Aker ASA: Second Quarter and Half-Year Results 2021 - Record

Aker ASA: Second Quarter and Half-Year Results 2021 - Record-High Net Asset Value of NOK 66.9 billion


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OSLO, Norway, July 16, 2021 /PRNewswire/ --
The Net Asset Value (NAV) of Aker ASA and holding companies ("Aker") increased by NOK 5.6 billion in the second quarter 2021, including dividend paid. At the end of the second quarter, the NAV was NOK 66.9 billion, the highest NAV on record for the company. For the first half of the year, the NAV increased by NOK 14.4 billion, or 27 per cent, adjusted for dividend.
"Brent oil price and E&P stocks have seen a sharp rebound in the first half of the year, while it has been a more volatile period for 'green shares'. However, Aker's success in the energy transition is not measured by today's harvest, but by the seeds planted," said Øyvind Eriksen, President and CEO of Aker ASA. "Our priority is to continue to utilize our extensive industrial track record and learnings to withstand turbulent times. This means ensuring that our portfolio companies have robust capital structures and liquidity reserves, building solid and competent organizations, and maintaining the overall ability to seize value accretive investment opportunities when they arise."

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