Latest news with #AkerASA
Yahoo
27-05-2025
- Business
- Yahoo
Aker ASA: Aker Property Group to Exchange Class B Shares for Class A Shares in Samhällsbyggnadsbolaget i Norden AB
FORNEBU, Norway, May 27, 2025 /PRNewswire/ -- Aker Property Group, a wholly owned subsidiary of Aker ASA, today announces that its wholly owned subsidiary, APG Invest AS ("APG"), has entered into an agreement to exchange 125,038,756 class B shares for 100,923,623 class A shares in Samhällsbyggnadsbolaget i Norden AB (STO: SBB) ("SBB"). The transaction follows the previously announced agreement on May 13, 2025, under which APG acquired 164,561,931 class B-shares in SBB, representing approximately 9.08% of SBB's share capital and 4.44% of the voting rights. Upon completion of the current transaction, APG will hold 100,923,623 class A shares and 39,523,175 class B shares in SBB, corresponding to a total ownership of approximately 7.75% of the share capital and 28.32% of the voting rights. "This share exchange reflects a step towards taking a more active ownership role in SBB, in line with Aker's strategy and proven method of work. With increased voting rights and eventual board representation, we look forward to working closely with the company's leadership and board to help revitalize the company and strengthen its balance sheet," said Øyvind Eriksen, President and CEO at Aker ASA. The transaction is expected to be completed around the end of Q2 2025, subject to the receipt of Foreign Direct Investment (FDI) clearances. BAHR and Mannheimer Swartling are acting as legal advisors for Aker Property Group. About SBB Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region's leading property company in social infrastructure. The Company's strategy is to long term own and manage social infrastructure properties in the Nordics and rent regulated residential properties in Sweden, and to actively work with property development. Through SBB's commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company's series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm. Further information about SBB is available at Media contact: Atle Kigen, Head of Media Relations and Public Affairs, Aker ASATel: +47 90 78 48 78Email: Investor contacts: Svein Oskar Stoknes, Chief Financial Officer, Aker ASATel: +47 94 80 46 43Email: This information is considered to be inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Laila Hop, Paralegal, Aker ASA, on May 27, 2025, 11:10 CEST. This information was brought to you by Cision View original content:
Bloomberg
13-05-2025
- Business
- Bloomberg
SBB CEO Sees Aker Deal Being Welcomed by Landlord's Creditors
By Landlord SBB and the property unit of Norway's Aker ASA have struck a deal that will bring benefits to the Swedish property group in the form of a major new shareholder and a lower leverage ratio. That's the view of SBB Chief Executive Officer Leiv Synnes who spoke to Bloomberg shortly after the companies separately announced that Aker Property Group had agreed to acquire stakes in both SBB and Public Property Invest AS — the Norwegian property group where SBB is the majority shareholder.
Business Insider
11-05-2025
- Business
- Business Insider
Analysts Offer Insights on Industrial Goods Companies: Aker ASA (OtherAKAAF) and Feintool International Holding AG (OtherFEIOF)
Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Aker ASA (AKAAF – Research Report) and Feintool International Holding AG (FEIOF – Research Report). Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Aker ASA (AKAAF) Kepler Capital analyst Oscar Rønnov maintained a Hold rating on Aker ASA on May 9 and set a price target of NOK620.00. The company's shares closed last Monday at $47.75, close to its 52-week low of $45.81. Rønnov has an average return of 10.6% when recommending Aker ASA. According to Rønnov is ranked #4260 out of 9504 analysts. Aker ASA has an analyst consensus of Hold, with a price target consensus of $57.36. In a report issued on May 9, Doron Lande from Kepler Capital maintained a Sell rating on Feintool International Holding AG, with a price target of CHF10.00. The company's shares closed last Friday at $21.04, equals to its 52-week high of $21.04. According to Lande is a 1-star analyst with an average return of -4.3% and a 39.3% success rate. Lande covers the Industrial Goods sector, focusing on stocks such as Accelleron Industries AG, Landis+Gyr Group AG, and LEM Holding SA. Currently, the analyst consensus on Feintool International Holding AG is a Moderate Sell with an average price target of $12.93.
Yahoo
10-05-2025
- Business
- Yahoo
Aker ASA (STU:FKM) Q1 2025 Earnings Call Highlights: Strong Asset Growth Amid Market Challenges
Net Asset Value: NOK61.9 billion, up from NOK58.2 billion at the end of 2024. Share Price: Closed at NOK622, a 13% increase during the quarter. Dividend: Approved dividend of NOK26.5 per share for the first half of 2025. Cash Holdings: NOK1 billion, up NOK381 million from the previous quarter. Dividends Received: NOK1.6 billion, including NOK936 million from Aker BP. Net Interest-Bearing Debt: NOK0.8 billion, down from NOK2 billion in the previous quarter. Loan to Value Ratio: 8%. Operating Expenses: NOK100 million in the first quarter. Profit Before Tax: NOK741 million for the quarter. Net Value Change: Negative NOK628 million, mainly due to Aker Horizons and Solstad Offshore. Annual Recurring Revenue (ARR) for Cognite: Surpassed USD100 million in the quarter. Warning! GuruFocus has detected 3 Warning Signs with STU:FKM. Release Date: May 09, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Aker ASA (STU:FKM) reported a net asset value increase to NOK61.9 billion, up from NOK58.2 billion at the end of 2024. The company's share price rose by 13% during the quarter, outperforming the Oslo Stock Exchange benchmark index. Aker ASA's strategic focus on fewer, larger cash-generative holdings has maintained financial strength and flexibility. Aker BP continues to be a significant source of upstream dividends, with ambitions to sustain production above 500,000 barrels per day beyond 2030. Cognite's annual recurring revenue surpassed the USD100 million milestone, indicating strong growth in the industrial software sector. Aker Horizons has faced significant operational, financial, and market challenges, leading to sustained underperformance and material losses. The share price of Aker Horizons has declined by 96% since its listing, significantly impacting Aker ASA's valuation. The current geopolitical and market climate, including trade wars and currency fluctuations, presents unpredictability and potential indirect impacts on Aker ASA's operations. Aker ASA's net value change was negative NOK628 million, primarily due to a value decrease in Aker Horizons and Solstad Offshore. Investment decisions are being reconsidered due to prevailing uncertainty, which may reduce activity levels and impact future growth. Q: Given Aker's strong leadership, track record, and talented team, would you agree that the company has underperformed for some time? Can we expect Aker to capitalize on the current macroeconomic environment, and do you have the right strategy in place to once again become the leading star and benchmark for the industry? A: Oyvind Eriksen, President and CEO, responded that Aker's task is to develop its portfolio investments for the long term and deliver returns to shareholders. He disagreed with the notion of underperformance, citing strong long-term returns and dividends. Aker aims to capitalize on the current market environment with disciplined investment strategies. Eriksen believes Aker is a benchmark in its industries and is committed to building its portfolio and exploring new segments. Q: How does Aker plan to navigate the uncertainties in the current geopolitical and market climate? A: Oyvind Eriksen emphasized the importance of balanced scenario-based planning, prudent risk assessment, and maintaining a strong financial position. Aker's strategy includes a focus on fewer, larger cash-generative holdings to maintain financial strength and flexibility. The company aims to uphold its dividend policy and ensure predictability of upstream cash flow. Q: What are Aker's strategic priorities and portfolio design criteria? A: Eriksen outlined that Aker's strategic priorities focus on net asset value development, attractive and predictable dividends, increased upstream cash flow, and investments in growth segments. The company prioritizes long-term mega trends like energy transition and digitalization, aiming for improved capital efficiency and stronger cash flow. Q: Can you elaborate on Aker's approach to active ownership and strategic clarity? A: Eriksen stated that Aker practices active ownership by making necessary adjustments and concentrating its portfolio around larger companies with potential for long-term value creation. The company focuses on transactions that create added value and aligns investments with strategic priorities. Q: How is Aker positioned to leverage AI and digitalization in its portfolio companies? A: Eriksen highlighted that Aker's industrial software companies, Cognite and Aize, are well-positioned to capitalize on digitalization and AI trends. Cognite's Data Fusion platform drives digital transformation and operational efficiency, with a strong commercial presence and promising outlook for the year. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
30-04-2025
- Business
- Yahoo
Aker ASA: Minutes of Annual General Meeting 2025
OSLO, Norway, April 30, 2025 /PRNewswire/ -- The Annual General Meeting (AGM) of Aker ASA was held today as a digital meeting with online participation. All proposals on the agenda were adopted, cf. the notice of the AGM that was published on Oslo Stock Exchange on 4 April 2025. It was resolved to distribute a dividend of NOK 26.50 per share for 2024. The dividend is payable to shareholders holding shares in the Company as per 30 April 2025. The shares will be traded ex-dividend on Oslo Stock Exchange from and including 2 May 2025. The dividend will be paid on or about 13 May 2025. The AGM also resolved to grant Aker ASA's Board of Directors an authorization to resolve an additional dividend during 2025 based on the 2024 accounts. The AGM elected three shareholder-appointed directors to the Board. Frank Ove Reite was re-elected for a period of two years and Karen Simon and Kristin Krohn Devold were re-elected for a period of one year, all continuing in their current roles. The Board of Aker ASA thus consists of the following shareholder-elected directors: Kjell Inge Røkke (Chair) Frank Ove Reite (Deputy Chair) Karen Simon (Director) Kristin Krohn Devold (Director) The complete minutes of the Annual General Meeting are attached to this release and are also available on - ENDS- Investor contact:Svein Oskar Stoknes, Chief Financial Officer Aker ASATel: +47 94 80 46 43E-mail: Media contact:Atle Kigen, Head of Media Relations and Public Affairs, Aker ASATel: +47 907 84 878E-mail: This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This information was brought to you by Cision The following files are available for download: Protokoll fra ordinær generalforsamling 2025 Aker ASA Minutes from Annual General Meeting 2025 Aker ASA View original content: Sign in to access your portfolio
