Aker BP : EBITDA 5% above forecasts but net income impacted by impairments - Cash flow and debt reassuring
>EBITDA 5% above forecasts but EBIT and NI impacted by impairments - Aker BP has published its Q3 2024 results with EBITDA 5% above forecasts. That said, EBIT came in 10% below forecasts at $ 1.7bn (-26% q-o-q) and net income was 60% below forecasts at $ 173m, due to the booking of $ 304m in technical impairments, which are relatively frequent at the group. The second piece of good news was the increase in CFFO from $ 1.45bn to $ 2.8bn which benefited from fewer tax ...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.
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.
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