Aker Solutions Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Aker Solutions (OB:AKSO) Full Year 2024 Results

Key Financial Results

• Revenue: kr53.2b (up 48% from FY 2023).
• Net income: kr2.66b (up by kr2.56b from FY 2023).
• Profit margin: 5.0% (up from 0.3% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: kr5.51 (up from kr0.20 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Aker Solutions Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 4.5%.

Looking ahead, revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Norway are expected to grow by 3.6%.

Performance of the Norwegian Energy Services industry.

The company's shares are up 1.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Aker Solutions (2 shouldn't be ignored!) that we have uncovered.

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