Aker ASA: Third Quarter Results 2023 - Net Asset Value of NOK 64.1 billion

Important strategic developments have taken place across the Aker portfolio in recent months, in-line with Aker's strategy and focus on long-term value creation. AMSC sold its entire Jones Act Fleet during the third quarter and paid a dividend of USD 170 million following the transaction, after quarter-end. Also, shortly after quarter-end, Aker Solutions closed the OneSubsea JV transaction, marking what is a historic milestone for the company. "OneSubsea will, in my view, be the most prosperous subsea company in the world, measured not only by the quality of its offerings but also its customer base and global reach with the largest installed base of subsea trees in the industry" said Eriksen.

Important strategic developments have taken place across the Aker portfolio in recent months, in-line with Aker's strategy and focus on long-term value creation. AMSC sold its entire Jones Act Fleet during the third quarter and paid a dividend of USD 170 million following the transaction, after quarter-end. Also, shortly after quarter-end, Aker Solutions closed the OneSubsea JV transaction, marking what is a historic milestone for the company. "OneSubsea will, in my view, be the most prosperous subsea company in the world, measured not only by the quality of its offerings but also its customer base and global reach with the largest installed base of subsea trees in the industry" said Eriksen.

Another significant milestone after quarter-end was Aker's agreement with Solstad Offshore, AMSC and Solstad's secured lenders for an overall refinancing of Solstad. "This will establish a robust industrial platform with significantly reduced financial risk, one of the most modern fleets of high-end vessels and a healthy balance sheet including NOK 4 billion of new equity. The company has a clear ambition to initiate quarterly dividend payments already in 2024, which will further strengthen and diversify upstream dividends in Aker," said Eriksen.

Financial highlights - third quarter 2023:

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
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 November 03, 2023, at 07:00 CET.

The following files are available for download:

 

View original content:https://www.prnewswire.co.uk/news-releases/aker-asa-third-quarter-results-2023--net-asset-value-of-nok-64-1-billion-301976825.html