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Aker ASA: Third Quarter Results 2024 – NAV of NOK 57.0 billion, dividend of NOK 35.50 per share

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OSLO, Norway, Nov. 6, 2024 /PRNewswire/ — The Net Asset Value (“NAV”) of Aker ASA and holding companies (“Aker”) was NOK 57.0 billion at the end of the third quarter 2024, compared to NOK 63.9 billion at the end of the second quarter 2024. Aker’s Board of Directors has approved to pay an additional cash dividend of NOK 35.50 per share, for a total of NOK 2.6 billion, in the fourth quarter, bringing the total dividend to NOK 3.8 billion, or NOK 51 per share, for the full year.

“Aker ended the third quarter with a more streamlined and cash-generative investment portfolio. This enables us to pay an additional NOK 35.50 per share in cash dividend. Furthermore, for the first time, the Aker’s board is adjusting the dividend policy upward to 4-6% of NAV annually. Despite a decrease in our Net Asset Value this quarter, primarily due to lower oil prices, these actions reflect how we are playing to our strengths, including active ownership and transactional capabilities, to drive value creation,” said Øyvind Eriksen, President & CEO of Aker ASA.

Key financials – third quarter 2024

• GAV:

NOK 66.2 billion                                              

• Industrial Holdings:

NOK 54.9 billion                                          

• Financial Investments:

NOK 11.3 billion                                               

• NAV:

NOK 57.0 billion                                     

• NAV per share:

NOK 767                                               

• Share price:

NOK 548                                              

• Dividend approved:

NOK 35.50 per share, to be paid in Nov.                                        

• Liquidity:

NOK 7.9 billion* of which NOK 0.7bn cash and liquid funds                         

*incl. undrawn credit facilities

“All eyes are on the US this morning. Like the rest of the world, we are closely monitoring the outcome of the election. Despite the potential impact on global markets and trade dynamics, many aspects relevant to Aker are expected to remain unchanged. We anticipate a continued fragmented world, geopolitical uncertainty and conflicts, and significant incentives for the US to maintain its technology-leadership and energy self-sufficiency. At Aker, we are used to managing volatilities and remain committed to maintaining a steady course, continuing to deliver value to our shareholders.”

The third quarter of 2024 reflected high activity levels across the portfolio. Aker continued to progress on its strategy of a more streamlined investment portfolio, by over time focusing on fewer portfolio companies with potential for secular growth, profitability, and cash flow generation. Aker’s portfolio companies announced more than NOK 18 billion of total shareholder distributions during the quarter. Consequently, Aker has increased its estimated upstream dividends to more than NOK 11 billion in 2024, a significant increase from NOK 4.4 billion last year and NOK 2.8 billion in 2022. Recent dividend announcements across the portfolio include:

Aker Solutions: NOK 10 billion (OneSubsea JV transaction)Aker BP: USD 379 million quarterly dividendAker BioMarine: NOK 3.9 billion (Feed Ingredients transaction)Solstad Maritime: NOK 233 million for Q3 and initiated quarterly dividendsAMSC: increased quarterly dividends to NOK 43 million

Aker’s revised dividend policy of 4-6% of year-end NAV is rooted in a commitment to a balanced approach to capital allocation, maintaining a solid balance sheet, preserving financial flexibility and investment capacity, while delivering consistent returns to shareholders.

Despite a negative impact on Aker’s NAV in the quarter due to oil price fluctuations, Aker BP remains a cornerstone of the industrial investment portfolio. The company delivered strong operational performance, marked by high efficiency, low costs, and low emissions. Cognite continued its positive commercial development, with Annual Recurring Revenue (ARR) reaching a new record high. SalMar Aker Ocean has successfully completed four production cycles showing stronger biological results compared to traditional fish farming.

For further information, or questions following the presentation, please email the relevant contact below. The quarterly presentation and materials are available at www.akerasa.com and www.newsweb.no

Media contact
Atle Kigen, Head of Media Relations and Public Affairs, Aker ASA
Tel: +47 90 78 48 78
E-mail: atle.kigen@akerasa.com

Investor contact
Fredrik Berge, Head of Investor Relations, Aker ASA
Tel: +47 45 03 20 90
E-mail: fredrik.berge@akerasa.com

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Laila Hop, Paralegal, Aker ASA, on November 6, 2024, at 07:00 CET.

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/aker-asa/r/aker-asa–third-quarter-results-2024—nav-of-nok-57-0-billion–dividend-of-nok-35-50-per-share,c4061675

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Technology

“Bleach: Brave Souls” Anime Broadcast Celebration Special: Christmas Zenith Summons: White Night to Begin Soon with Retsu, Nemu, and Others as New 5 Star Characters

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13 minutes ago

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November 27, 2024

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TOKYO, Nov. 27, 2024 /PRNewswire/ — KLab Inc., a leader in online mobile games, announced that its hit 3D action game Bleach: Brave Souls will be holding the Anime Broadcast Celebration Special: Christmas Zenith Summons: White Night from November 30. See the original press release (https://www.klab.com/en/press/) for more information.

Anime Broadcast Celebration Special: Christmas Zenith Summons: White Night

Event Period: Saturday, November 30 16:00 to Sunday, December 15 15:59 (JST/UTC+9)

A Summons will be held featuring Christmas 2024 versions of Retsu Unohana, Nemu Kurotsuchi, and Isane Kotetsu.

The draw rate for 5 Star characters in this Summons is 6%.
One 5 Star character is guaranteed every five Steps of the x10 Summons except for Step 25 and Step 50.
On Steps 25 and 50, players will be given Tickets to receive a 5 Star character of their choosing.

https://youtu.be/MN7CTyWHPho

Free Thousand-Year Blood War Summons

Event Period: Saturday, November 30 16:00 to Tuesday, December 31 15:59 (JST/UTC+9)

Don’t miss out on a special one-time Summons that guarantees a 5 Star Thousand-Year Blood War character.

Free Seasonal Brave Souls Summons

Event Period: Saturday, November 30 16:00 to Thursday, December 19 15:59 (JST/UTC+9)

One free x10 Summons every day for up to ten days.

Santa’s Helpers Campaign

Campaign Period: Saturday, November 30 16:00 to Sunday, December 15 23:59 (JST/UTC+9)

All participants in this campaign will receive digital Christmas cards.

Plus, an additional 50 winners will also be selected to receive a Brave Souls original greeting card set.

How to Enter
1. Follow the Bleach: Brave Souls official X account (@Bleachbrs_en).
2. Post with a character you have selected to help from the campaign post.

Please check the Brave Souls official X account or the news on the Brave Souls official website for more details.

BLEACH Soul Puzzle Update Campaign

To celebrate the addition of Support Characters to BLEACH Soul Puzzle, players will be given presents alongside Support Items in a special login bonus.

Please check the BLEACH Soul Puzzle in-game news or the official X account (@BLEACHPuzzle_en) for more details.

*Please note that campaign contents and the campaign period are subject to change without notice.
*Please check the in-game news for further details.

Overview of Bleach: Brave Souls

Platform:                                  iOS /Android™/PC/PS4™/Nintendo Switch/Xbox One
Genre:                                      3D Action
Price:                                        Free-to-play (In-game purchases available)
Official Website:                      https://www.bleach-bravesouls.com/en/
Official X Account:                  @bleachbrs_en
Official Facebook Page:         https://www.facebook.com/BleachBS.en
Official YouTube Channel:      https://www.youtube.com/channel/UC1QJ4uNQeijEx0jlo4nqauA
Official Instagram:                   @bleachbravesouls_official
Official Discord:                       https://discord.com/invite/bleachbravesouls
Official TikTok:                         https://www.tiktok.com/@bleachbrs_en_official
Copyright:                                 © Tite Kubo/Shueisha, TV TOKYO, dentsu, Pierrot     
                                                   © KLabGames

Download Here:

App Store: https://itunes.apple.com/app/id1003168863
Google Play: https://play.google.com/store/apps/details?id=com.klab.bleach
Steam: https://store.steampowered.com/app/1201240/BLEACH_Brave_Souls
PlayStation Store: https://store.playstation.com/concept/10002097
Nintendo eShop: https://nintendo.com/us/store/products/bleach-brave-souls-switch
Xbox Store: https://www.xbox.com/games/store/bleach-brave-souls/9nnrnx65nknb

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SOURCE KLab Inc.

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Maran Timber Sdn. Bhd. Pioneers EUDR-Compliant Shipments from Malaysia to Europe

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13 minutes ago

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November 27, 2024

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Image link:
https://drive.google.com/file/d/1oVhRggdwfKYbMWyEHqtQNvdYnoCeLhaZ/view?usp=drive_link 

KUALA LUMPUR, Malaysia, Nov. 27, 2024 /PRNewswire/ — Maran Timber Sdn. Bhd., a leading Malaysian timber exporter, has become the first company in the country to achieve European Union Deforestation Regulation (EUDR) compliance using the cutting-edge Proteus platform from #dltledgers, a Singapore-based digital supply chain solutions provider. This milestone marks a significant advancement for the Malaysian timber industry, enabling seamless, transparent, and compliant shipments to the European Union (EU).

The EUDR, which came into force in June 2023, aims to curb global deforestation by regulating commodities that contribute to environmental degradation. As part of its commitment to sustainability and responsible forestry, Maran Timber is leveraging the multi-party Proteus framework to ensure the traceability of its timber exports, demonstrating compliance with the strict EU regulations. The platform offers real-time auditability and immutable record-keeping, ensuring transparency and accountability from upstream forestry activities to downstream manufacturing and shipment processes.

With over 60 years of experience, Maran Timber is no stranger to innovation, but this latest partnership with #dltledgers marks a pivotal shift towards digitalization and enhanced collaboration across its supply chain. The Proteus platform integrates advanced technologies such as blockchain and AI to streamline multi-party transactions, from raw material sourcing to regulatory submissions. This ensures not only compliance but also increased efficiency and sustainability in every shipment.

“We are proud to be the first timber company in Malaysia to implement EUDR-compliant shipments using #dltledgers’ Proteus framework. This partnership is a game-changer for us, allowing us to meet the stringent demands of the EU market while supporting our sustainability goals,” said Mr. Kay Yip Ng, CEO of Maran Timber Sdn. Bhd. “This collaboration aligns with our vision to build a digitalized ecosystem and further strengthens our commitment to sustainability across the entire supply chain.”

“Proetus is a game changing multi-party collaboration platform for global Compliance and sustainability, with industry specific models for faster customer journey towards a circular economy. We work with multiple industries across the globe; EUDR compliance and submission are deployed at rapid speed, authenticated at real time for compliant exports” said Mr. Samir Neji, CEO of #dltledgers. “We are ecstatic to support the Malaysian Timber Industry. Maran Timber paves the way for further leadership and collaboration across the industry, driving compliance, sustainability, and innovation.”

About Maran Timber Sdn. Bhd.

Maran Timber, formerly known as Maran Road Sawmill, is a premier fully integrated Maran Timber, a prominent timber company in Malaysia, focuses on producing high-quality timber products while maintaining strong commitments to sustainability and responsible practices. The company operates an FSC-certified forest concession under Asrama Raya, a sawmill in Terengganu, and an integrated timber manufacturing facility in Pahang.

Maran Timber offers a range of engineered timber products, including kiln-dried lumber, laminated scantlings, fascia boards, and Noawood, a thermally modified wood product derived from Malaysian tropical timber, designed for enhanced durability and stability. The company remains dedicated to sustainable forest management and adhering to ESG principles, ensuring a balance between business growth and environmental responsibility.

About #dltledgers

#dltledgers is a global multi-party collaboration platform offering state of the art solution in Multi-tier supply chain, Sustainability, Compliance and Digital finance.

Global businesses face significant multi-party collaboration challenges and there is a pressing need for enabling inter-enterprise data-sharing processes. Organizations across diverse geographies often struggle with incompatible technologies. #dltledgers offers clarity through the seamless virtualization of invisible data points across the value chain.

Our flagship product, Proteus, enhances collaboration and authenticity, leveraging advanced virtualization technologies in Gen AI, Blockchain and Web3 frameworks to streamline data sharing, improve visibility and ensure global compliance.

View original content:https://www.prnewswire.com/apac/news-releases/maran-timber-sdn-bhd-pioneers-eudr-compliant-shipments-from-malaysia-to-europe-302317295.html

SOURCE dltledgers

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Technology

Daikin Selects IPfolio from Clarivate

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13 minutes ago

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November 27, 2024

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Enhancing operational efficiency for leading air conditioner manufacturer

LONDON, Nov. 27, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, announced today that Daikin Industries, Ltd. (Daikin) has selected IPfolio™ from Clarivate. The leading air conditioner manufacturer will utilize this solution to optimize its intellectual property (IP) assets, enabling more confident strategic decision-making and sustainable growth.

IPfolio will support Daikin’s IP teams in maximizing operational efficiency, keeping pace with increasing IP filing and data volumes, and eliminating manual processes. As an easily configurable solution, IPfolio will help Daikin meet its unique needs for managing its IP assets. In the future, Daikin will also use IPfolio for its global offices to facilitate collaboration through connected services and integrations.

Glen Nath, Senior Vice President, Intellectual Property, Clarivate, said: “We are very proud to provide our IP management solution to Daikin to help them transform their IP management. Our IPfolio supports Daikin to efficiently manage its IP assets with maximum control and minimal effort, giving its business a competitive edge.”

Gordon Samson, President, Intellectual Property, Clarivate, said: “This is another great example of how we connect our clients to leading solutions to ensure an IP-empowered future. We are confident that our powerful and flexible cloud-based solution will empower clients to make strategic IP decisions with greater confidence and efficiency.”

Mr. Takeo Abe, General Manager of Intellectual Property Department at Daikin, said, “As the Intellectual Property Division is transforming into a creative division, we have decided on Clarivate as a partner to build a new system to optimize and innovate our IP operations. We believe IPfolio is the best system to achieve our goals with its high flexibility and diverse features.”

About Clarivate 
Clarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com. 

Media Contact:
Jack Wan, Director, External Communications
newsroom@clarivate.com 

SOURCE Clarivate Plc

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