Aker ASA: Fourth quarter and preliminary annual results 2020

Aker ASA: Fourth quarter and preliminary annual results 2020 - Net Asset Value of NOK 53.4 billion


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OSLO, Norway, Feb. 17, 2021 /PRNewswire/ --
The Net Asset Value ("NAV") for Aker ASA and holding companies ("Aker") ended at NOK 53.4 billion in the fourth quarter of 2020, a record increase of NOK 22.4 billion (75 per cent), dividend adjusted, from the third quarter. For 2020, the NAV increased 10 per cent, dividend adjusted, from year-end 2019.
The Aker share price, adjusted for dividend, increased 42 per cent in the quarter, outperforming the Oslo Stock Exchange benchmark index at 14 per cent. For the full year, the Aker share increased 7.4 per cent, including dividend paid, compared to a 4.6 per cent increase for the benchmark index.
"As proven in the last few months, the ability to continuously adapt is in Aker's DNA. We have made a step change in our portfolio - diversifying and claiming a position in renewable energy and green technology and increasingly allocating more resources and capital to digitalization and industrial software. We are now looking at a solid and prosperous industrial foundation - which resulted is the largest quarterly value increase ever recorded," says Øyvind Eriksen, President and CEO at Aker ASA.

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