Aker Solutions Q1 Financial Performance and Future Outlook

Aker Solutions Q1 Financial Performance Overview

Aker Solutions has shown remarkable revenue growth and strong order intake in the first quarter. The solid performance reflects the company's committed approach towards growth in the energy market, with an emphasis on sustainable projects.

Quarterly Financial Highlights

For the first quarter, revenue reached NOK 14.4 billion, marking a significant rise from NOK 11.5 billion in the same period in the previous year. This 25% growth can be attributed to robust project management and strategic client engagements.

In terms of profitability, the company recorded an EBITDA of NOK 1.2 billion, resulting in an EBITDA margin of 8.4%. It’s notable that excluding specific items, the underlying performance remained strong—demonstrating Aker Solutions' efficiency and operational strength.

Earnings Per Share

The earnings per share stood at NOK 1.35 for the quarter. This metric showcases not only the profitable operations but also reinforces shareholder value. Aker Solutions' strong financial results hint at a promising fiscal future ahead.

Updates on Order Intake and Backlog

The order intake for Q1 reached NOK 25.6 billion, reflecting a book-to-bill ratio of 1.8. This indicates a healthy pipeline for future revenue, especially with the focus on second-generation renewable projects. The total order backlog at the end of the quarter amounted to NOK 72.1 billion, positioning Aker Solutions strategically in a competitive landscape.

Strategic Alignments and Project Management

CEO Kjetel Digre noted that the company’s momentum has facilitated excellent progress in project execution. The strong order pipeline emphasizes Aker Solutions' role as a trusted collaborator in the energy sector. Continuous efforts to enhance productivity are ongoing, ensuring that costs are managed prudently while delivering quality outcomes.

Moreover, the legacy renewables projects, while presenting challenges, are on track for delivery. Engagement with clients and subcontractors aims to address current commercial issues, demonstrating a proactive approach to problem-solving.

Insights from OneSubsea Partnership

Aker Solutions has a beneficial 20% stake in OneSubsea, which also reported favorable outcomes with an EBITDA margin of 20.4%. The partnership supports Aker Solutions through dividends, with NOK 152 million received recently. This relationship enriches Aker's financial landscape and provides a buffer for future investments.

Future Projections and Market Insights

Looking ahead, Aker Solutions has a robust outlook, supported by a tender pipeline worth around NOK 85 billion. The focus remains strongly on oil and gas opportunities, particularly in Europe’s diverse energy market.

For the full year, revenue is projected to exceed NOK 55 billion, with an anticipated underlying EBITDA margin between 7.0% and 7.5%. These estimates reflect the confidence in the secured backlog and ongoing market engagement.

Dividend Announcement

Reflecting its strong financial health, the company’s recent Annual General Meeting approved a cash dividend of NOK 3.30 per share. This is a testament to Aker Solutions' commitment to returning value to its shareholders.

Contact Information

For further inquiries, investors can reach out to:

Preben Ørbeck
Investor Relations
+47 470 10 611

Hallvard Norum
Media Contact
+47 913 80 820

Frequently Asked Questions

What were Aker Solutions' total revenues for Q1?

The total revenues for Aker Solutions in Q1 were NOK 14.4 billion.

How much did the company earn per share in Q1?

The earnings per share for Aker Solutions in Q1 were NOK 1.35.

What is the total order backlog for Aker Solutions?

Aker Solutions' total order backlog stands at NOK 72.1 billion at the end of the quarter.

What is the outlook for the full year revenue?

The company expects the full year revenue in 2025 to exceed NOK 55 billion.

Who can be contacted for investor relations?

For investor relations, Preben Ørbeck is the contact and can be reached at +47 470 10 611.

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