Aker ASA Declares Strong NAV and Proposes Increased Dividends

Author: Logan Wright Updated: 02-14-2025 01:39 AM

Aker ASA Reports Fourth Quarter and Annual Results for 2024

The Net Asset Value (NAV) of Aker ASA and its holding companies reached an impressive NOK 58.2 billion by the end of the fourth quarter of 2024. This marks an increase from NOK 57.0 billion recorded at the end of Q3. Aker distributed a substantial cash dividend totaling NOK 2.6 billion during this period.

Proposed Dividend Continues Strong Trend

Aker’s Board of Directors has put forth a recommendation for a cash dividend of NOK 26.50 per share for the fiscal year 2024. This proposal maintains the company’s tradition of rewarding shareholders and aligns with past practices of potentially approving an additional dividend later in the year.

Strong Portfolio Performance in 2024

“2024 was a dynamic year for our portfolio companies,” commented Øyvind Eriksen, President and CEO of Aker ASA. He noted that the strong management and execution of projects resulted in over NOK 32 billion in dividend distributions from Aker’s portfolio companies to its shareholders. This active focus highlights Aker's commitment to streamline its portfolio for enhanced cash flow in the upstream sector.

Financial Highlights of Aker ASA

Key financial metrics for the fourth quarter of 2024 included:

Gross Asset Value (GAV): NOK 65.4 billion
Industrial Holdings: NOK 53.7 billion
Financial Investments: NOK 11.7 billion
NAV: NOK 58.2 billion
NAV per Share: NOK 783
Share Price: NOK 549
Dividend Paid: NOK 35.50 (NOK 2.6 billion)
Liquidity: NOK 8.4 billion including NOK 0.7 billion in cash and liquid funds

Aker paid an impressive total dividend of NOK 51 per share in 2024, which was based on its annual accounts for 2023. This resulted in a total distribution of NOK 3.8 billion to shareholders.

CEO's Take on Current Market Trends

As the company moves into 2025, Eriksen acknowledged the complexities posed by a volatile macroeconomic environment characterized by various uncertainties. However, he expressed confidence in the core segments of Aker's portfolio, noting their resilience. Aker is strategically positioned to capitalize on new opportunities by leveraging its strengths, forming lasting partnerships with global leaders, and maintaining financial robustness.

Company Contact Information

Media Contact:
Atle Kigen, Head of Media Relations, Aker ASA
Tel: +47 90 78 48 78

Investor Contact:
Svein Oskar Stoknes, Chief Financial Officer, Aker ASA
Tel: +47 94 80 46 43

Frequently Asked Questions

What is the current NAV of Aker ASA?

The current NAV of Aker ASA stands at NOK 58.2 billion as of the end of Q4 2024.

How much dividends has Aker ASA proposed for 2024?

The Board of Aker ASA has proposed a cash dividend of NOK 26.50 per share.

What was the total dividend payout for 2024?

A total dividend payout of NOK 3.8 billion was distributed to shareholders in 2024.

Who is the CEO of Aker ASA and what are his insights for 2025?

The CEO of Aker ASA is Øyvind Eriksen, who has expressed confidence in navigating market complexities and leveraging growth opportunities.

How does Aker ASA's GAV compare to its NAV?

The GAV of Aker ASA is NOK 65.4 billion, compared to a NAV of NOK 58.2 billion, indicating a strong asset position for the company.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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