Aker ASA : Aker ASA: Aker ASA First quarter results 2013 - Net Asset Value of
NOK 23.2 billion
The Net Asset Value of Aker ASA and its holding companies (Aker) was NOK 23.2
billion as of 31 March 2013, up 1.1 per cent from 31 December 2012.
"The first quarter presented Aker with bright spots, as well as some
challenges,'' Aker's President and CEO Øyvind Eriksen said. "Aker Solutions
and Kvaerner grew their order backlogs, but both companies posted weaker
results than expected in the quarter. On the other hand, Ocean Yield expanded
its portfolio and delivered solid results, setting the company on track for
the next growth phase. Aker BioMarine doubled quarterly revenues and swung
The value of Aker's Industrial holdings portfolio stood at NOK 20.1 billion in
the first quarter, compared to NOK 20 billion in the prior quarter. Aker's
Financial investments portfolio amounted to NOK 6.9 billion, up from NOK 6.7
billion as of 31 December 2012.
Cash holdings declined NOK 324 million to NOK 2.8 billion in the first
quarter, due to NOK 220 million in further funding extended to Aker's real
estate project Fornebuporten, and NOK 100 million in payments related to a
share issue conducted by Aker BioMarine.
The value-adjusted equity ratio was 86 per cent as of 31 March 2013, unchanged
from year end 2012.
The Aker share rose 3.3 per cent during the first quarter to NOK 219, compared
to a 6.1 per cent advance in the Oslo Stock Exchange's benchmark index
Aker's Annual General Meeting approved on 17 April the proposed payment of NOK
12 per share ordinary dividend for 2012, which represents 3.7 per cent of NAV.
In total, NOK 868 million was distributed on 3 May.
The full report and presentation can be downloaded from www.akerasa.com
For further information, please contact:
Atle Kigen, Head of Corporate Communications
Phone: +47 24 13 00 08
Mobile: +47 907 84 878
Marianne Stigset, Head of Investor Relations
Phone: +47 24 13 00 66
Mobile: +47 41 18 84 82
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Aker ASA first quarter results 2013
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information contained therein.
Source: Aker ASA via Thomson Reuters ONE
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