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On Wednesday, the arrow points up at the Oslo Stock Exchange. At lunchtime, the main index stands at 1,239.75 points, up 0.2 per cent. A barrel of North Sea oil sells for 84.76 dollars, down 1.0 percent.
“Oil prices have come under pressure, driven by a higher-than-expected US CPI, further release of oil from SPR storage and a bearish API report,” writes commodity strategist Warren Patterson at ING. Equinor rises 0.2 per cent to NOK 328.70.
A strong market and better component availability helped Kitron to set a record in revenue, profit and order backlog in the fourth quarter. Operating income came in at NOK 1,813 million, up from NOK 949 million in the same period the previous year, while operating profit before depreciation and amortization (EBITDA) rose from NOK 78.4 to NOK 203.2 million. This is good news for the celebrity investors Egil Dahl and Aasulv Tveitereid, who are the 3rd and 5th largest shareholders in the technology company. The share rises 6.2 per cent to NOK 30.10, and during Wednesday morning reached a record high of NOK 30.65.
Says falls 0.4 percent to NOK 176.55 after the company presented its quarterly figures. The operational operating result rose from 146 million euros in the fourth quarter of 2021 to 239 million euros in the fourth quarter of 2022. Mowi distributes NOK 900 million in ordinary dividends to shareholders in the fourth quarter.
Two Kjell Inge Røkke-dominated companies have presented figures today. Aker Carbon Capture did better than last year and has NOK 1.1 billion in order reserves. Aker BioMarine turned a negative into a positive in the fourth quarter, but is not satisfied with the margins and has implemented an improvement programme. The shares fall by 2.3 per cent and 4.5 per cent respectively.
Rana Gruber pays the second-highest dividend ever after having an adjusted net result of NOK 158.1 million in the quarter, up from NOK 102.5 million. The share rises 2.4 per cent to NOK 63.
Norwegian Energy Company more than doubled its bottom line and achieved an EBITDA result of $140 million in the fourth quarter of 2022, compared to $97 million in the same period last year. The share falls 4.4 per cent to NOK 393.
The electric car charging company Zaptec did stronger in the fourth quarter, but is burning cash to grow.
– These investments are necessary for long-term success, despite the fact that it has taken a toll on the result for the fourth quarter, says Peter Bardenfleth-Hansen, CEO of Zaptec. The share falls 5.5 per cent to NOK 25.54.
