Report
Ahmed Ben Salem ...
  • Thijs Berkelder

Aker BP : Q4 results below forecasts – Pressure on FCF that does not prevent the group from surprising on dividends

>Operating profit 13% lower than forecast - Aker BP reported its Q4 2023 earnings with EBITDA in line but EBIT 13% below forecasts at $ 2.15bn (-$ 17.7% q-o-q) and net profit far below forecasts at $ 164m (-72% q-o-q) and 74% below the consensus. The gap stemmed from a higher-than-expected tax rate of 92% vs 77% given an impairment effect. CFFO was down at $ 1.5bn vs $ 2.1bn in Q3, but this was related to the tax payment in the quarter, with FCF down at $ 460.7m.§rc...
Underlying
AKER BP ASA

Aker BP ASA engages in the exploration, development, and production of petroleum resources on the Norwegian Shelf. In addition, Co. has a separate Johan Sverdrup business unit to manage its interest.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Ahmed Ben Salem

Thijs Berkelder

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