Fintech PR
Aker ASA: Half-Year and Second Quarter Results 2023 – Net Asset Value of NOK 57.2 billion
OSLO, Norway, July 18, 2023 /PRNewswire/ — The Net Asset Value (“NAV”) of Aker ASA and holding companies (“Aker”) was NOK 57.2 billion at the end of the second quarter 2023, down NOK 2.5 billion from NOK 59.7 billion at the end of the first quarter, of which NOK 1.1 billion was dividends paid. While the Net Asset Value (NAV) was down 2.3 percent, adjusted for dividends paid, most of the Aker portfolio experienced strong operational performance during the second quarter and continues to pursue global megatrends.
The per-share NAV amounted to NOK 770 at the end of the quarter. This compares to NOK 803 at the end of the first quarter and NOK 900 at the end of the fourth quarter 2022, prior to the allocation of dividends. During the first half of 2023, Aker paid a dividend of NOK 15.0 per share based on the 2022 annual accounts. This represented a total dividend distribution of NOK 1.1 billion to shareholders.
The Aker share decreased by 7.2 percent, adjusted for dividend, in the second quarter to NOK 608.50. During the same period, the Brent oil price decreased 5.0 percent and the Oslo Stock Exchange’s benchmark index (“OSEBX”) increased 1.7 percent. For the first half of the year, the Aker share decreased by 13.3 percent, adjusted for dividend, while the Brent oil price decreased 12.7 percent and the OSEBX increased 2.1 percent.
Aker’s liquidity reserve, including undrawn credit facilities, stood at NOK 6.3 billion at the end of the second quarter, and cash amounted to NOK 876 million. The value-adjusted equity ratio was 86 percent, compared to 87 percent at the end of the first quarter 2023.
“While our share price and Net Asset Value experienced a decline during the period, neither market uncertainties nor energy price headwinds stopped Aker’s portfolio companies from experiencing one of the strongest operational quarters on record,” said Øyvind Eriksen, President and CEO of Aker ASA.
The value of Aker’s Industrial Holdings portfolio was NOK 54.1 billion at the end of the second quarter, compared to NOK 56.0 billion at the end of the first quarter. The value change was NOK 1.9 billion, of which NOK 1.0 billion was dividends received and the rest was mainly explained by a value reduction in Aker Horizons. The value of Aker’s Financial Investments portfolio stood at NOK 12.2 billion, compared to NOK 12.6 billion at the end of the first quarter 2023.
“The current situation in our renewables portfolio mirrors the same structural issues in large parts of the world. We are seeing valuations impacted by external factors, including declining energy prices, inflation concerns, and supply chain constraints, among others. While it does not change Aker’s strategic direction, it does impact the ambition level, capital allocation, and pace of development and deployment. Along the way, I am encouraged to see the `bread and butter’ of our portfolio performing well, including Aker BP, which recorded record high production in the second quarter, and Aker Solutions, with a robust order intake and revenue projections. I am confident in Aker’s strong portfolio composition, powered by evolving trends and robust long-term trajectories, like energy security, decarbonization, industrial software and AI, and protein and nutrition,” said Eriksen.
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
ENDS
Media contact
Atle Kigen, Head of Media Relations and Public Affairs Aker ASA
Tel: +47 90 78 48 78
E-mail: [email protected]
Investor contact
Fredrik Berge, Head of Investor Relations Aker ASA
Tel: +47 45 03 20 90
E-mail: [email protected]
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 stock exchange announcement was published by Laila Hop, Paralegal, Aker ASA, on July 18, 2023, at 07:00 CEST.
The following files are available for download:
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https://mb.cision.com/Public/18835/3805564/b6e0209c32d1a1bf.pdf |
Aker ASA Q2 and half-year 2023 Presentation |
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https://mb.cision.com/Public/18835/3805564/9c4ac26b2a272ae2.pdf |
Aker ASA Q2 and half-year 2023 Report |
View original content:https://www.prnewswire.co.uk/news-releases/aker-asa-half-year-and-second-quarter-results-2023–net-asset-value-of-nok-57-2-billion-301879309.html
TIANJIN, China, Dec. 24, 2024 /PRNewswire/ — On December 7, 2024, AIMA Technology Group warmly invited a delegation of five top-performing U.S. IBD dealers to visit its headquarters. Accompanying the group was Angela Zheng, CEO of AIMA’s U.S. subsidiary, AIMA EBIKE, along with her sales, marketing, and customer service teams. This visit not only marked a deepened connection between AIMA and the mainstream U.S. market but also provided U.S. dealers with a valuable opportunity to witness AIMA Technology’s globally leading capabilities in research, development, and manufacturing of electric mobility solutions.
The delegation first toured AIMA’s state-of-the-art factory in Tianjin. Aima Technology possesses production factories with extremely high levels of intelligent manufacturing Additionally, AIMA has integrated advanced technologies such as AI visual recognition and established a CNAS-certified R&D laboratory, maintaining its industry leadership in intelligent transformation. During the tour, the dealers were deeply impressed by AIMA’s cutting-edge technology, large-scale production capabilities, and relentless pursuit of excellence in product development and manufacturing. They expressed that this rare visit not only enhanced their understanding of AIMA but also strengthened their confidence in promoting AIMA products as a symbol of outstanding performance and exceptional quality to their customers.
Furthermore, AIMA Technology’s R&D team engaged in in-depth discussions with the dealers regarding the new models AIMA EBIKE plans to launch in 2025. The dealers test-rode prototypes of the latest models and shared their innovative insights. They expressed high praise for AIMA’s product innovation capabilities and market acumen, recognizing these as key factors that distinguish AIMA in the industry.
Later, the dealers joined AIMA Technology’s team to witness the rollout of the 10,000th AIMA E-Bike. This milestone moment showcased AIMA’s exceptional manufacturing strength and market influence. The dealers were inspired and expressed strong confidence in the promising future of their partnership with AIMA.
This visit from the top-tier U.S. dealer delegation not only deepened mutual trust and friendship but also injected new momentum into AIMA’s ambition to become a leader in the U.S. E-Bike industry by focusing on the IBD channel. Looking ahead, AIMA Technology will continue to strive to provide market-leading performance and quality, enhancing its product development and manufacturing capabilities while working hand-in-hand with global dealers to create an even brighter future.
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View original content:https://www.prnewswire.co.uk/news-releases/aima-technology-welcomes-top-us-dealers-to-shape-the-future-together-302338745.html
HAMILTON, Bermuda, Dec. 19, 2024 /PRNewswire/ — FXGiants has recently launched a series of exciting bonuses. Participants on the FXGiants‘ online trading platform can now amplify their trading potential with a broad spectrum of bonuses that are tailored to fit different trading needs. These bonuses not only add extra value but also act as a safety net for traders to explore the financial markets without risking too much.
“Our goal with these deposit bonus options is to empower traders of all levels,” said Christopher Oates, the spokesperson for FXGiants. “Under this scheme, we have diverse categories, including Bonus Maximiser, Booster Bonus, and the Bonus Advantage. These bonuses are designed to provide flexibility to clients as they trade on the FXGiants online trading platform.”
Exploring the FXGiants Bonus Options
The bonus options at FXGiants come with versatile advantages. The Bonus Maximiser provides a full 100% boost on all deposits without limit, whereas the Booster Bonus offers a 40% bonus on all deposits up to $4,000 for traders who want to moderately enhance their capital. On the other hand, the Bonus Advantage provides a 60% bonus on deposits up to $5,000, giving traders a better handle on risk. These bonuses enhance the trading experience on the FXGiants online trading platform.
“At FXGiants, we are committed to a trading environment that meets the evolving needs of our clients,” Oates added. “Our online trading platform is a robust ecosystem designed to support traders with advanced execution, extensive market insights, and continuous improvements. As we move forward, we will keep expanding our offerings to ensure that traders have access to the best resources and support.”
About FXGiants
FXGiants stands out as an international broker providing access to over 300 financial instruments across 6 asset classes. Traders can operate through the popular MetaTrader 4 platform, and benefit from exceptional trading conditions such as competitive spreads, flexible leverage, and fast execution. With deposit boosters, partnership programs, an educational blog, and account types tailored to both novice and experienced traders, FXGiants remains dedicated to delivering a one-stop trading solution.
Terms & Conditions apply. Bonus cannot be withdrawn.
All trading involves risk. It is possible to lose all your capital.
FXGiants is a trade name of Notesco Int Limited; a company incorporated in Anguilla with registration number A000001800 and registered address The Valley, AI2640, Cosely Drive, 1338, AI.
Website: https://www.fxgiants.com/
View original content:https://www.prnewswire.co.uk/news-releases/fxgiants-online-trading-platform-launches-bonus-initiative-to-reward-traders-302338463.html
BEIJING, Dec. 23, 2024 /PRNewswire/ — Cheung Kong Graduate School of Business (CKGSB) successfully hosted the Western China MBA Professor Training Program in collaboration with the China National MBA Education Supervisory Committee and Shantou University School of Business on December 17 and 18, 2024. 58 professors from over 40 universities in China nationwide, mostly western China, attended this training.
Since 2007, CKGSB has been aspiring to address the pressing disparities in management education between eastern and western China with its MBA professor training program. As of 2024, the program has trained 372 professors from 155 universities across 22 provinces, 4 autonomous regions, 3 direct-administered municipality in China, indirectly impacting tens of thousands of MBA students.
This year, the training focused on social innovation and business for good, a topic many participating professors found lacking in their day-to-day teaching and research. Professor ZHU Rui (Juliet), CKGSB Professor of Marketing and Director of the ESG and Social Innovation Center, led the training. She introduced how CKGSB has been innovating with the integration of business for good in management education, and how our relevant practice-based course has already helped 2,800+ students integrate ESG into their businesses. Professor Zhu also hosted an interactive workshop with the training’s participants on how they may build this idea into their teaching.
Participants shared in their post-program survey that Professor Zhu’s teaching and her ESG Assessment map gave them a new perspective on how to balance profits and social responsibilities. Many also felt inspired on how to bridge the gap between research and practice.
Recognized in CKGSB’s 2022 and 2024 ESG and Social Innovation Reports and honored as a finalist for the 2021 China Social Impact Award by the United Nations and British Chamber of Commerce, this program exemplifies CKGSB’s impact in this critical area. Through partnerships with the government, NGOs, and business schools, this initiative has made significant progress in promoting quality education and reducing inequalities.
For more information on CKGSB’s ESG and social innovation efforts, visit our ESG and social innovation website.
About CKGSB
Established in Beijing in November 2002, CKGSB is China’s first privately-funded and research-driven business school. The school aims to cultivate transformative business leaders with a global vision, sense of social responsibility, innovative mindset, and ability to lead with empathy and compassion (https://english.ckgsb.edu.cn).
View original content:https://www.prnewswire.co.uk/news-releases/ckgsb-successfully-hosts-2024-mba-professor-training-program-for-western-china-302338458.html
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