OldNick
09:23
30.09.2024
#32758
|
AKSO: Aker Solutions secures Troll Phase 3 stage II topside modification contract
Børsmelding
30.09.2024
Aker Solutions has been awarded a sizeable[1] EPCIC contract by Equinor to prepare the topside of Troll A for accelerating production from the Troll West gas reservoir.
The Troll field is situated in the North Sea, 80 km northwest of Bergen, and is Norway's largest gas producer, supplying 10 percent of Europe's total gas needs. Troll Phase 3 involves producing the gas cap overlying the oil column in Troll West, while also continuing the production of oil. The produced gas goes to Troll A and onwards in existing infrastructure.
The scope includes engineering, procurement, construction, installation and commissioning (EPCIC) for topside modification. The purpose is to prepare the Troll A platform for receiving and processing gas from eight new wells at Troll West.
The first stage of this development was completed in 2021 with a new module on the Troll A platform to receive and process gas from the Troll West field. Aker Solutions completed the Troll A topside modification and provided the subsea systems for the field development in Stage I.
"We are excited to continue following the significant development of the giant Troll field and to move forward with the next step of Troll Phase 3. In-depth knowledge of Troll A, the equipment on the asset, and the modifications made in the first phase is essential, providing a strong foundation for executing this new scope," said Paal Eikeseth, executive vice-president and head of Aker Solutions' Life Cycle segment.
Aker Solutions has also been entrusted with preparing and installing equipment for the clean-up of the initial well fluids during the start-up of the wells.
"We will have the lead responsibility for the interfaces between contractors in this project and will leverage our experience as integrators in complex energy projects, focusing on delivering high-value and optimized solutions. We are honored to be a trusted contractor and look forward to continuing the close collaboration with Equinor on Troll," said Paal Eikeseth.
Several Aker Solutions offices will be engaged in the engineering phase. Project management, detail engineering, procurement and shop engineering is executed by Aker Solutions` Stavanger office with support from Bergen and Mumbai. Construction and prefabrication will be executed at the company's yard in Egersund. In addition, OneSubsea, of which Aker Solutions owns 20 percent, has previously been contracted for the subsea production system for this project.
The contract will start right away and is scheduled for completion at the end of 2027.
The contract will be booked in the Life Cycle segment as order intake for the third quarter of 2024.
[1] Aker Solutions defines a sizeable contract as between NOK 0.5 billion and NOK 1.5 billion.
Contacts:
Investors: Preben Ørbeck, E-mail: preben.orbeck@akersolutions.com, tel. +47 4701 0611
Media: Ruth Lycke, E-mail: Ruth.Lycke@akersolutions.com, tel. +47 9066 5931 |
highlander
18:58
17.10.2024
#49117
|
JP Morgan oppgraderer Aker Solutions fra nøytral til overvekt.
Samtidig oppjusteres kursmålet med en femmer, fra 56 til 61 kroner. |
OldNick
14:31
02.11.2024
#33088
|
Aker Solutions ASA kom med en overraskende melding om et ekstarordinært utbytte onsdag kveld:
AKSO: Aker Solutions ASA - Proposed extraordinary cash dividend of NOK 21 per share, in total NOK 10 billion
Børsmelding
30.10.2024
The Board of Directors of Aker Solutions ASA ("Aker Solutions") has proposed to pay out an extraordinary cash dividend of NOK 21.00 per share, pending approval in an Extraordinary General Meeting (EGM) to be held on Nov. 22, 2024.
- Dividend amount: NOK 21.00 per share
- Total dividend amount (excluding own shares): NOK 10 billion
- Last day including right: 22.11.2024
- Ex-date: 25.11.2024
- Record date: 26.11.2024
- Payment date: 02.12.2024
- Date of approval (EGM): 22.11.2024
The Board of Directors of Aker Solutions has today resolved to propose paying an extraordinary dividend of NOK 21.00 per share. Aker Solutions has a total of 492 167 089 outstanding shares, of which 13 708 424 shares are held by Aker Solutions at the date hereof. Own shares will not be entitled to the dividend. The proposed extraordinary dividend is based on the approved annual accounts for 2023. Notice of the EGM will be distributed separately.
"The extraordinary dividend proposed by the Board of Directors reflects the value creation in Aker Solutions over time. After the dividend payment, the company will maintain a solid balance sheet, enabling continued development of the company and its employees, in addition to creating solid shareholder returns", said Leif-Arne Langøy, Chairman of the Board at Aker Solutions.
"I am proud of the fact that we are delivering on our ambitious targets and that we continue to serve our investors through an attractive capital allocation strategy", said Kjetel Digre, Chief Executive Officer at Aker Solutions.
Contacts:
Preben Ørbeck, investor relations, E-mail: preben.orbeck@akersolutions.com, tel. +47 4701 0611
Hallvard Norum, media contact, E-mail: hallvard.norum@akersolutions.com, tel. +47 9138 0820
______
Det var som en "teaser" for Q3-resultatet, som de kom med torsdag morgen.
AKSO: Aker Solutions ASA - Third-Quarter Results 2024
Børsmelding
31.10.2024
Aker Solutions has delivered another strong quarter with growth in revenues, margins and cash generation compared to the same period last year. The outlook for the company remains positive with a large backlog and high tendering activity across market verticals. Based on the solid financial position and positive outlook, the Board of Directors will propose an extraordinary dividend of NOK 21 per share at an Extraordinary General Meeting to be held on Nov. 22, 2024.
Q3-2024 Financial Highlights:
(excluding special items)
- Revenue NOK 13.2 billion
- EBITDA NOK 1.2 billion
- EBITDA margin 9.2%
- Earnings per share NOK 1.70
- Net cash position NOK 11.7 billion, including investments in liquid funds
- Order intake NOK 6.0 billion (0.5x book-to-bill)
- Order backlog NOK 64.7 billion
"The solid financial results reflect that we are successfully delivering on our extensive project portfolio, meeting key milestones and fulfilling commitments to our clients. At the same time, we are investing in digital solutions and robotization to both safeguard the delivery of our backlog and improve our competitiveness for future opportunities", said Kjetel Digre, CEO at Aker Solutions.
Key Developments
Third-quarter revenue increased to NOK 13.2 billion from NOK 9.1 billion a year earlier. EBITDA excluding special items increased to NOK 1.2 billion, or 9.2% margin, from NOK 214 million in the year-ago period. The financial results in the quarter were driven by strong operational performance across Aker Solutions' business segments and a solid contribution from our 20% ownership in OneSubsea.
Activity levels continue to be high across business segments and locations. During the quarter, Aker Solutions met several important milestones in its project portfolio, including the anchoring of the Johan Castberg FPSO in the Barents Sea and the connection of power from shore to the Troll West platforms. The Aker BP portfolio of projects is progressing according to plan with construction activity scaling up at our own and partner yards. In addition, the Life Cycle segment reported high activity in both Norway and at international hubs, delivering an EBITDA margin of 7.1% in the period.
Order intake for the quarter was NOK 6.0 billion, and the secured backlog at the end of the quarter stood at NOK 64.7 billion. The largest new order in the period was the topside modification contract for Equinor's Troll Phase 3 Stage 2 project in Norway, where OneSubsea previously was awarded the contract for the subsea production system.
Net cash position, including investments in liquid funds not treated as cash under IFRS16, increased to NOK 11.7 billion in the quarter. Working capital reversal represented a cash outflow of about NOK 1.2 billion in the quarter, while CAPEX was NOK 254 million.
During the quarter, Aker Solutions received the remaining proceeds from the OneSubsea transaction, namely the vendor note and working capital loans provided to OneSubsea. Based on its strong cash position, OneSubsea has decided to pay out a quarterly dividend of USD 35 million to its shareholders in the fourth quarter of 2024, of which Aker Solutions will receive approximately NOK 75 million.
Outlook
Despite geopolitical uncertainty and volatile energy prices, the outlook remains positive for Aker Solutions. Tender activity is high at about NOK 82 billion, coupled with extensive early phase engagement to mature new projects through the energy consultancy.
Based on secured revenues and backlog, the company expects full-year 2024 revenues to grow by more than 40 percent compared to 2023. EBITDA margins, excluding net income from OneSubsea, are expected to be around 7.5 percent for the full year of 2024.
Capital Allocation
Based on the company's solid financial position and positive market outlook, the Board of Directors has decided to propose an extraordinary dividend of NOK 21 per share to an Extraordinary General Meeting to be held on Nov. 22, 2024, as announced yesterday. The proposed extraordinary dividend is based on the approved annual accounts for 2023 and payment is proposed to take place on Dec. 2, 2024. This comes in addition to the ordinary dividend, where Aker Solutions has paid out about NOK 1.5 billion in 2024 through dividends and share buybacks.
"The proposal for an extraordinary dividend is a testament to the achievements of the entire Aker Solutions organization. After the dividend, Aker Solutions will remain financially robust, enabling us to continue developing the company and our people, as well as providing solid returns for our investors", said Kjetel Digre.
AKSO: Q3-2024 Press release (PDF)
AKSO: Q3-2024 Presentation (PDF)
AKSO: Q3-2024 Financials (XLSX)
AKSO: Q3-2024 Conference call webcast
AKSO: Investor relations
______
Kraftig resultathopp for Aker Solutions
Leverandørselskapet vil drysse milliarder over aksjonærene.
Asgeir A. Nilsen, E24.no
31.10.2024 |
highlander
01:38
04.11.2024
#49301
|
Det har kommet flere analyseoppdateringer på Aker Solutions etter tredjekvartalsrapporten, jf. OldNick #33088.
Carnegie nedgraderer sin anbefaling på Aker Solutions til hold fra kjøp, og nedjusterer kursmålet til 60 kroner fra 67 kroner.
Selv om momentum på kort sikt trolig vil fortsette å være sterk mener Carnegie at 2024 markerer en topp i inntjening for Aker Solutions og forventer i økende grad mer usikre utsikter for 2026 og utover.
"Det finnes måter for Aker Solutions å vokse på lenger sikt, som offshore vind og en internasjonal utvidelse av sin ingeniør-/konsulentvirksomhet. Men fordi selskapet er svært Nordsjø-tungt og vi forventer at aktiviteten i regionen vil komme ned, tror vi at inntjeningen vil følge ned uansett", skriver Carnegie ifølge TDN.
SEB oppjusterer kursmålet fra 60 til 64 kroner, og Sparebank 1 Markets fra 54 til 58 kroner, samtidig som begge meglerhus gjentar sin kjøpsanbefaling.
Barclays øker kursmålet fra 61 til 67 kroner og gjentar likevekt.
DNB nedgraderer Aker Solutions fra hold til selg med uendret kursmål 48 kroner.
Danske Bank nedgraderer aksjen fra kjøp til hold med kursmål 54 kroner. |
OldNick
09:26
16.12.2024
#33572
|
AKSO: Aker Solutions earns Aker BP M&M extension
Børsmelding
16.12.2024
Aker Solutions has signed a sizeable[1] two-year contract extension for maintenance and modifications work for Aker BP. The contract covers the operated field centers Valhall & Hod, Ula & Tambar, Alvheim and Skarv, offshore Norway.
The existing frame agreement where Aker Solutions and Aker BP work under a joint maintenance and modifications alliance model has been extended for a fixed period of two years, from December 2024 to December 2026, and an option to extend for an additional two years will be formalized subject to Aker BP license partners approval.
"We see clear benefits from working as one team in a fully integrated project organization with Aker BP. Working in alliances enhance efficiency, drive continuous improvement, and provide greater capacity and expertise for customers," said Paal Eikeseth, executive vice president and head of Aker Solutions' Life Cycle segment.
This long-term alliance is key for both companies, continuing their strategic investments in personnel, digitalization, yard facilities, and project capabilities.
The alliance ensures a significant proportion of local deliveries, generating activity, ripple effects and employment opportunities within the Norwegian industry in locations such as Mo i Rana, Sandnessjøen, Egersund and Stavanger as well as a range of offshore sites. In addition, Aker Solutions in Mumbai, India, will make key contributions to engineering and project management within the alliance.
"We look forward to continuing the collaboration with Aker BP, especially as the alliance's employees will begin 2025 in our new office building, Gnist, in Stavanger. The office building is state-of-the-art in terms of flexibility, technology, and workplace facilities, providing an optimal working environment for employees focused on safe, efficient, and reliable operations," said Eikeseth.
The award will be booked as a sizeable[1] contract award in the fourth quarter of 2024, in the Life Cycle segment, representing an estimate of the work to be called off during the two-year fixed period.
[1] Aker Solutions defines a sizeable contract as being between NOK 0.5 billion and NOK 1,5 billion.
Contacts:
Investors: Preben Ørbeck, E-mail: preben.orbeck@akersolutions.com, tel. +47 4701 0611
Media: Ruth Lycke, E-mail: ruth.lycke@akersolutions.com, tel. +47 9066 5931 |
highlander
14:20
19.12.2024
#49386
|
Sparebank 1 Markets gjentar sin kjøpsanbefaling på Aker Solutions i en analyseoppdatering.
Meglerhuset kutter samtidig kursmålet med 21 kroner, fra 58 til 37 kroner - kuttet tilsvarer utbetalt utbytte. |
OldNick
09:31
20.12.2024
#33636
|
AKSO: Aker Solutions ASA - Aker Solutions secures new frame agreement with Vår Energi
Børsmelding
20.12.2024
Aker Solutions has signed a sizeable[1] contract to deliver maintenance and modification services for Vår Energi's Jotun, Balder, and Ringhorne assets in the southern area of the Norwegian Continental Shelf (NCS).
The five-year agreement includes an option for Vår Energi to extend the contract by up to three additional two-year periods.
"This contract renewal reflects our long-term relationship and status as Vår Energi's preferred partner, highlighting that our commitment to improved deliveries and optimized solutions is highly valued by our customers," said Paal Eikeseth, Executive Vice President and head of Life Cycle, Aker Solutions.
Aker Solutions has been providing maintenance and modifications services for Vår Energi's Jotun, Balder, and Ringhorne assets for more than 20 years. The operator is currently Norway's second-largest exporter of gas and plays a significant role in providing reliable and affordable access to energy to Europe.
"Maintenance and modifications are essential to ensuring the safe and efficient operation of our customers' installations and facilities. We look forward to continuing our good collaboration with Vår Energi to achieve this goal," said Eikeseth.
The work will be managed from Aker Solutions' office in Stavanger, Norway while fabrication will be carried out at the company's yard in Egersund.
The work under the frame agreement starts January 2025.
The contract will be booked as order intake in the fourth quarter of 2024 in the Life Cycle segment.
[1]Aker Solutions defines a sizeable contract as being between NOK 0.5 billion and NOK 1.5 billion.
Contacts:
Investors: Preben Ørbeck, E-mail: preben.orbeck@akersolutions.com, tel. +47 470 10 611
Media: Ruth Lycke, E-mail: Ruth.Lycke@akersolutions.com, tel. +47 906 65 931 |
OldNick
21:33
08.01.2025
#33784
|
Staten v/Nærings- og Fiskeridepartementet tilbyr alle sine gjenværende aksjer (nærmere 30.1 mill. aksjer) i Aker Solution til salgs.
AKSO endte dagen på 34.10 per aksje, så om alt blir solgt, kan det binge innnærmere 1 mrd. kroner i Statskassen.
AKSO: Aker Solutions ASA - Contemplated secondary sale of shares
Børsmelding
08.01.2025
The Norwegian state, represented by the Norwegian Ministry of Trade, Industry and Fisheries (the “NMTIF” or the “Vendor”), has retained ABG Sundal Collier ASA and DNB Markets, a part of DNB Bank ASA, (jointly, the "Managers) as joint bookrunners to explore a potential sale of existing shares in Aker Solutions ASA (the “Company”) through an accelerated bookbuilding offering (the "Placing").
The Vendor is contemplating selling up to 30 092 943 shares, representing approximately 6.11% of the outstanding shares in the Company. The bookbuilding process will commence immediately following the publication of this announcement and may be closed at short notice or without notice at the full discretion of the Vendor and the Managers. The Vendor reserves the right, at its own discretion, to decide the number of shares to be sold, or to sell no shares at all.
The minimum order and allocation in the Placing have been set to the NOK equivalent of EUR 100 000. The Vendor may, at its sole discretion, allocate amounts below the NOK equivalent of EUR 100 000 in the Placing to the extent applicable exemptions from the prospectus requirement pursuant to the Prospectus Regulation (EU) 2017/1129, the Norwegian Securities Trading Act and ancillary regulations are available.
The Placing is expected to be priced and allocated before 09:00 CET on 09.01.2025 (T). The settlement in the Placing will be conducted on a normal delivery-versus-payment basis (DVP, T+2).
The NMTIF currently holds 30 092 943 shares in the Company, representing 6.11% of the outstanding share capital in the Company. The Vendor is not represented on the Board of Directors in the Company.
For further information about the Placing, please contact:
ABG Sundal Collier, tel. +47 2201 6013
DNB Markets, tel. +47 2416 9020 |
OldNick
13:01
09.01.2025
#33794
|
Og NFD fikk solgt alle sine aksjer til kurs 32 per aksje.
AKSO: Aker Solutions ASA - Successful secondary sale of shares and disclosure of shareholding
Børsmelding
09.01.2025
Reference is made to the stock exchange notice published on 08.01.2025 regarding a potential sale of existing shares in Aker Solutions ASA (the “Company”) by the Norwegian state, represented by the Norwegian Ministry of Trade, Industry and Fisheries (the “NMTIF” or the “Vendor”) through an accelerated bookbuilding offering (the “Placing”).
The Vendor has sold 30 092 943 shares in the Company through the Placing, representing approximately 6.11% of the share capital and votes in the Company, at a price of NOK 32.00 per share for a total transaction size of approximately NOK 963 million.
Following completion of the Placing, the NMTIF will no longer hold any shares in the Company.
ABG Sundal Collier ASA and DNB Markets, part of DNB Bank ASA, acted as joint bookrunners in connection with the Placing. Wikborg Rein Advokatfirma AS acted as legal counsel to the NMTIF in connection with the Placing. |
OldNick
21:22
15.01.2025
#33864
|
AKSO: Aker Solutions ASA - Aker Solutions and Siemens Energy awarded full notice to proceed on Norfolk Vanguard West and East
Børsmelding
15.01.2025
Aker Solutions, in a consortium with Siemens Energy, has reached an important milestone by receiving the full notice to proceed from RWE for the Norfolk Vanguard West and East offshore wind farms.
The Norfolk Vanguard West and East represent the first phase of RWE's Norfolk Offshore Wind Zone, which also includes the Norfolk Boreas developments. Once complete, the Norfolk Offshore Wind Zone will produce enough renewable electricity to power more than four million homes.
Aker Solutions has provided work for the projects under a limited notice to proceed announced in November 2023. The full notice to proceed represents a significant milestone, and underscores Aker Solutions' ambition to contribute to the global energy transition.
"We are proud to be a key partner in this important energy project, which represents a significant source of renewable energy and a major step in Europe's energy transformation," said Sturla Magnus, Executive Vice President for Aker Solutions' New Build segment.
"The project also aligns with Aker Solutions' strategy to expand our activities in renewables and energy transition projects, reinforcing our position as a leader in sustainable energy solutions."
The project is being executed through a consortium consisting of Aker Solutions and Siemens Energy. Aker Solutions' scope includes engineering, procurement, construction and installation (EPCI) of the high voltage direct current (HVDC) offshore platform, while Siemens Energy is responsible for the onshore station as well as the high voltage equipment in the offshore substations. The joint venture between Aker Solutions and Drydocks World will deliver the two HVDC platforms. Fabrication of the platform topsides will be executed by Drydocks World in Dubai, UAE, while the fabrication of the substructure will be executed by Aker Solutions' yard in Verdal, Norway.
Project execution has started, with engineering and procurement activities ongoing for both platform topsides and substructures. Fabrication of the Norfolk Vanguard West platform started at Drydocks World in April of this year, while fabrication of the Norfolk Vanguard East platform is scheduled to begin in Q2-2025.
The platforms will be delivered and installed in 2027 and 2028. Before offshore installation, they will be towed to Aker Solutions' Stord yard for final preparations, including transfer from transportation vessel to heavy lift vessel.
The contract has a balanced risk-reward profile based on principles for long-term collaboration with aligned incentives for efficient and safe delivery.
Aker Solutions will at this stage book the award as a major[1] order intake in Q1-2025, in the Renewables and Field Development segment, representing the remaining contract value for the two projects.
[1] Aker Solutions defines a major contract as being between NOK 8.0 billion and NOK 12.0 billion
Contacts:
Investors: Preben Ørbeck, E-mail: preben.orbeck@akersolutions.com, tel. +47 4701 0611
Media: Odd Naustdal, E-mail: odd.naustdal@akersolutions.com, tel. +47 9057 6079 |
highlander
11:22
23.01.2025
#49480
|
SEB gjentar sin kjøpsanbefaling på Aker Solutions i en analyseoppdatering.
Meglerhuset oppjusterer samtidig kursmålet fra 44 til 46 kroner.
DNB Markets på sin side går motsatt vei, og nedjusterer kursmålet fra 28 til 27 kroner, samtidig som en salgsanbefaling gjentas. |
OldNick
18:24
27.01.2025
#33954
|
Aker Solutions/Aker ASA og SLB tar for seg av skattebetalernes hardt opptjente grunker ved å skulle stå for utbyggingen av "det meningsløse CO2-fangst anlegget på Klementsrud søppelforbrenningsanlegg" kan vi lese.
AKER/AKSO-aksjeeiere kan kanskje gelde seg?
AKSO: Aker Solutions ASA - Aker Solutions and SLB Capturi awarded contract for Hafslund Celsio's Carbon Capture and Storage Solution
Børsmelding
27.01.2025
Aker Solutions and SLB Capturi have been awarded a contract for the carbon capture and storage solution at Hafslund Celsio's waste-to-energy plant in Oslo, Norway. The contract will deliver a carbon capture plant, a liquefaction system, temporary storage, and loading facility at the waste incineration site. It also includes an intermediate CO2 storage and ship loading system at Oslo harbour. The project is an important milestone in the development of a full-scale CO2 value chain in Norway, as part of the Norwegian Government's Longship project.
For Aker Solutions, this is a substantial[1] contract and the scope of work includes the engineering, procurement, construction, installation, and commissioning (EPCIC) of the onshore facilities. The project will mainly involve our locations at Fornebu and Stord in Norway, and in Mumbai, India.
The waste-to-energy plant at Klemetsrud is the largest carbon emitter in Oslo and is responsible for 19% of the capital's fossil carbon emissions. The project will be delivered based on SLB Capturi's modularized Just CatchT 400 unit and when operational, the carbon capture plant is expected to capture 350 000 metric tonnes of CO2 per year. The space efficient Just Catch product design has been fundamental to enabling a viable, cost-effective solution by reducing onsite footprint, installation and outfitting work.
"Today marks a significant milestone for Aker Solutions and the CCUS industry in Norway. We are proud to be part of this key project and look forward to contributing to effective project execution, based on three decades of experience in the CCS market. This project is a testament to important public and private collaboration to build an industrial value chain for carbon capture and storage. The project will also significantly contribute to reducing emissions and will create value for both industry and society," said Kjetel Digre, chief executive officer for Aker Solutions.
"Standardization and modularization play a key role in shifting the economics of carbon capture projects," said Egil Fagerland, chief executive officer, SLB Capturi. "We are extremely proud of our collaboration with Hafslund and Aker Solutions to align our Just Catch plant design with the techno-economic requirements of this project to help make it a reality. We look forward to delivering this flagship project as a successful blueprint for industrial decarbonization projects in Norway and across the globe."
"We are proud to have Aker Solutions and SLB Capturi with us to realize this major industrial project. It provides security and strength to collaborate with strong partners who have experience from carbon capture and storage from the Longship project, and who bring extensive experience and expertise gained through large industrial developments both in Norway and abroad. Together, we will build a capture plant that will be operational by the fall of 2029," said Martin S. Lundby, managing director at Hafslund Celsio.
The project will start in the first quarter of 2025 and is expected to be completed by 2029. The contract has a balanced risk-reward profile with aligned incentives for efficient and safe delivery. The contract will be booked as order intake in the first quarter of 2025 in the Renewables and Field Development segment.
[1]Aker Solutions defines a substantial contract as between NOK 2.5 billion and NOK 4.0 billion
Contacts:
Investors: Preben Ørbeck, E-mail: preben.orbeck@akersolutions.com, tel. +47 4701 0611
Media: Mari Djupvik Bråthen, E-mail: Mari.Djupvik.Brathen@akersolutions.com, tel. +47 9570 5437 |
OldNick
17:48
06.03.2025
#34222
|
AKSO: Aker Solutions ASA - Awarded Contract for BalWin 1 Offshore Wind Project
Børsmelding
10.02.2025
Aker Solutions has signed a significant[1] contract with Dragados Offshore to deliver the steel substructure for the 2GW HVDC converter station for the BalWin1 offshore wind grid connection system in Germany, for Amprion Offshore GmbH. The contract also includes an option for the BalWin 2 steel substructure.
Each of the BalWin 1 and BalWin 2 grid connection systems consist of a 2.0 Gigawatt HVDC offshore and onshore substation for the transmission of renewable electrical energy. Amprion Offshore GmbH is the transmission system operator responsible for these systems. With a total transmission capacity of 4 GW, the Balwin 1 and 2 projects can supply enough electricity to power a major city like Berlin.
"We are proud that Dragados Offshore has selected Aker Solutions as the contractor for the BalWin 1 steel substructure. We have over decades developed substantial expertise and track record for delivering predictable execution of demanding projects. The new contract is aligned with our strategy to grow our activities within renewables and low-carbon projects," said Sturla Magnus, Executive Vice President for Aker Solutions' New Build segment.
Fabrication of the HVDC substructures will be executed by Aker Solutions' yard in Verdal, Norway. At its peak, the project will employ over 500 people. For Aker Solutions, the scope involves procurement, method engineering and construction of the offshore HVDC converter platform substructures. Preparation for procurement and method engineering will commence immediately, while construction is scheduled to begin in early 2026, with deliveries in 2028 and 2029.
Aker Solutions will book the award, excluding option value, as order intake in Q1-2025 in the Renewables and Field Development segment.
[1] Aker Solutions defines a 'significant' contract as being between NOK 1.5 billion and NOK 2.5 billion
Contacts:
Investors: Preben Ørbeck, E-mail: preben.orbeck@akersolutions.com, tel. +47 4701 0611
Media: Hallvard Norum, media contact, E-mail: hallvard.norum@akersolutions.com, tel. +47 9138 0820
______
Aker Solutions ASA kom med sitt Q4-resultat den 11 februar.
AKSO: Aker Solutions ASA - Fourth-quarter and full-year 2024 results
Børsmelding
11.02.2025
Aker Solutions delivered strong revenue growth with improved margins in 2024. The order backlog remains solid at NOK 61 billion and the tender pipeline grew to about NOK 86 billion at year end. Revenues in 2025 are expected to be around NOK 50 to 55 billion with EBITDA margins of 7.0 to 7.5%, excluding net income from OneSubsea. In addition, OneSubsea, where Aker Solutions owns 20%, has an ambition to distribute dividends of more than USD 250 million to its shareholders in 2025. Based on its robust financial position and positive outlook, Aker Solutions intends to pay out dividends of NOK 3.30 per share for 2024.
FY-2024 Financial Highlights (excluding special items)
- Revenue NOK 53.2 billion
- EBITDA NOK 4.6 billion
- EBITDA margin 8.7%
- Earnings per share NOK 6.62
- Order intake NOK 40.1 billion (0.8x book-to-bill)
- Board of Directors will propose dividend of NOK 3.30 per share for 2024
Q4-2024 Financial Highlights (excluding special items)
- Revenue NOK 15.7 billion
- EBITDA NOK 1.2 billion
- EBITDA margin 7.8%
- Earnings per share NOK 1.70
- Order intake NOK 11.6 billion (0.7x book-to-bill)
- Order backlog NOK 60.9 billion
"Throughout 2024, we continued to raise the bar on our financial performance, carrying a strong momentum into 2025. I am also pleased to see how well our organization is managing the dual challenge of delivering an extensive project portfolio while developing the skills and solutions for the future," said Kjetel Digre, chief executive officer of Aker Solutions.
"It is also encouraging to see the value creation enabled through our 20% ownership in OneSubsea. As a proud co-owner and strategic partner, we see great opportunities going forward, which is well reflected in OneSubsea's target to distribute more than USD 250 million to its shareholders in 2025," said Digre.
Key developments
In the fourth quarter, revenue increased to NOK 15.7 billion from NOK 11.0 billion in the same period last year, representing a 43% increase. EBITDA excl. special items grew to NOK 1.2 billion or 7.8%, up from NOK 0.6 billion or 5.6% in the previous year. This was driven by continued strong performance in our Life Cycle segment, while negatively affected by additional losses in the legacy renewables projects, which will be delivered in 2025.
For the full year, revenues increased to NOK 53.2 billion, a year-on-year growth of 47%. EBITDA excl. special items for the full year was NOK 4.6 billion or 8.7%, up from NOK 1.3 billion or 3.6% in 2023. The underlying EBITDA-margin for 2024 excluding net income from OneSubsea was 7.3%.
Aker Solutions secured new orders worth NOK 11.6 billion in the quarter, which means a book-to-bill ratio of 0.7x for the period. The total order intake for 2024 was NOK 40.1 billion. The secured backlog at the end of the year was NOK 60.9 billion, dominated by projects under the well-proven alliance model with Aker BP.
During the fourth quarter, Aker Solutions paid out an extraordinary dividend of NOK 10 billion. Net cash position at year-end was NOK 2.9 billion, positively affected by a one-off effect of about NOK 1.3 billion from cash in transit related to the joint venture in Dubai.
Outlook
The outlook remains positive for Aker Solutions, with a solid order backlog and high activity within tenders and early-phase studies. The tender pipeline at the end of the year was about NOK 86 billion. The company is actively engaged in early-phase studies on future large-scale opportunities across the energy market, with revenues in the consultancy business growing more than 50% in 2024. The company remains very selective about which contracts it takes on and continues to be vigilant about capacity.
Based on the secured order backlog and ongoing projects, the company expects full-year revenue in 2025 to be between NOK 50 and 55 billion. EBITDA margins are expected to be in the range of 7.0 to 7.5%, excluding net income from OneSubsea. In addition, OneSubsea, where Aker Solutions owns 20%, is expected to pay out dividends of more than USD 250 million to its shareholders in 2025.
Capital Allocation and Dividend
Based on Aker Solutions' financial position and positive outlook, the Board of Directors will propose a dividend of NOK 3.30 per share for the fiscal year 2024, to be paid in 2025, pending approval in the Annual General Meeting on April 28, 2025. The dividend payment represents approximately 50 percent of net income excl. special items, in line with the ordinary dividend policy.
AKSO: Q4-2024 Press release (HTML)
AKSO: Q4-2024 Presentation (PDF)
AKSO: Q4-2024 Financials (XLSX)
AKSO: Q4-2024 Conference call webcast
AKSO: Investor relations
______
Resultatoppgang for Aker Solutions: Tjente 846 mill. kroner før skatt
Aker Solutions hever resultatet kraftig.
Mathias Ogre, E24.no
11.02.2025 |
OldNick
22:33
01.04.2025
#34429
|
AKSO: Aker Solutions preferred supplier for a CCS Project
Børsmelding
28.01.2025
______
Interessant utbytteforslag fra Aker Solutions: Kr. 3.30 utbytte per aksje på fjorårets resultat.
Det er ca. 10% utbytteyield (på gårsdagens kurs på ca. 33/aksje).
AKSO: Aker Solutions proposes NOK 3.30 dividend
Børsmelding
31.03.2025
Aker Solutions ASA ("Aker Solutions") presents key information related to the proposed cash dividend to be paid by the company.
- Total dividend amount: NOK 1 624 151 394*
- Outstanding shares: 492 167 089
- Dividend amount per share: NOK 3.30 per share
- Annual General Meeting (AGM): 28.04.2025
- Last day including right: 28.04.2025
- Ex-date: 29.04.2025
- Record date: 30.04.2025
- Payment date: 08.05.2025
The proposed distribution of the cash dividend is subject to approval by the AGM of Aker Solutions ASA to be held on 28.04.2025.
(*) Own shares held by Aker Solutions ASA will not be entitled to the cash dividend.
Contacts:
Investors: Preben Ørbeck, E-mail: preben.orbeck@akersolutions.com, tel. +47 4701 0611
Media: Hallvard Norum, E-mail: hallvard.norum@akersolutions.com, tel. +47 9138 0820
______
AKSO: Aker Solutions awarded contract for second phase of the Northern Lights carbon storage project
Børsmelding
01.04.2025
Aker Solutions has been awarded a significant[1] contract for the Northern Lights Phase 2 project by Equinor as technical service provider on behalf of the Northern Lights joint venture. The award follows Aker Solutions' delivery of the first phase of this project in 2024.
Reference is made to the stock exchange release published on Jan. 28, 2025.
Northern Lights Phase 1 is part of Norway's Longship project that will establish a full-scale value chain for CO2 capture, transport, and storage services. The first phase development of Northern Lights is completed and ready to receive CO2 from Norwegian and European industrial emitters. Phase 2 of Northern Lights will increase the transport and storage capacity from 1.5 million to a minimum of 5 million tonnes of CO2 per year and is enabled by a grant from the Connecting Europe Facility for Energy (CEF Energy) funding scheme.
Aker Solutions' scope of work includes the engineering, procurement, and construction (EPC) of the onshore facilities, and will include work for our locations at Fornebu and Stord, Norway and Mumbai, India. The contract award demonstrates that Aker Solutions is a trusted partner with execution capabilities and commitment to advancing the Northern Lights project, building on the experience gained from Phase 1 of the project.
"This contract is significant for Aker Solutions and aligns well with our strategy and ability to deliver standardized solutions for projects in the CCUS value chain. This is the fourth project with CO2 storage solutions which we are executing, and this journey has enabled us to continuously reduce costs. Northern Lights strengthens Norway's position as a leader in CCS projects globally, and we are proud to be part of this important initiative", says Henrik Inadomi, Executive Vice President for New Energies at Aker Solutions.
The project will start in Q2-2025 and is expected to be completed in 2028. The contract has a balanced risk-reward profile with aligned incentives for efficient and safe delivery. Aker Solutions will book the contract as order intake in the Renewables and Field Development segment in Q1-2025.
[1] Aker Solutions defines a significant contract as being between NOK 1.5 billion and NOK 2.5 billion. |
OldNick
18:34
07.05.2025
#34665
|
Aker Solutions ASA kom med sitt Q1-2025 resultat den forrige onsdag.
AKSO: Aker Solutions ASA - Q1-2025 Results
Børsmelding
30.04.2025
Aker Solutions has delivered high revenue growth and a strong order intake in the first quarter of 2025. The company continues to have a solid order backlog and high tender activity. Earlier this week, the Annual General Meeting approved the cash dividend of NOK 3.30 per share for the fiscal year of 2024.
Q1-2025 Financial Highlights:
(all figures excluding special items)
- Revenue NOK 14.4 billion
- EBITDA NOK 1.2 billion
- EBITDA margin 8.4%
- Earnings per share NOK 1.35
- Order intake NOK 25.6 billion (1.8 times book-to-bill)
- Order backlog NOK 72.1 billion
"We are keeping up momentum in yet another high-activity quarter, resulting in good progress on our project portfolio and solid financials. This speaks volumes about the strength and resilience of our organization", said Kjetel Digre, Chief Executive Officer of Aker Solutions.
"Our recent contract wins show that we remain a competitive and trusted partner in the broader energy market. At the same time, we continue our efforts together with our clients and strategic partners to improve productivity and drive down costs", said Digre.
Key developments
Revenue in the first quarter increased to NOK 14.4 billion compared to NOK 11.5 billion in Q1-2024, representing a growth of 25%. EBITDA increased to NOK 1 213 million, compared to NOK 987 million in the same quarter last year. The underlying EBITDA margin for the quarter was 8.4%, or 7.2% if excluding the net income from OneSubsea.
As previously disclosed, the legacy renewables projects have been both operationally and commercially challenging. The projects are progressing for delivery in 2025. Discussions are ongoing with both clients and subcontractors to solve these commercial challenges.
Order intake for the quarter ended at NOK 25.6 billion, or 1.8-times book-to-bill. Most of the new orders relate to the "second generation" of renewables and transitional energy projects in Aker Solutions, with balanced risk-reward profiles and focus on standardization to reduce costs. The secured order backlog at the end of the quarter stood at NOK 72.1 billion.
OneSubsea, owned 20% by Aker Solutions, also delivered strong financial results in the period, with an EBITDA margin of 20.4%. OneSubsea has an attractive dividend policy with ambitions to distribute more than USD 250 million during the year. During the first quarter, Aker Solutions received NOK 152 million in quarterly dividends from OneSubsea.
Aker Solutions' financial position remains solid with a net cash position of NOK 3.4 billion at the end of the first quarter.
Outlook and financial guiding
The company continues to have a solid order backlog and a large tender pipeline of about NOK 85 billion, dominated by oil and gas opportunities in Europe. Based on the secured backlog and market activity, full year revenue in 2025 is now expected to exceed NOK 55 billion. At this early stage, the underlying EBITDA margin, excluding net income from OneSubsea, is expected to be in the 7.0-7.5% range for FY-2025.
Earlier this week, the Annual General Meeting approved the cash dividend of NOK 3.30 per share which will be paid on May 8, 2025. ENDS
Contacts:
Investors: Preben Ørbeck, investor relations, E-mail: preben.orbeck@akersolutions.com, tel. +47 4701 0611
Media: Hallvard Norum, media contact, E-mail: hallvard.norum@akersolutions.com, tel. +47 9138 0820
AKSO: Q1-2025 Press release (HTML)
AKSO: Q1-2025 Presentation (PDF)
AKSO: Q1-2025 Earning Tables (XLSX)
AKSO: Q1-2025 Conference call webcast
AKSO: 2024 Annual Report (PDF)
AKSO: Investor relations
______
Aker Solutions økte driftsresultatet
Aker Solutions fikk inn nye ordre for 25.6 mrd. kroner i første kvartal, et kraftig hopp fra fjoråret.
Asgeir A. Nilsen, E24.no
30.04.2025
______
AKER SOLUTIONS: KEPLER OPPGRADERER TIL KJØP, ANDRE MEGLERHUS NEDJUSTERER KURSMÅL
FA.no/Infront TDN Direkt
02.05.2025
Oslo - Kepler Cheuvreux oppgraderer sin anbefaling på Aker Solutions til kjøp fra hold og oppjusterer samtidig kursmålet til 40 kroner fra 36 kroner.
Det fremgår av en oppdatering fra meglerhuset.
Ellers nedjusterer Danske Bank sitt kursmål til 30 kroner (35) og gjentar en holdanbefaling. Meglerhuset opprettholder sitt forsiktige syn på ordreinngangen for 2025-2026 og forventer en fallende resultattrend, ifølge en analyse fredag.
Fearnley Securities nedjusterer kursmålet til 32 kroner (36), og gjentar hold. Meglerhuset øker topplinjeestimatet for 2025 med omtrent 5%, men nedjusterer ebitda-estimatet for 2026 og 2027 med henholdsvis rundt 2% og 5%, ifølge en analyse fredag.
Nordea Markets nedjusterer kursmålet til 38 kroner (42), og gjentar kjøp.
Endret 10:34 09.07.2025 av OldNick |
highlander
18:43
03.06.2025
#49944
|
Sparebank 1 Markets nedjusterer kursmålene på flere olje-. oljeservice og riggaksjer ifølge en sektoroppdatering tirsdag.
"Reflekterende til et svakt makroøkonomisk bakteppe, har vi senket våre oljeprisprognoser for 2025 og 2026 til henholdsvis 67 dollar pr fat (fra 70) og 70 dollar pr fat (fra 75). Selv om vi ikke forventer en kortsiktig bedring og forventer fortsatt overforsyning, kan noen få faktorer gi støtte: Nåværende oljepriser er godt under det inflasjonsjusterte historiske gjennomsnittet, og estimatene for 2026 call on OPEC-volumer kan ha bunnet ut", skriver Sparebank 1 Markets ifølge TDN.
I sektoren fremhever meglerhuset Vår Energi som sitt toppvalg, og mener den underpresterende utviklingen hittil i år, sammenlignet med visse sammenlignbare selskaper, rettferdiggjør en mer fremoverlent holdning. Sparebank 1 Markets erkjenner samtidig Aker BPs høye kvalitet og sterke balanse, samt Equinors defensive egenskaper, sannsynligvis er bedre i et risk off-scenario.
"Med en utbytteavkastning på 17 prosent, økende produksjon og 11 års eiendelslevetid på 2P-reserver, mener vi imidlertid at for mye negativitet er innregnet i aksjekursen. En overgang til Vår ser attraktiv ut", skriver Sparebank 1 Markets.
Videre anslår meglerhuset fortsatt stabile driftsinvesteringer i E&P-sektoren for 2025, men forventer nå en nedgang på 5 prosent i 2026 sammenlignet med året før.
"Dette gjenspeiler en lavere oljepris nært utbytte break-even (vi anslår den til rundt 62 dollar pr fat), og våre forventinger om at utbytte prioriteres fremfor investeringsplaner. I tillegg tror vi E&P vil dra nytte av et svakere sentiment til å presse prisene ned", skriver meglerhuset.
De tror videre at oljeselskapenes investeringer er flate i 2025 og vil falle 5 prosent i 2026. I oljeservicesektoren er Subsea 7 og Odfjell Drilling toppvalg, med kursmål på henholdsvis 200 kroner og 95 kroner. TGS er nedgradert til selg og Dof Group til nøytral.
Meglerhuset gir oljeselskapene, riggselskapene og oljeserviceselskapene de følger følgende kursmål (tidl. i parentes) og anbefalinger:
Equinor NOK 290 (320), kjøp
Aker BP NOK 270 (280), kjøp
BlueNord NOK 700 (775), kjøp
BW Energy NOK 33 (35), nøytral
DNO NOK 15 (17), kjøp
IPC SEK 175 (200), kjøp
Okea NOK 22 (26), kjøp
Panoro Energy NOK 33 (38), kjøp
Petronor NOK 11 (12), nøytral
Vår Energi NOK 37 (39), kjøp
Questerre NOK 2, nøytral
Odfjell NOK 95, kjøp
Noble USD 26 (28), kjøp
Seadrill USD 32 (33), kjøp
SED Energy Holdings (Seabird) NOK 8,5 (7,5), kjøp
Transocean USD 3,25 kjøp
Northern Ocean NOK 8 (10), kjøp
Deep Value Driller NOK 20, kjøp
Borr Drilling USD 2 (2,2), kjøp
Shelf Drilling NOK 13 (16), kjøp
Valaris USD 38 (35), nøytral
TGS NOK 60 (140), selg (kjøp)
DOF Group NOK 95 (125), nøytral (kjøp)
Subsea 7 NOK 200 (240), kjøp
Aker Solutions NOK 32 (37), nøytral
Odfjell Technology NOK 65, kjøp
ABL Group NOK 12, kjøp
Akastor NOK 18, kjøp |
OldNick
09:18
19.06.2025
#34909
|
Oljeserviceaksje faller etter nedgradering: Toppen nærmer seg
Oljeprodusenter som Equinor og Aker BP stiger etter oljeprishopp
Anders Nybakken Kvale, E24.no
19.06.2025
Utdrag:
Senker oljeserviceaksje
DNB Carnegie-analytiker Martin Huseby Karlsen har torsdag jekket ned Aker Solutions-anbefalingen til «selg». Kursmålet er satt til 30 kroner, mens aksjen faller 7.2% til 34.50 kroner ved børsåpning.
Karlsen skriver i en analyse at meglerhuset mener «resultattoppen nærmer seg» for oljeserviceselskapet, i takt med at fornybar energi erstatter olje og gass.
Selv om vi ligger over konsensus for andre kvartal og 2025, drevet av sterke marginer fra lukrative Aker BP-prosjekter, mener vi at markedet overvurderer inntjeningsevnen fra 2026, ettersom olje- og gassprosjekter avtar og erstattes av fornybarprosjekter med høyere risiko, skriver Karlsen.
Vi ser også begrenset kontantstrøm på grunn av oppløsning av arbeidskapital, tilføyer han.
For 2026 og 2026 ligger DNB Carnegie 10% og 26% under konsensus på EBITDA.
Ettersom høy-margin Aker BP-prosjekter fases ut. Med 90% av årets inngåtte ordre innen havvind og karbonfangst, er overgangen til fornybar tydelig. Til tross for uttalelser om bedre vilkår, forblir vi forsiktige gitt den lavere marginen og høyere risikoen forbundet med fornybarprosjekter, samt blandet historikk. En svakere dollar vil trolig også være en belastning på lang sikt, skriver Karlsen.
Han mener kontantstrømmen er under press.
Vi anslår en negativ fri kontantstrøm (FC) på -0.4 mrd. kroner for 2025–2027 som følge av oppløsning av arbeidskapital. Inkludert utbytte fra OneSubsea ser vi en samlet FCF på kun 1.1 mrd. kroner i samme periode, som går at vi ser lavere utbytter fremover.
mer på link |
highlander
19:09
26.06.2025
#50045
|
Danske Bank Markets nedgraderer Aker Solutions til selg fra hold i en analyseoppdatering.
Imidlertid opprettholdes kursmålet på 130 kroner pr aksje.
- Vi opprettholder våre estimater i forkant av andrekvartalsrapporten, og med den nylige aksjekursoppgangen nedgraderer vi, skriver meglerhuset ifølge TDN. |
OldNick
10:31
09.07.2025
#35050
|
AKSO: Aker Solutions ASA - PTAS Aker Solutions secures extension of brownfield services contract in Brunei
Børsmelding
04.06.2025
PTAS Aker Solutions has secured a significant[1] two-year contract extension to provide offshore maintenance and modification services to Brunei Shell Petroleum (BSP). The extension is a result of the customer exercising an option included in the current agreement.
PTAS Aker Solutions, a local joint venture between Aker Solutions and the Brunei company PTAS Sdn Bhd, has been awarded a contract extension for delivery of Offshore Restoration Maintenance Construction (ORMC) services for Brunei Shell Petroleum (BSP).
The work will be managed from PTAS Aker Solutions Sdn Bhd's office in Kuala Belait, Brunei Darussalam.
The scope of work covers maintenance and upgrades to sustain production levels across offshore assets in the South China Sea, with PTAS Aker Solutions serving as the main contractor.
"We look forward to leveraging an optimized delivery model and driving targeted improvement initiatives during this contract period. As the main contractor, we are committed to enhancing new ways of working and improving performance and efficiency while delivering cost reductions across the value chain", said Paal Eikeseth, Executive Vice President and head of Aker Solutions' Life Cycle Business.
Aker Solutions secured the first ORMC contract for Brunei Shell Petroleum in 2012 and the current contract in 2020 as PTAS Aker Solutions. PTAS Aker Solutions combines strong local execution capabilities, with the full breadth of Aker Solutions' international expertise.
The contract will be booked as an order intake in Q2-2025 in the Life Cycle segment.
[1] Aker Solutions defines a significant contract as being between NOK 1.5 billion and NOK 2.5 billion.
Contacts:
Investors: Preben Ørbeck, E-mail: preben.orbeck@akersolutions.com, tel. +47 4701 0611
Media: Hallvard Norum, E-mail: hallvard.norum@akersolutions.com, tel. +47 9138 0820
______
AKSO: Aker Solutions secures contract for Fram Sør tie-in project
Børsmelding
09.07.2025
Aker Solutions has been awarded a sizeable[1] contract by Equinor to prepare the topside of Troll C to receive and process the production from the Fram Sør subsea tie-in project.
Fram Sør will be developed as a subsea tie-in to Troll C and will utilize the existing processing capacity on the platform. The area is located 20 km north of the Troll C platform.
The tieback requires modifications to the topside of the Troll C platform. The scope includes engineering, procurement, construction, installation, and commissioning (EPCIC), as well as services for the new subsea templates.
Aker Solutions has carried out the front-end engineering and design (FEED) for the project, led by its office in Bergen.
Project management, detailed engineering, procurement, and shop engineering will be handled by the Bergen and Mumbai offices. Fabrication will take place at the company's yard in Egersund.
The project will commence right away, with production scheduled to start at the end of 2029.
The contract will be booked in the Life Cycle segment as order intake for Q3-2025.
[1] Aker Solutions defines a sizeable contract as between NOK 0.5 billion and NOK 1.5 billion. |
OldNick
12:40
11.07.2025
#35073
|
Aker Solutions ASA kom med sitt Q2-resultat idag.
AKSO: Aker Solutions ASA - Second-quarter and half-year results 2025
Børsmelding
11.07.2025
Aker Solutions delivered solid financial performance in the second quarter and in the first half of 2025. Several key project portfolio milestones were met during the quarter. Aker Solutions continues to expect 2025 revenues to exceed NOK 55 billion with EBITDA margins of between 7.0 and 7.5% excluding net income from OneSubsea.
Q2-2025 Financial highlights
(excluding special items)
- Revenue NOK 15.2 billion
- EBITDA NOK 1.3 billion
- EBITDA margin 8.3 percent
- Earnings per share NOK 1.46
- Net cash position NOK 2.1 billion
- Order intake NOK 10.9 billion (0.7x book-to-bill)
- Order backlog NOK 68.0 billion
H1-2025 Financial highlights
(excluding special items)
- Revenue NOK 29.5 billion
- EBITDA NOK 2.5 billion
- EBITDA margin 8.4 percent
- Earnings per share NOK 2.81
- Order intake NOK 36.5 billion (1.3x book-to-bill)
"We continue to deliver solid financial results while achieving key milestones on our major projects, and I am proud of the dedication and hard work demonstrated by our organization," said Kjetel Digre, Chief Executive Officer at Aker Solutions.
"I am also pleased to see our drive for innovation and the integration of leading-edge technology into our services, such as the use of autonomous drones for offshore inspections," said Digre.
Key developments
Revenue in the second quarter increased to NOK 15.2 billion from NOK 12.8 billion in the same period last year. EBITDA excluding special items increased to NOK 1.3 billion compared with NOK 1.2 billion a year ago. The underlying EBITDA margin for the quarter was 8.3%, or 7.2%, excluding net income from OneSubsea.
In the Life Cycle segment, revenues grew by 30% compared to the same period last year, with improved margins. In the Renewables and Field Development segment, the legacy lump-sum projects continued to be a drag on margins. Commercial discussions are ongoing with clients and subcontractors on these projects.
During H1-2025, Aker Solutions experienced high activity across our locations, reaching several important milestones in the project portfolio, including the delivery and installation of the Valhall PWP substructure for Aker BP, and the official opening and first capture of CO2 at Heidelberg's cement plant at Brevik.
Order intake for the quarter was NOK 10.9 billion. This was driven by the extension of the brownfield services contract with Brunei Shell Petroleum and an award for the steel substructure for the BalWin 2 offshore wind project in Germany, as well as growth in existing projects. The secured backlog at the end of the quarter stood at NOK 68.0 billion.
The net cash position was NOK 2.1 billion at the end of the quarter, after payment of NOK 1.6 billion in dividends based on the financial results in 2024. During the quarter, Aker Solutions received dividends from our 20 percent stake in OneSubsea of NOK 145 million, in line with OneSubsea's announced targets to distribute USD 250 million to its shareholders in 2025.
Outlook and guidance
Based on the secured backlog and market activity, full year revenue in 2025 is expected to exceed NOK 55 billion. The underlying EBITDA margin, excluding net income from OneSubsea, is expected to be between 7.0 and 7.5% for the full year 2025.
Contacts:
Investors: Preben Ørbeck, E-mail: preben.orbeck@akersolutions.com, tel. +47 4701 0611
Media: Hallvard Norum, E-mail: hallvard.norum@akersolutions.com, tel. +47 9138 0820
AKSO: Q2-2025 Press release (HTML)
AKSO: H1-2025 Report (PDF)
AKSO: Q2-2025 Presentation (PDF)
AKSO: Q2-2025 Earning Tables (XLSX)
AKSO: Q2-2025 Conference call webcast
AKSO: Investor relations
______
Aker Solutions faller kraftig - til tross for milliardresultat
Aker Solutions leverte sterke resultater i andre kvartal med milliardinntekter og økt EBITDA-margin. Likevel faller aksjen nær 10% på Oslo Børs etter rapporten. Selskapet opprettholder guidingen for 2025.
Jørgen Ellekjær, FA.no
11.07.2025 |
highlander
20:16
14.07.2025
#50121
|
DNB Carnegie gjentar sin salgsanbefaling på Aker Solutions i en analyseoppdatering etter andrekvartalsrapporten, jf. OldNick #35073.
Samtidig nedjusterer meglerhuset kursmålet med én krone, fra 30 til 29 kroner.
Aksjen falt mandag 4,55 prosent til 31,86 kroner. |
OldNick
00:11
06.11.2025
#35794
|
Aker Solutions ASA kom med sitt Q3-resultat fredag.
AKSO: Aker Solutions ASA - Q3-2025 Results 2025
Børsmelding
31.10.2025
Aker Solutions has delivered strong growth and solid margins in Q3-2025. Several milestones have been met on the project portfolio in the period. The company now expects revenues in 2025 to exceed NOK 60 billion.
Q3-2025 Financial Highlights:
(excluding special items)
- Revenue NOK 17.0 billion
- EBITDA NOK 1.5 billion
- EBITDA margin 8.8%
- Earnings per share NOK 1.79
- Net cash position NOK 2.5 billion
- Order intake NOK 10.3 billion (0.6x book-to-bill)
- Order backlog NOK 61.7 billion
"In a period of sustained high activity, we continue to reach important milestones across a range of projects while delivering strong revenue growth. This is a clear testament to the expertise and commitment of our people," said Kjetel Digre, Chief Executive Officer at Aker Solutions.
"Looking ahead, we are preparing for changing market conditions by improving our own efficiency as well as working with partners to mature future prospects into commercially sound energy projects," said Digre.
Key Developments
Third-quarter revenue increased to NOK 17.0 billion from NOK 13.2 billion in the same period last year. This represents a 29 percent increase. EBITDA excluding special items was NOK 1.5 billion, up from NOK 1.2 billion one year ago. The financial results in the quarter were driven by solid operational performance across Aker Solutions' business segments and the contribution from the 20% ownership in SLB OneSubsea. The underlying EBITDA margin for the quarter was 8.8%, or 7.2% excluding net income from SLB OneSubsea.
Activity levels continue to be high across business segments and locations. During the quarter, Aker Solutions met all key milestones in the Aker BP project portfolio and celebrated the official opening of the Ormen Lange Phase 3 project, where SLB OneSubsea has delivered the subsea compression system.
Order intake for the quarter was NOK 10.3 billion, and the secured backlog at the end of the quarter stood at NOK 61.7 billion.
The net cash position increased to NOK 2.5 billion in the quarter. Working capital reversal represented a cash outflow of NOK 548 million in the quarter, while CAPEX was NOK 94 million. During the quarter, Aker Solutions received dividends from its 20% ownership in SLB OneSubsea of NOK 142 million.
In the Renewables and Field Development segment, revenues increased 36% to NOK 12.5 billion with an underlying EBITDA margin of 8.0%. The legacy lump-sum projects continued to be a drag on margins in the period and commercial discussions with clients and sub-contractors are ongoing on these projects. The second-generation renewables projects with balanced risk-reward profiles are progressing well with healthy margins.
The Life Cycle segment reported revenues of NOK 3.8 billion with an underlying EBITDA margin of 7.2% in the quarter, driven by solid performance on long-term frame agreements and modification projects.
SLB OneSubsea, where Aker Solutions owns 20 percent, reported revenues of NOK 9.9 billion with an underlying EBITDA margin of 18.4% in the quarter. In the first three quarters of 2025, revenue in SLB OneSubsea was NOK 30.3 billion with an underlying EBITDA margin of 19.9%. The company has a solid financial position and an attractive dividend policy with ambitions to distribute about USD 280 million to its shareholders in 2025.
Outlook and Guidance
Based on secured revenues and backlog for the remainder of the year, Aker Solutions expects full-year 2025 revenues to exceed NOK 60 billion. EBITDA margins, excluding net income from SLB OneSubsea, are expected to be between 7.0% and 7.5% for the full year 2025. At this early stage, Aker Solutions expects 2026 revenues to be around NOK 45 billion.
Contacts:
Investors: Preben Ørbeck, E-mail: preben.orbeck@akersolutions.com, tel. +47 4701 0611
Media: Hallvard Norum, E-mail: hallvard.norum@akersolutions.com, tel. +47 9138 0820
AKSO: Q3-2025 Press release (HTML)
AKSO: Q3-2025 Presentation (PDF)
AKSO: Q3-2025 Earning Tables (XLSX)
AKSO: Q3-2025 Conference call webcast
AKSO: Investor relations
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Aker Solutions økte inntektene – spår fall i 2026
Røkke-selskapet leverer bedre enn ventet i tredje kvartal. Samtidig venter selskapet omsetningsfall neste år.
Truls Lier, E24.no
31.10.2025
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AKSO: Aker Solutions extends role as Equinor's inspection services provider in Norway
Børsmelding
03.11.2025
Aker Solutions has secured a sizeable[1] four-year contract extension to provide onshore and offshore inspection services. The extension follows the customer's decision to exercise an option included in the current agreement.
Aker Solutions will continue to deliver inspection services across more than 15 operating facilities in Norway. The contract extension takes effect from Jan. 1, 2026.
The agreement covers a wide range of inspection services, including conventional and advanced inspections as well as planning and engineering services.
"Aker Solutions is pleased to continue the collaboration with Equinor in this area. We have built a solid foundation by combining skilled people, proven processes, and evolving technologies. Using tools like drones and data-driven algorithms, we support operators in assessing asset condition, managing risk, and making timely decisions-safely and efficiently," said Paal Eikeseth, Executive Vice President and head of Aker Solutions' Life Cycle Business.
The scope of work includes in-service inspection for the following assets:
- Statfjord A, B and C
- Martin Linge
- Oseberg Field Centre, South, East and C
- Mongstad onshore refinery
- Åsgard A, B and C
- Kristin
- Heidrun A and B
- Njord A and B
The work will be carried out by Aker Solutions personnel in Stavanger, Bergen and Trondheim.
"These services are at the core of Aker Solutions' capabilities, enabling operators to maintain control, make fast, informed decisions, and allocate resources where they matter most," said Eikeseth.
The contract will be booked as order intake in Q4-2025 in the Life Cycle segment.
[1] Aker Solutions defines a sizeable contract as being between NOK 0.5 billion and NOK 1.5 billion.
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AKSO: Aker Solutions secures significant brownfield services contract from ExxonMobil Canada
Børsmelding
05.11.2025
Aker Solutions has signed a five-year enabling contract with ExxonMobil Canada Properties, a partnership, as operator of the Hebron platform. The contract is an extension for brownfield maintenance and modification (M&M) services on the Hebron platform.
The Brownfield M&M contract is a significant[1] five-year extension to the original engineering, procurement, and construction (EPC) enabling agreement awarded in 2015. Aker Solutions has delivered platform-wide upgrades and modifications to the Hebron platform since 2015 and has provided multi-disciplinary services to the East Coast Atlantic region for more than 30 years.
"We will leverage our multi-discipline Project Execution Model to deliver fit -for-purpose solutions with speed and precision, ensuring successful outcomes while reducing costs," said Paal Eikeseth, Executive Vice President and head of Aker Solutions' Life Cycle Business.
The work will be led from Aker Solutions' location in St. John's, Newfoundland and Labrador, where the company has increased its staff from 100 to 350 employees in recent years.
"We are pleased to continue our collaboration with ExxonMobil Properties, as operator of the Hebron platform, offshore Newfoundland and Labrador. Canada is a key market for us, where we take a long-term view and continue to deliver strong customer value through our capabilities," said Eikeseth.
The contract will be booked as an order intake in the fourth quarter of 2025 in the Life Cycle segment.
[1] Aker Solutions defines a significant contract as being between NOK 1.5 billion and NOK 2.5 billion.
Endret 00:55 06.11.2025 av OldNick |
OldNick
00:50
08.01.2026
#36170
|
AKSO: Aker Solutions awarded substantial M&M contract by ConocoPhillips
Børsmelding
28.11.2025
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AKSO: Aker Solutions ASA- Mandatory notification of trade by primary insider
Børsmelding
07.12.2025
Dec. 07, 2025 - Kjetil Kristiansen, EVP People & Transformation, on Dec. 4, 2025, sold shares in Aker Solutions ASA on the Oslo Stock Exchange.
Kristiansen sold 35 240 shares at a price of NOK 31.20 per share. Following the transaction, Kristiansen holds 14 153 shares in Aker Solutions ASA.
Contacts:
Preben Ørbeck, investor relations, E-mail: preben.orbeck@akersolutions.com, tel. +47 4701 0611
Hallvard Norum, media contact, E-mail: hallvard.norum@akersolutions.com, tel. +47 9138 0820
[Kommentar: 1 vedlegg på link]
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AKSO: Aker Solutions secures long-term maintenance and modifications frame agreements with Equinor
Børsmelding
07.01.2026
Aker Solutions has been awarded multiple five-year frame agreements for maintenance and modification services with Equinor in Norway.
The contracts include options to extend for two additional periods of three and two years, respectively. The value of the contracts will depend on the volume of maintenance and modification work carried out during the fixed contracting period.
The contracts, excluding options, will be booked as a major[1] order intake in Q1-2026 in the Life Cycle segment.
[1]Aker Solutions defines a major contract as being between NOK 8 billion and NOK 12 billion.
Contacts:
Preben Ørbeck, investor relations, E-mail: preben.orbeck@akersolutions.com, tel. +47 4701 0611
Hallvard Norum, media contact, E-mail: hallvard.norum@akersolutions.com, tel. +47 9138 0820
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Aker Solutions vil kutte rundt 500 årsverk
Over halvparten av kuttene skjer ved verftet i Verdal.
Martin H. Høgseth, Fredrick Chr. Ekeseth, E24.no
07.01.2026
Kortversjonen
- Aker Solutions kutter over 500 årsverk, hvorav rundt 300 forsvinner fra verftet i Verdal fra våren 2026.
- Reduksjonen skyldes færre nye prosjekter og tregere vekst i fornybarmarkedet enn ventet.
- Nedbemanningen kan justeres hvis selskapet sikrer nye oppdrag.
Oppsummeringen er laget av AI-verktøyet ChatGPT og kvalitetssikret av E24s journalister
Endret 08:33 08.01.2026 av OldNick |
highlander
20:33
21.01.2026
#50453
|
DNB Carnegie gjentar sin kjøpsanbefaling på Aker Solutions i en analyseoppdatering.
Samtidig øker meglerhuset kursmålet med en femmer, fra 30 til 35 kroner. |
OldNick
01:08
06.05.2026
#36819
|
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