Aker ASA (FRA:FKM)
€ 47.35 0.2 (0.42%) Market Cap: 3.54 Bil Enterprise Value: 5.94 Bil PE Ratio: 5.96 PB Ratio: 0.89 GF Score: 57/100

Q2 2021 Aker ASA Earnings Call Transcript

Jul 16, 2021 / 07:00AM GMT
Release Date Price: €61.2 (-1.61%)
Christina Chappell Glenn
Aker ASA - Head of Corporate Communications & IR

Hello, everyone, and good morning. Welcome to this presentation of Aker's second quarter and half year results for 2021. We will start today's presentation with Aker's President and CEO, Oyvind Eriksen, who will walk you through the highlights in the quarter and how the Industrial Holdings portfolio developed in the period. Our CFO, Svein Oskar Stoknes, will then cover the financial investments portfolio and the second quarter and half year accounts in more detail. (Operator Instructions)

And with that, I hand it over to Oyvind Eriksen.

Oyvind Eriksen
Aker ASA - President & CEO

Thank you, Christina, and good morning, everyone.

In the second quarter, Aker's net asset value ended at NOK 66.9 billion, the highest net asset value on record for the company. The value increase was mainly driven by growth in Aker BP, which was up 14% including dividend, and by Cognite following the USD 150 million investment by the leading venture capital firm, TCV.

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