Aker Horizons ASA (OSTO:AKHo_NO)
kr 1.75 -0.29 (-14.22%) Market Cap: 1.21 Bil Enterprise Value: 12.11 Bil PE Ratio: 0 PB Ratio: 0.28 GF Score: 26/100

Q2 2023 Aker Horizons ASA Earnings Call Transcript

Jul 13, 2023 / 06:00AM GMT
Release Date Price: kr6.17
Kristian RÃ;kke
Aker Horizons ASA - CEO

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A warm welcome to all joining today's presentation of Aker Horizons second-quarter results. I'm Kristian Røkke, CEO of Aker Horizons. Joining me are Nanna Tollefsen, CFO of Aker Horizons; Kristoffer Dahlberg, CFO of Aker Horizons Asset Development unit, who will review our hydrogen portfolio; and Mary Quaney, CEO of Mainstream Renewable Power, who will present the company's main developments in the quarter. At the end, we'll open up for Q&A.

Starting with the bigger picture, we're seeing the energy transition gain momentum across the globe with unprecedented opportunities, but also intricate challenges. Policies and regulations are generally becoming more and more supportive of the transition to net zero while markets are undergoing profound changes, and in some cases, experiencing turmoil. Our performance in this quarter mirrors the dynamism and complexity of this landscape.

Mainstream is currently confronted with obstacles in Chile. The Chilean power market, having functioned effectively for four years, now faces

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