |
| Feb 20, 2024 | $57.89 | $57.03 | -1.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Aker ASA (AKAAF) report earnings?
Aker ASA (AKAAF) is schdueled to report earning on Feb 14, 2025, TBA Not Confirmed.
What is Aker ASA (AKAAF) earnings time?
Aker ASA (AKAAF) earnings time is at Feb 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AKAAF EPS forecast?
Currently, no data Available
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