Aker ASA (OTCPK:AKAAF)

$ 45.8125 -0.5953 (-1.28%) Market Cap: 3.53 Bil Enterprise Value: 7.08 Bil PE Ratio: 4.89 PB Ratio: 0.76 GF Score: 67/100

Q2 2022 Aker ASA Earnings Call Transcript

Aug 17, 2022 / 07:00AM GMT

Release Date Price: $75.55

Transcript

Joachim Bjorni

Hi, everyone, and good morning. Welcome to this presentation of Aker's Second Quarter and Half Year Results for 2022. We'll start today's presentation with Aker's President and CEO, Oyvind Eriksen, who will walk you through the highlights in the quarter and how the industrial holdings portfolio developed. Our CFO, Svein Stoknes, will then cover the financial investments portfolio in the second quarter and accounts in more detail. There will be a Q&A session following the presentation. (Operator Instructions)

And with that, I hand it over to Oyvind.

Oyvind Eriksen

Aker ASA - President & CEO

Thank you, Joachim, and good morning, everyone. The first half of 2022 has been marked by market share from volatile macroeconomic and geopolitical developments. The war in Ukraine has pushed energy prices to new highs. And questions around energy security are at the top of the agenda, which, in turn, is impacting both the pace and the path of the energy transition.

Despite the uncertainties over the last few months, the macroeconomic

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