OB:AKRBPOil and Gas
Aker BP (OB:AKRBP) Margin Slide Undercuts Bullish Thesis Despite Strong Growth Outlook
Aker BP (OB:AKRBP) delivered mixed headline results: revenue is forecast to grow 5.3% per year, topping the broader Norwegian market’s 2.6% annual pace. Earnings are expected to rise at a 16.2% clip, which is faster than the domestic average of 13.7%. Despite this positive outlook, the company’s net profit margin has slipped to 6.2% compared to 13.6% last year, and earnings growth turned negative over the most recent period after averaging 24.3% per year over the last five years. As investors...