Earnings Alerts

Aker ASA (AKER) Earnings: Strong 2Q Performance and Ambitious Plans for AI Factory Development

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  • Aker’s net asset value per share in Q2 was NOK 895.
  • The company’s net assets increased by 7.4% quarter-on-quarter to NOK 66.5 billion.
  • Aker Horizons’ take-private and SLB Capturi transactions are anticipated to conclude in the third quarter.
  • Aker now reports investments in two categories: listed and unlisted companies, instead of industrial holdings and financial investments.
  • Seetee, 90% owned by Aker, holds 754 Bitcoins valued at approximately NOK 800 million, translating to about NOK 10 per Aker share.
  • Aker has consolidated its data center activities under direct ownership.
  • The company plans to establish an AI factory in Narvik, aiming to boost industrial development, job creation, and export revenues.
  • Aker has access to 230 MW of power and a construction-ready site for the AI factory.
  • Discussions with potential technology partners and customers for the AI factory are ongoing.
  • The CEO emphasizes the importance of open global markets, minimal trade barriers, and a supportive ownership environment for long-term investment and industrial growth.
  • Innovation is encouraged through access to risk capital, aiding the success of startups and scale-ups.
  • Norway’s role as an energy nation should continue to be a key focus.
  • Stock analysts exhibit confidence in Aker with 7 buy recommendations, 0 holds, and 1 sell.

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A look at Aker ASA Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth2
Resilience2
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Aker ASA, an industrial investment company with a diverse portfolio in sectors like oil and gas, seafood, and marine biotechnology, is positioned for a promising long-term outlook based on the Smartkarma Smart Scores. The company excels in providing dividends with a top score of 5, showcasing its commitment to rewarding shareholders. Additionally, Aker scores high in terms of value (4) and momentum (4), indicating strong underlying fundamentals and positive market sentiment backing its future prospects.

However, there are areas for potential growth improvement and resilience for Aker ASA, as reflected in the scores of 2 for both growth and resilience. Despite this, Aker’s active ownership approach leveraging its industrial and financial expertise positions it well for sustainable success in the markets it operates in globally. With a strategic focus on key industries and a solid track record, Aker ASA stands as a robust investment choice for investors seeking a blend of stability, dividends, and growth potential in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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