Aker (AKER)

TekBot · mai 4, 2022, 5:01am

Aker ASA: First quarter results 2022 - All time high Net Asset Value of NOK 74.7 billion

The Net Asset Value (“NAV”) of Aker ASA and holding companies (“Aker”) ended at
record high NOK 74.7 billion in the first quarter of 2022, a NOK 4.9 billion, or
7.1 per cent, increase from year-end 2021.
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The per-share NAV amounted to NOK 1,006 as per 31 March 2022, compared to NOK
939 as per 31 December 2021. The Aker share decreased 1.8 per cent, to NOK 810
in the first quarter, compared to a 5.0 per cent increase in the benchmark index
(“OSEBX”).

“Russia’s invasion of Ukraine and it’s ramifications are not limited to Eastern
Europe but has rattled the financial market and disrupted the global economy. It
has the potential to reverse decades of progress for globalization and growth.
Amid such a brutal and senseless conflict, where entire energy markets are being
recalibrated, the significance of a single company’s first quarter results
pales,” said Øyvind Eriksen, President and CEO of Aker ASA.

The value increase of Aker’s Industrial Holdings portfolio of NOK 3.9 billion in
the first quarter to NOK 71.5 billion was mainly due to value increase of Aker
BP and Aker Solutions. The value of Aker’s Financial Investments portfolio stood
at NOK 13.4 billion at the end of the first quarter, compared to NOK 12.5
billion as per 31 December 2021.

“Our portfolio companies continue to demonstrate their ability to adapt to
volatile market conditions and to drive growth. While uncertainty looms on many
fronts, our path forward is - as always - to both strengthen and utilize our
industrial fundament for responsible and sustainable value creation.” said
Eriksen. “Aker’s Net Asset Value increased by NOK 4.9 billion to NOK 74.7
billion, or a record NOK 1,006 per share. The increase is largely driven by
growth in the oil and gas segment, where Aker BP contributed with an increase of
NOK 7.9 billion in the quarter, excluding dividend. More than a single company’s
contribution to our results, however, I am encouraged by the general development
across our portfolio, which reflects the high activity and industrial
development taking place.”

Aker’s liquidity reserve, including undrawn credit facilities, stood at NOK 7.4
billion as per 31 March 2022. The value-adjusted equity ratio was 88 per cent,
slightly up from year-end 2021.

The full report and presentation are available at www.akerasa.com and
www.newsweb.no

-ENDS-

For more information, please contact:

Investors:

Joachim Bjørni, Head of Investor Relations, Aker ASA
Tel: +47 924 22 106
E-mail: joachim.bjorni@akerasa.com

Media:

Atle Kigen, Head of Media Relations and Public Affairs, Aker ASA
Tel: +47 907 84 878
E-mail: atle.kigen@akerasa.com

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

E24Bot · mai 4, 2022, 5:11am

Aker økte verdiene til rekordhøye 74,7 milliarder i første kvartal

E24Bot · mai 5, 2022, 4:39am

Aker-sjefen om EUs foreslåtte russiske oljestopp: – Risiko for ytterligere prispress

E24Bot · juni 16, 2022, 4:04pm

Røkkes plastmygg prises til 100 millioner

TekBot · juni 19, 2022, 3:00pm

Aker ASA: Cognite and Aramco complete the establishment of the announced joint venture in Saudi Arabia

Reference is made to the announcement on 21 December 2020 regarding the entering
into of a joint venture (“JV”) agreement between Cognite AS (“Cognite”), a
global industrial software company and majority-owned subsidiary of Aker ASA
…

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(“Aker”), and Saudi Aramco Development Company (“Aramco”), a subsidiary of The
Saudi Arabian Oil Company, to establish a JV focusing on industrial
digitalization and sustainability initiatives in the Kingdom of Saudi Arabia and
in the region. The completion of the agreement has now taken place and the JV
has been established.

Aramco and Cognite will hold 51 per cent and 49 per cent ownership in the JV,
respectively.

-ENDS-

For more information, please contact:

Investors:
Joachim Bjørni, Head of Investor Relations, Aker ASA
Tel: +47 924 22 106
E-mail: joachim.bjorni@akerasa.com

Media:
Atle Kigen, Head of Media Relations and Public Affairs, Aker ASA
Tel: +47 907 84 878
Email: atle.kigen@akerasa.com

Kilde

TekBot · juni 30, 2022, 4:46pm

Aker ASA: Aker BP completes the merger with Lundin Energy’s oil and gas activities in Norway

Reference is made to the stock exchange notice published by Aker ASA (“Aker”) on
21 December 2021 and the closing announcement published by Aker BP ASA (“Aker
BP”) today regarding the merger (the “Merger”) between Aker BP and Lundin Energy
…

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MergerCo AB (publ) (the “Target”), a newly established Swedish public limited
liability company wholly owned by Lundin Energy AB (publ) (“Lundin Energy”),
consisting of Lundin Energy’s Norwegian exploration and production business.

The merged company is the largest listed E&P company focused exclusively on the
Norwegian Continental Shelf (“NCS”). Aker, BP Exploration Operating Company Ltd
(“bp”) and Nemesia S.á.r.l (“Nemesia”) (Lundin family) are the three main
shareholders.

Aker will continue to be the largest shareholder in Aker BP with a 21.16 per
cent ownership, held through its wholly owned subsidiary Aker Capital AS, bp
will hold 15.87 per cent, Nemesia will hold 14.37 per cent and other
shareholders will hold 48.60 per cent. Aker, bp and Nemesia have undertaken a 6
-month lock-up on their Aker BP shares from closing.

The Merger of Aker BP and Lundin Energy unites two highly successful E&P
companies which have both been instrumental in the development of the NCS for
more than a decade.

“Through this merger we create the oil and gas company of the future. Aker BP is
positioned with industry leading low cost and low CO2 emissions. The company has
a target of net zero emissions by 2030 and is offering a reliable and secure
source of energy,” said Øyvind Eriksen, President and CEO of Aker, and Chairman
of Aker BP.

Aker BP is now the second largest operating company on the NCS after Equinor.
Aker BP will continue to be a global frontrunner in the digitalization of the
oil and gas industry.

“The shareholding in Aker BP is the most valuable asset in the Aker portfolio
and will continue to be a core part of our industrial holdings long-term,
providing valuable upstream capital which Aker will use to invest further in the
energy transition and other industries,” said Eriksen.

Bernard Looney, CEO of bp, commented: “We welcome this merger, which will
strengthen and significantly enhance the long-term future of Aker BP. The
combination of Aker BP and Lundin Energy’s Norwegian oil and gas business has
created a world-scale independent oil and gas company with a leading position in
very high-quality, resilient resources with best-in-class CO2 emissions
intensity. As investors in Aker BP, we are excited about the prospects for the
new enlarged company.”

Ian Lundin, outgoing Chairman of Lundin Energy, commented: “I believe that what
is being created by merging our great organisations is a company that is truly
unique in our industry. The new company is going to be a model for the
independent E&P of the future; growing production from a world class asset base,
coupled with low-cost operations and a carbon footprint which will be amongst
the lowest in the industry. My family and I are very much looking forward to the
next chapter of value creation from the combined business.”

-ENDS-

For more information, please contact:

Investors:

Joachim Bjørni, Head of Investor Relations, Aker ASA

Tel: +47 924 22 106

E-mail: joachim.bjorni@akerasa.com

Media:

Atle Kigen, Head of Media Relations and Public Affairs, Aker ASA

Tel: +47 907 84 878

Email: atle.kigen@akerasa.com

IMPORTANT NOTICE

This communication does not constitute an offer to sell or the solicitation or
invitation of any offer to buy, acquire or subscribe for, any securities or an
inducement to enter into investment activity, nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
any such jurisdiction.

This press release contains forward-looking statements. By their nature, forward
-looking statements involve known and unknown risks, uncertainties, assumptions
and other factors because they relate to events and depend on circumstances that
will occur in the future whether or not outside the control of each respective
company or the combined company. Such factors may cause actual results,
performance or developments to differ materially from those expressed or implied
by such forward-looking statements. Although managements of each respective
company believe that their expectations reflected in the forward-looking
statements are reasonable based on information currently available to them, no
assurance is given that such forward-looking statements will prove to have been
correct. You should not place undue reliance on forward-looking statements. They
speak only as at the date of this press release and neither Aker, Aker BP nor
Lundin Energy undertakes any obligation to update these forward-looking
statements.

The shares mentioned herein have not been and will not be registered under the
U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be
offered, sold or delivered within or into the United States, except pursuant to
an applicable exemption of, or in a transaction not subject to, the Securities
Act. There will be no public offering of securities in the United States.

Kilde

E24Bot · juli 12, 2022, 5:24am

Verdihopp for Røkkes grønne investeringsselskap

TekBot · august 3, 2022, 10:38am

Aker ASA: Invitation to Presentation of Second Quarter and Half-Year 2022 Results

Aker ASA will publish its financial results for the second quarter and half-year
of 2022 on Wednesday, August 17, 2022, at 07:00 CEST. The company will host a
webcast presentation of the results the same day at 09:00 CEST.
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Aker ASA Second Quarter and Half-Year 2022 webcast presentation:
Date: Wednesday, August 17, 2022
Time: 09:00 a.m. CEST
Format: Live webcast
Language: English
Link: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20220817_6

The Second Quarter and Half-Year 2022 report and presentation will be made
available at www.akerasa.com and www.newsweb.no.

-ENDS-

For more information, please contact:

Investors:
Joachim Bjørni, Head of Investor Relations, Aker ASA
Tel: +47 924 22 106
E-mail: joachim.bjorni@akerasa.com

Media:
Atle Kigen, Head of Media Relations and Public Affairs, Aker ASA
Tel: +47 907 84 878
E-mail: atle.kigen@akerasa.com

This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act.

Kilde

TekBot · august 17, 2022, 4:58am

Aker ASA: Assigned Investment Grade Rating

Scope Ratings has assigned an investment grade rating of BBB-/Stable to Aker
ASA. Scope has further assigned a first-time rating of BBB- to Aker’s senior
unsecured debt and an S-2 short-term rating.
…

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In the rating report Scope notes that the rating is driven by Aker’s low
leverage and its controlled cost coverage, balancing cash inflow and outflows,
in addition to that the liquidity of Aker’s assets further benefits the rating.

We see this rating as a recognition of Aker’s resilient financial performance
and as a means of strengthening our position in the credit markets going
forward.

The rating report from Scope Ratings is available at www.scoperatings.com.

-ENDS-

For more information, please contact:

Investors:
Joachim Bjørni, Head of Investor Relations, Aker ASA
Tel: +47 924 22 106
E-mail: joachim.bjorni@akerasa.com

Media:
Atle Kigen, Head of Media Relations and Public Affairs, Aker ASA
Tel: +47 907 84 878
E-mail: atle.kigen@akerasa.com

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 August 17,
2022, at 06:58 CEST.

Kilde

TekBot · august 17, 2022, 5:01am

Aker ASA: Half-Year and Second Quarter Results 2022 - Net Asset Value increase of NOK 2.2 billion in the first half of the year

The Net Asset Value (“NAV”) of Aker ASA and holding companies (“Aker”) increased
with NOK 2.2 billion, or 3.1 per cent, to NOK 72.0 billion in the first half of
the year, net of dividends paid in the period of NOK 1.1 billion. For the second
…

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quarter of 2022, the NAV decreased with NOK 2.8 billion, or 3.7 per cent,
compared to the first quarter of 2022, including NOK 1.1 billion in dividends
paid.

The per-share NAV amounted to NOK 968 as per 30 June 2022, compared to NOK 939
as per 31 December 2021. The Aker share decreased 6.6 per cent, dividend
adjusted to NOK 756 in the first half of the year, compared to a 2.6 per cent
decrease in the benchmark index (“OSEBX”). For the second quarter, the share
price decreased 4.9 per cent, dividend adjusted, compared to a 7.2 per cent
decrease in the reference index.

“The second quarter was marked by market fear from volatile macroeconomic and
geopolitical developments; however, our portfolio companies are showing
determination and resilience through uncertain times. While Aker’s share price
has not escaped the global sentiment, we are coupling our strong industrial
foundation with new technologies, ideas, and partnerships. Halfway through the
year, long-term efforts are bearing fruit and new shoots taking root,” said
Øyvind Eriksen, President and CEO of Aker ASA.

For the first half of the year, Aker’s Industrial Holdings portfolio increased
by NOK 2.6 billion to NOK 70.1 billion, mainly driven by value increase of Aker
BP. The value decrease of the Industrial Holdings portfolio of NOK 1.4 billion
in the second quarter was mainly due to value decrease of Aker Horizons, partly
offset by value increase of Aker BP and an additional investment in Aker
Solutions. The value of Aker’s Financial Investments portfolio stood at NOK 11.5
billion at the end of the second quarter.

“The world is facing an exponential increase in food consumption and energy
demand and the need to decarbonize energy systems is undeniable. However, while
the urgency has never been more stated, the issue remains incredibly nuanced as
the world will need enormous investments in new power generation projects, as
well as investments in oil and gas to meet global energy demand. This is why I
am a firm believer that innovative models of collaboration and digitalization is
more important than ever,” said Eriksen. “The energy transition is enormous,
complex, costly and take time. Together with our elected officials, we need to
rethink our supply chains to better support the shift towards greener energy
production. Moreover, we need to deploy digital technologies and software
solutions that will help reduce cost and time it takes to reach scale. At Aker,
our strategy is pinned on this increasingly clear - though complex -
macroeconomic picture. Together with our portfolio companies we will claim a
front seat in the race to meet global energy demand in the most technologically
advanced, sustainable, and collaborative manner.”

Aker’s liquidity reserve, including undrawn credit facilities, stood at NOK 6.6
billion as per 30 June 2022. The value-adjusted equity ratio was 88 per cent,
slightly up from year-end 2021.

The full report and presentation are available at www.akerasa.com and
www.newsweb.no

-ENDS-

For more information, please contact:

Investors:

Joachim Bjørni, Head of Investor Relations, Aker ASA
Tel: +47 924 22 106
E-mail: joachim.bjorni@akerasa.com

Media:

Atle Kigen, Head of Media Relations and Public Affairs, Aker ASA
Tel: +47 907 84 878
E-mail: atle.kigen@akerasa.com

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 August 17,
2022, at 07:00 CEST.

Kilde

E24Bot · august 17, 2022, 5:15am

Akers verdier falt til 72 milliarder i andre kvartal

TekBot · august 30, 2022, 5:01am

Aker ASA and Schlumberger Deepening Long-Term Collaboration

Fornebu - August 30, 2022 - Aker ASA (“Aker”) announced today a deepening of its
long-term collaboration with Schlumberger. The companies will leverage
complementary capabilities to strengthen their joint commitment to innovation,
…

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including within subsea and by exploring opportunities for digitalization and
decarbonization technologies.

Reference is made to Aker Solutions ASA’s (“Aker Solutions”) announcement
regarding the formation of a joint venture with Schlumberger and Subsea 7 to
drive innovation and efficiency in subsea production by helping customers unlock
reserves, lower development costs, and reduce time to first oil. The agreement
will combine a portfolio of innovative technologies, such as all-electric subsea
production systems that help customers meet their decarbonization goals.

The proposed joint venture will combine Schlumberger and Aker Solutions’ subsea
businesses, bringing together deep reservoir domain and engineering design
expertise, an extensive field-proven subsea production and processing technology
portfolio, world-class manufacturing scale and capabilities, and a comprehensive
suite of life-of-field solutions to customers all over the world. Subsea 7 will
be an equity partner in the new joint venture.

“We are very pleased to be strengthening our collaboration with Schlumberger.
Aker Solutions, Schlumberger and Subsea 7 are complementary businesses, both in
terms of products and services, as well as customers and geographical presence.
Furthermore, Schlumberger shares our commitment to innovation, such as deploying
digital solutions and decarbonization technologies,” said Øyvind Eriksen,
President and Chief Executive Officer of Aker ASA.

“This joint venture will bring together world-class businesses that are uniquely
positioned to provide subsea technologies to help our customers improve recovery
and reduce overall subsea development costs,” said Schlumberger CEO Olivier Le
Peuch. “Customers will benefit from enhanced services that leverage digital and
technology innovation to drive improved performance while increasing energy
efficiency and reducing CO2?emissions.”

Following the transaction, Schlumberger will own 70% of the joint venture, with
Aker Solutions owning 20%, and Subsea 7 owning 10%. In addition to the
shareholding in the JV, the transactions include a settlement of USD 700
million, of which USD 306.5 million is settled in Schlumberger shares, USD 306.5
million in cash from Subsea 7, and a vendor note from the joint venture to Aker
Solutions of USD 87.5 million. The transaction is subject to regulatory
approvals and other customary closing conditions and is expected to close during
second half 2023. In addition to the value of the transactions, Aker Solutions
will retain the cash generation from the Subsea business until closing,
estimated at around USD 300 million. This estimate includes cash generation for
the seven quarters from second quarter of 2022 until end of 2023.

“The transaction means Aker Solutions can both unlock value creation and free up
capital for greater investment capacity. This allows it to accelerate its
transformation and create a world-class digitally powered engineering and
project execution company, enabled by Cognite’s data platform and Aize’s
software applications. I am confident that this makes Aker Solutions more
competitive for opportunities both in ensuring energy security through its oil
and gas business, as well as in the energy transition and renewables,” said
Eriksen.

For more information about the transaction structure and terms, please refer to
Aker Solutions’ announcement available at www.akersolutions.com.

-END-

For questions, please contact:

Torbjørn Andersen, Vice President of External Communications, Aker Solutions
Tel: +47 928 85 542
torbjorn.andersen@akersolutions.com

Josh Byerly - Vice President of Communications, Schlumberger
Moira Duff - Director of External Communication, Schlumberger
Tel: +1 (713) 375-3407 (http://tel:+1%20713%20375%203407)
media@slb.com

Julie Taylor, Head of Group Communications, Subsea 7
Tel +44 1224 526270
julie.taylor@subsea7.com

Atle Kigen, Head of Media Relations and Public Affairs, Aker ASA
Tel: +47 907 84 878
Email: atle.kigen@akerasa.com

Investors

Fredrik Berge - Vice President of Investor Relations, Aker Solutions
Tel: +47 450 32 090
fredrik.berge@akersolutions.com

Ndubuisi Maduemezia - Vice President of Investor Relations, Schlumberger
Joy V. Domingo - Director of Investor Relations, Schlumberger
Tel: +1 (713) 375-3535 (http://tel:+1%20713%20375%203535)
investor-relations@slb.com

Katherine Tonks - Investor Relations Director, Subsea 7
Tel: +44 20 8210 5568
katherine.tonks@subsea7.com

Christina Chappell Schartum, Head of Communications and Investor Relations, Aker
ASA
Tel: +47 905 32 774
Email: christina.glenn@akerasa.com

This information is considered to include inside information pursuant to the EU
Market Abuse Regulation article 7 and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock
exchange announcement was published by Laila Hop, Paralegal, Aker ASA, on August
30, 2022, at 07:00 CEST.

Kilde

E24Bot · august 30, 2022, 5:07am

Aker Solutions og Schlumberger slår sammen subsea-avdelingene

anon6994212 · september 5, 2022, 11:29am

Hoppet ut av Lundin (orro’n) i dag på 22% En får ta med seg det en kan i disse tider.

E24Bot · september 14, 2022, 8:48am

Aker-sjefen om Røkke-exit: – Trist for Norge at eiere som han forlater landet

E24Bot · september 14, 2022, 10:42am

Aker-sjefen tror flere eiere vil følge Røkke ut: – Vi har for få som satser på norsk industri

TekBot · september 20, 2022, 7:46am

Aker ASA - Contemplating Inaugural NOK Green Bond Issue

TekBot · september 20, 2022, 3:43pm

Aker ASA - Successful Issuance of New NOK Green Bonds

Aker ASA, has today successfully issued two new 5-year senior unsecured green
bond issues totaling NOK 2,000 million. A NOK 1,300 million floating rate bond
issue with a coupon of 3 months Nibor + 2.75% per annum and a NOK 700 million
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fixed rate bond issue with a coupon of MS + 2.65% per annum.
An application will be made for the bonds to be listed at Oslo Stock Exchange.

DNB Markets, Nordea and SEB acted as Global Coordinators and Joint Bookrunners
and Danske Bank as Joint Bookrunner for the issuance.
DNB and Nordea have acted as Green Bond Advisors. Nordea has acted as rating
advisor for Aker ASA.

For further information, please contact:
Christina Chappell Schartum, Head of Communications and Investor Relations
mobile: +47 905 32 774
christina.glenn@akerasa.com

This information is subject to the disclosure requirements pursuant to section 5
-12 the Norwegian Securities Trading Act.

Kilde

Technics · september 23, 2022, 6:56am

Er det noen som har investert i Aker Horizons AKH? Sitter med tap og er litt nøktern med å dumpe taperaksjen fordi jeg har tro på framtiden. Men, hvor lenge skal vi sitte før det snur? Det ville vært hyggelig med noen synspunkter. AKH er jo ikke høyt priset med alt det inneholder i paraplyen?

TekBot · september 26, 2022, 3:11pm