Duyuru • May 02
Aker Solutions ASA Provides Earnings Guidance for the Year 2026 Aker Solutions ASA provided earnings guidance for the year 2026. For the year, the company expects revenue to be around NOK 50 billion. Duyuru • Nov 25
Aker Solutions ASA, Annual General Meeting, Apr 16, 2026 Aker Solutions ASA, Annual General Meeting, Apr 16, 2026. Duyuru • Oct 31
Aker Solutions Provides Earnings Guidance for 2025 and 2026 Aker Solutions provided earnings guidance for 2025 and 2026. For 2025, the company expects revenues to exceed NOK 60 billion.
At this early stage, Aker Solutions expects 2026 revenues to be around NOK 45 billion. Duyuru • Aug 16
Aker Solutions Asa Announces Executive Changes Aker Solutions ASA has been informed that employee representative Stian Pettersen Sagvold will resign from the board of the company effective September 1, 2025. The resignation is triggered by Sagvold's recent election to the management of Fellesforbundet, part of the Norwegian Confederation of Trade Unions (LO).Deputy board member Sigurd Mosheim Sævareid will replace Sagvold. The deputy position will not be replaced until the next ordinary election for employee representatives. Duyuru • Jul 11
Aker Solutions ASA Announces Earnings Guidance for the Full Year 2025 Aker Solutions ASA announced earnings guidance for the full year 2025. For the year, the company expects revenues to exceed NOK 55 billion. Duyuru • May 02
Aker Solutions Asa Provides Earnings Guidance for the Year 2025 Aker Solutions ASA provided earnings guidance for the year 2025. For the year, the company expects revenue in 2025 is now expected to exceed NOK 55 billion. Duyuru • Apr 28
Aker Solutions ASA Approves Dividend, Payable on May 8, 2025 The annual general meeting of Aker Solutions ASA was held on April 28, 2025 as a digital meeting with online participation. The general meeting approved distribution of a dividend of NOK 3.30 per share. The dividend is payable to shareholders holding shares in the company as of April 28, 2025. The shares will be traded ex-dividend on Euronext Oslo Stock Exchange from and including April 29, 2025. The dividend will be paid on May 8, 2025. Duyuru • Mar 31
Aker Solutions ASA Proposes Cash Dividend, Payable on 8 May 2025 Aker Solutions ASA presents key information related to the proposed cash dividend to be paid by the company. Total dividend amount: NOK 1,624,151,394; Dividend amount per share: NOK 3.30 per share. Ex-date: 29 April 2025 with Record date: 30 April 2025. Payment date: 8 May 2025. The proposed distribution of the cash dividend is subject to approval by the Annual General Meeting of Aker Solutions ASA to be held on 28 April 2025. Duyuru • Feb 13
Aker Solutions ASA Proposes Dividend for the Fiscal Year 2024, Payable in 2025 Based on Aker Solutions ASA’ 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% of net income excl. special items, in line with the ordinary dividend policy. Duyuru • Feb 12
Aker Solutions ASA Provides Earnings Guidance for the Year 2025 Aker Solutions ASA provided earnings guidance for the year 2025. Based on the secured order backlog and ongoing projects, the company expects full-year revenue in 2025 to be between NOK 50 billion and NOK 55 billion. Duyuru • Dec 09
Aker Solutions ASA, Annual General Meeting, Apr 28, 2025 Aker Solutions ASA, Annual General Meeting, Apr 28, 2025. Duyuru • Nov 22
Aker Solutions ASA Approves Dividend, Payable on December 2, 2024 Aker Solutions ASA announced that at its EGM held on November 22, 2024, the shareholders approved distribution of a dividend of NOK 21.00 per share. The dividend is payable to shareholders holding shares in the company as of November 22, 2024. The shares will be traded ex-dividend on the Euronext Oslo Stock Exchange from and including November 25, 2024. The dividend will be paid on December 2, 2024. Buy Or Sell Opportunity • Nov 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 5.8% to €4.18. The fair value is estimated to be €3.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 3.9% per annum. Earnings are forecast to grow by 7.8% per annum over the same time period. Duyuru • Nov 01
Aker Solutions ASA Proposes extraordinary Cash Dividend, Payable on 2 December 2024 The Board of Directors of Aker Solutions ASA 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 November 22, 2024. Total dividend amount (excluding own shares): NOK 10 billion; Last day including right: 22 November 2024; Ex-date: 25 November 2024; Record date: 26 November 2024; Payment date: 2 December 2024. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €4.40, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Energy Services industry in Europe. Total returns to shareholders of 218% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.46 per share. Reported Earnings • Jul 14
Second quarter 2024 earnings released: EPS: kr1.10 (vs kr1.08 in 2Q 2023) Second quarter 2024 results: EPS: kr1.10 (up from kr1.08 in 2Q 2023). Revenue: kr13.0b (down 8.0% from 2Q 2023). Net income: kr534.0m (up 1.1% from 2Q 2023). Profit margin: 4.1% (up from 3.7% in 2Q 2023). Revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 2.3%. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 12
Aker Solutions Provides Revenue Guidance for the Full Year of 2024 Aker Solutions provided revenue guidance for the full year of 2024. The company now expects revenues in 2024 to grow to a level of around NOK 50 billion, representing a year-on-year growth of around 40% compared to 2023. Buy Or Sell Opportunity • Apr 30
Now 20% undervalued Over the last 90 days, the stock has risen 3.4% to €3.57. The fair value is estimated to be €4.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.6% in 2 years. Earnings are forecast to grow by 133% in the next 2 years. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr1.82 (vs kr0.79 in 1Q 2023) First quarter 2024 results: EPS: kr1.82 (up from kr0.79 in 1Q 2023). Revenue: kr11.5b (flat on 1Q 2023). Net income: kr890.0m (up 130% from 1Q 2023). Profit margin: 7.8% (up from 3.4% in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 1.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 26
Aker Solutions ASA Provides Revenue Guidance for the Full Year 2024 Aker Solutions ASA provided revenue guidance for the full year 2024. For the period, the company expects revenue to increase about 30% compared to 2023. Duyuru • Apr 16
Aker Solutions Appoints Guro Rausand as Executive Vice President of Safeguarding Aker Solutions announced Guro Rausand as executive vice president of Safeguarding. Guro Rausand will join Aker Solutions from @OneSubsea where she currently heads up major projects. Before joining OneSubsea in October 2023, Guro spent 15 years with Aker Solutions. As EVP of safeguarding, Guro will be responsible for HSSE, legal, compliance, governance, and project controls. She will assume her new position in June. Duyuru • Apr 11
Aker Solutions ASA Approves Dividend, Payable on April 22, 2024 Aker Solutions ASA at its annual general meeting held on April 11, 2024, approved distribution of a dividend of NOK 2.00 per share. The dividend is payable to shareholders holding shares in the company as per April 11, 2024. The shares will be traded ex-dividend on Euronext Oslo Stock Exchange from and including April 12, 2024. The dividend will be paid on April 22, 2024. Upcoming Dividend • Apr 05
Upcoming dividend of kr2.00 per share Eligible shareholders must have bought the stock before 12 April 2024. Payment date: 22 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.4%). Duyuru • Feb 13
Aker Solutions ASA (OB:AKSO) announces an Equity Buyback for 12,500,000 shares, for NOK 500 million. Aker Solutions ASA (OB:AKSO) announces a share repurchase program. Under the program, the company will repurchase up to 12,500,000 shares for a total of NOK 500 million. The repurchased shares will be used for the purpose of investment or for subsequent sale or deletion of such shares. The program will be valid till July 31, 2024. Declared Dividend • Feb 12
Dividend of kr2.00 announced Shareholders will receive a dividend of kr2.00. Ex-date: 12th April 2024 Payment date: 1st January 1970 Dividend yield will be 62%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 10x earnings). However, it is well covered by cash flows (25% cash payout ratio). The dividend has increased by an average of 3.6% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1,032% to bring the payout ratio under control. EPS is expected to grow by 213% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Feb 09
Full year 2023 earnings released: EPS: kr0.20 (vs kr2.42 in FY 2022) Full year 2023 results: EPS: kr0.20 (down from kr2.42 in FY 2022). Revenue: kr36.3b (down 12% from FY 2022). Net income: kr96.0m (down 92% from FY 2022). Profit margin: 0.3% (down from 2.9% in FY 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: kr1.75 (vs kr0.62 in 3Q 2022) Third quarter 2023 results: EPS: kr1.75 (up from kr0.62 in 3Q 2022). Revenue: kr14.3b (up 42% from 3Q 2022). Net income: kr853.0m (up 180% from 3Q 2022). Profit margin: 6.0% (up from 3.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 4.4% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 30
Aker Solutions Asa Provides Revenue Guidance for 2023 Aker Solutions ASA provided revenue guidance for 2023. Based on ongoing projects and secured order backlog, the company now expects full-year 2023 revenues, excluding Subsea, to be around NOK 34 billion. Duyuru • Jul 14
Aker Solutions ASA Updates Revenue Guidance for 2023 Aker Solutions ASA updated its revenue guidance and now expects revenue to increase by about 30% in 2023 over 2022 levels. Reported Earnings • Jul 14
Second quarter 2023 earnings released: EPS: kr1.08 (vs kr0.55 in 2Q 2022) Second quarter 2023 results: EPS: kr1.08 (up from kr0.55 in 2Q 2022). Revenue: kr14.2b (up 35% from 2Q 2022). Net income: kr528.0m (up 96% from 2Q 2022). Profit margin: 3.7% (up from 2.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 07
First quarter 2023 earnings released: EPS: kr0.79 (vs kr0.34 in 1Q 2022) First quarter 2023 results: EPS: kr0.79 (up from kr0.34 in 1Q 2022). Revenue: kr11.5b (up 39% from 1Q 2022). Net income: kr387.0m (up 136% from 1Q 2022). Profit margin: 3.4% (up from 2.0% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 75% per year, which means it is significantly lagging earnings growth. Duyuru • May 05
Aker Solutions ASA Provides Earnings Guidance for the Year 2023 Aker Solutions ASA provided earnings guidance for the year 2023. For the year, the company expects full-year revenue in 2023 is expected to increase by more than 15% compared to 2022. Upcoming Dividend • Apr 08
Upcoming dividend of kr1.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 14 April 2023. Payment date: 24 April 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.2%). Reported Earnings • Feb 09
Full year 2022 earnings released: EPS: kr2.42 (vs kr0.52 in FY 2021) Full year 2022 results: EPS: kr2.42 (up from kr0.52 in FY 2021). Revenue: kr41.4b (up 42% from FY 2021). Net income: kr1.18b (up 364% from FY 2021). Profit margin: 2.8% (up from 0.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 04
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 8.6%. The fair value is estimated to be €4.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings is also forecast to grow by 26% per annum over the same time period. Buying Opportunity • Jan 06
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be €4.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Board Change • Nov 16
No independent directors There are 10 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. No independent directors (11 non-independent directors). Director Birgit Aagaard-Svendsen is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: kr0.62 (vs kr0.21 in 3Q 2021) Third quarter 2022 results: EPS: kr0.62 (up from kr0.21 in 3Q 2021). Revenue: kr10.0b (up 37% from 3Q 2021). Net income: kr305.0m (up 193% from 3Q 2021). Profit margin: 3.0% (up from 1.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 25
Aker Solutions ASA Provides Earnings Guidance for the Full-Year 2022 Aker Solutions ASA provided earnings guidance for the full-year 2022. For the year, the company expects revenue up by more than 35% in 2022 from 2021. Reported Earnings • Jul 15
Second quarter 2022 earnings released: EPS: kr0.55 (vs kr0.12 in 2Q 2021) Second quarter 2022 results: EPS: kr0.55 (up from kr0.12 in 2Q 2021). Revenue: kr10.5b (up 53% from 2Q 2021). Net income: kr269.0m (up 348% from 2Q 2021). Profit margin: 2.6% (up from 0.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.7%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Jul 15
Aker Solutions ASA (OB:AKSO) acquired of Frontica Engineering AS for NOK 18 million. Aker Solutions ASA (OB:AKSO) acquired of Frontica Engineering AS for NOK 18 million on June 30, 2022.
Aker Solutions ASA (OB:AKSO) completed the acquisition of Frontica Engineering AS on June 30, 2022. Duyuru • Jul 14
Aker Solutions ASA Provides Revenue Guidance for the Full Year 2022 Aker Solutions ASA provided revenue guidance for the full year of 2022. For the year, company expects full-year revenue up by around 30% in 2022. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €2.99, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 10x in the Energy Services industry in Europe. Total loss to shareholders of 13% over the past three years. Reported Earnings • May 04
First quarter 2022 earnings released: EPS: kr0.34 (vs kr0.055 in 1Q 2021) First quarter 2022 results: EPS: kr0.34 (up from kr0.055 in 1Q 2021). Revenue: kr8.29b (up 28% from 1Q 2021). Net income: kr164.0m (up kr137.0m from 1Q 2021). Profit margin: 2.0% (up from 0.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 17%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
No independent directors There are 10 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. No independent directors (11 non-independent directors). Director Birgit Aagaard-Svendsen is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Duyuru • Apr 10
Aker Kværner Holding AS acquired 6.067508% stake in Aker Solutions ASA (OB:AKSO) for NOK 809 million. Aker Kværner Holding AS acquired 6.067508% stake in Aker Solutions ASA (OB:AKSO) for NOK 809 million on April 8, 2022.
Aker Kværner Holding AS completed the acquisition of 6.067508% stake in Aker Solutions ASA (OB:AKSO) for NOK 809 million on April 8, 2022. Duyuru • Apr 08
Aker Solutions ASA Approves Cash Dividend for the Year 2021, Payable on April 21, 2022 Aker Solutions ASA at its general meeting held on April 7, 2022 approved distribution of a dividend of NOK 0.20 per share. The dividend is payable to shareholders holding shares in the company as of April 7, 2022. The shares will be traded ex-dividend on the Oslo Stock Exchange from and including April 8, 2022. The dividend will be paid on April 21, 2022. Upcoming Dividend • Apr 01
Upcoming dividend of kr0.20 per share Eligible shareholders must have bought the stock before 08 April 2022. Payment date: 21 April 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.7%). Lower than average of industry peers (3.5%). Duyuru • Mar 31
Aker Solutions ASA (OB:AKSO) entered into an agreement to acquire 100% stake in Rainpower Holding AS from Aker Horizons ASA (OB:AKH) for NOK 150 million. Aker Solutions ASA (OB:AKSO) entered into an agreement to acquire 100% stake in Rainpower Holding AS from Aker Horizons ASA (OB:AKH) for NOK 150 million on January, 2021. Rainpower Holding AS revenue in 2021 was NOK 345 million. A third-party valuation report has been obtained and the transaction remains subject to various closing conditions, including certain third-party approvals. The transaction is expected to be completed during the second quarter of 2022. Reported Earnings • Mar 15
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Net income: kr254.0m (up kr1.79b from FY 2020). Revenue exceeded analyst estimates by 1.5%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 17% share price gain to €3.09, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 10x in the Energy Services industry in Europe. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.55 per share. Reported Earnings • Feb 09
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr0.52 (up from kr3.13 loss in FY 2020). Revenue: kr29.5b (up 3.7% from FY 2020). Net income: kr254.0m (up kr1.79b from FY 2020). Profit margin: 0.9% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 20%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS kr0.21 (vs kr0.75 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: kr7.31b (up 33% from 3Q 2020). Net income: kr104.0m (down 49% from 3Q 2020). Profit margin: 1.4% (down from 3.7% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 18
Second quarter 2021 earnings released: EPS kr0.12 (vs kr0.34 loss in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: kr7.02b (down 20% from 2Q 2020). Net income: kr60.0m (up kr303.0m from 2Q 2020). Profit margin: 0.9% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Duyuru • Jul 15
Aker Solutions Asa Announces Earning Guidance for the Year 2021 Aker Solutions ASA announced earning guidance for 2021. For 2021, the company sees overall revenue at around NOK 28 billion, with underlying EBITDA-margin seen up from last year towards the higher end of the 5.5% to 6.0% level. Reported Earnings • May 08
First quarter 2021 earnings released: EPS kr0.055 (vs kr2.73 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: kr6.47b (flat on 1Q 2020). Net income: kr27.0m (up kr769.0m from 1Q 2020). Profit margin: 0.4% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Duyuru • May 05
Aker Solutions ASA Announces Earning Guidance for2021 Aker Solutions ASA announced that outlook for 2021 remains unchanged; the company sees overall revenue somewhat lower than last year's level, with underlying EBITDA seen up from last year to around the 5.5% to 6.0% level. Executive Departure • Apr 20
Director has left the company On the 14th of April, Oddvar Hølland's tenure as Director ended after 4.0 years in the role. As of December 2020, Oddvar personally held only 13.94k shares (€21k worth at the time). A total of 9 executives have left over the last 12 months. Reported Earnings • Mar 23
Full year 2020 earnings released: kr3.13 loss per share (vs kr0.49 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: kr28.4b (down 25% from FY 2019). Net loss: kr1.54b (down kr1.78b from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Duyuru • Mar 21
Aker Solutions ASA to Report Q2, 2021 Results on Jul 14, 2021 Aker Solutions ASA announced that they will report Q2, 2021 results on Jul 14, 2021 Executive Departure • Mar 17
Head of Communications & Investor Relations has left the company On the 15th of March, Tove Røskaft's tenure in the role of Head of Communications & Investor Relations ended. We don't have any record of a personal shareholding under Tove's name. A total of 7 executives have left over the last 12 months. Duyuru • Mar 12
Aker Solutions Appoints Marianne Hagen as EVP Aker Solutions announced that it will also reduce the environmental footprint from its own operations. Marianne Hagen has been appointed executive vice president for sustainability and communications. She will be part of the executive management team and accountable for the strategic development of sustainability across Aker Solutions. Marianne Hagen comes from an extensive career in senior positions in politics, public affairs, communications, social responsibility and environmental issues. Previous roles include deputy minister of Foreign Affairs in Norway, head of communications at the Norwegian Royal Court and several board of directors positions. She will
start in her new position on March 15, reporting directly to Kjetel Digre, chief executive officer of Aker Solutions. Hagen succeeds Tove Røskaft, who has left Aker Solutions to take up her new role as Chief of Staff and Business Excellence at Aker Offshore Wind. Duyuru • Mar 05
Aker Solutions Wins Åsgard B Modification Contract Aker Solutions has won a substantial1 contract from Equinor for modifications on the Åsgard B gas and condensate platform to enable increased production. The scope includes engineering, procurement, construction and installation (EPCI) of new equipment. The work starts immediately and is scheduled to be completed in 2024. The floating production platform offshore Norway is connected to subsea installations at several nearby gas and condensate fields. The modifications will enable increased production from the Smørbukk reservoir. The award follows completion of the front-end engineering and design (FEED) work, and the scope will include installation of systems to accommodate production with both high and low pressure, replacement of reinjection compressors as well as other modifications. The work is expected to require around 415 man-years for Aker Solutions. Including ripple effects to personnel working with suppliers and in other sectors, it is estimated that the project will involve more than 1,600 jobs. The prefabrication for new systems to be installed at Åsgard B will involve 45 man-years at Aker Solutions' yard in Egersund. For Aker Solutions' office in Trondheim, the engineering, procurement and project management will engage around 240 man-years, primarily for local employees. Aker Solutions' work offshore to install the new systems will involve around 130 man-years. The contract will be booked as order intake in the first quarter of 2021 in the Electrification, Maintenance and Modifications segment. 
