Overview
Aker is an industrial investment company that develops businesses and exercises active ownership to create value for its shareholders and society at large. The company has ownership interests concentrated in oil and gas, renewable energy and green technologies, industrial software, seafood, and marine biotechnology sectors. A long-term investor that holds on to its portfolio companies indefinitely, Aker is the largest shareholder in nine publicly
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Read More traded firms, including engineering, construction, and energy group Aker Solutions, as well as Aker Horizons and biotechnology firm Aker BioMarine. The company was founded as Akers Mekaniske Verksted in 1841. The majority of its revenue was generated in Norway.
Read Less
Read More traded firms, including engineering, construction, and energy group Aker Solutions, as well as Aker Horizons and biotechnology firm Aker BioMarine. The company was founded as Akers Mekaniske Verksted in 1841. The majority of its revenue was generated in Norway.
Read Less
Røkke Kjell Inge
See more contacts
Computer Systems Design and Related Services
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Business Support Services
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Professional, Scientific, and Technical Services
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Custom computer programming services
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Business services, nec
Accounting, Tax Preparation, Bookkeeping, and Payroll Services
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Advertising, Public Relations, and Related Services
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Architectural, Engineering, and Related Services
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Legal Services
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Management, Scientific, and Technical Consulting Services
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Other Professional, Scientific, and Technical Services
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Scientific Research and Development Services
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Specialized Design Services
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Actual
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Modelled
$1.13 billion
Actual
110.49%
122.47%
$108,402
DEC
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Oslo:AKER
Contacts
Get in Touch with 17 Principals*
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Røkke Kjell IngeChairman of the Board
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2023 (12 month period) in USD
Annual Revenue 2024
$1.13 billion
USD
Actual
1 USD = 10.8044 NOK
All financial statement data is in millions except per share data | Source: Morningstar
Cash Flow (mil) | 2024 | 2023 | 2022 |
---|---|---|---|
Net Operating Cash | $902 | $142 | -$257 |
Net Investing Cash | $425 | -$226 | -$272 |
Net Financing Cash | -$959 | -$376 | $300 |
Net Change in Cash | $368 | -$460 | -$229 |
Cash at Beginning of Period | $779 | $1,222 | $1,369 |
Cash at End of Period | $1,163 | $779 | $1,222 |
Capital Expenditure | -$193 | -$295 | -$434 |
Assets (mil) | 2024 | 2023 | 2022 |
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Current Assets | |||
Cash and Cash Equivalents | $1,163 | $779 | $1,222 |
Accounts Receivable | $252 | $164 | $144 |
Inventories | $199 | $251 | $263 |
Other Current Assets | $446 | $403 | $446 |
Asset Summary | |||
Total Current Assets | $2,061 | $1,597 | $2,075 |
Tangible Fixed Assets | $2,888 | $2,084 | $2,328 |
Intangible Assets | $141 | $186 | $428 |
Total Assets | $108,402 | $88,751 | $97,259 |
Liabilities (mil) | 2024 | 2023 | 2022 |
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Current Liabilities | |||
Accounts Payable | $76 | $114 | $118 |
Short-Term Debt | $463 | $340 | $265 |
Other Current Liabilities | $392 | $536 | $563 |
Liability Summary | |||
Total Current Liabilities | $931 | $990 | $946 |
Long-Term Debt | $2,958 | $2,372 | $2,876 |
Other Long-Term Liabilities | $ | $ | -$0 |
Total Liabilities | $4,089 | $3,513 | $4,018 |
Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
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Equity | |||
Common Stock | $216 | $216 | $216 |
Retained Earnings | $3,814 | $3,503 | $3,406 |
Equity Summary | |||
Total Equity | $4,879 | $4,158 | $4,044 |
Shares Outstanding | 74,292,751 | 74,296,637 | 74,293,373 |