Aker Solutions ASA

WindPower Korea, EDP Renewables and Aker Solutions have formed a consortium with the ambition to develop an initial 500 megawatt floating wind farm off the coast of Ulsan Metropolitan City in South Korea. The consortium was formed as EDP Renewables, one of the top wind energy producers globally, and Aker Solutions, an engineering and technology company with a 40-year track record of realizing offshore projects, have [...]

Akastor ASA will publish its third quarter 2019 results on Tuesday October 29, 2019 at 7:00 a.m. CET. The presentation will be available through a conference call and audiocast only, at 8:00 a.m. CET. The presentation will be audiocasted live, and available through a dial-in conference call. There will be a Q&A session following the presentation. The replay will be made available on the company website. Please join the [...]

Aker Solutions today launches its Intelligent Subsea offering designed to accelerate field development and maximize performance. The industry has standardized, simplified and reduced the size of equipment in recent years, but a further step-change is needed to drive a sustainable future for the subsea industry and the world it serves. With Aker Solutions' intelligent subsea approach, the time it takes to generate optimal [...]

Aker Solutions has won an order from ADNOC to deliver subsea umbilicals for the Dalma gas development project located offshore UAE in the shallow waters of the Persian Gulf. "This is the first subsea umbilical award by ADNOC in the UAE and the first subsea award for Aker Solutions in the Persian Gulf," said Luis Araujo, chief executive officer of Aker Solutions. "We are very pleased with the opportunity to further develop [...]

Aker Solutions' revenues strengthened in the second quarter of 2019 as the company won new contracts and made good progress executing projects globally. 2Q 2019 Financial Highlights Revenue NOK 7.5 billion EBITDA NOK 623 million EBITDA margin 8.3%    EBITDA ex. special items NOK 629 million EBITDA margin ex. special items 8.4%  Earnings per share ex. special items NOK 0.56    Order intake NOK 3.8 billion Order backlog NOK [...]

Second Quarter Highlights Revenue of NOK 1 304 million in the quarter with growth of 49 percent from previous year EBITDA of NOK 114 million in the quarter First Geo and AGR merger completed, presented as a new segment AGR MHWirth completed acquisition of Bronco Manufacturing in June Order intake of NOK 1.8 billion in the quarter, resulting in order backlog of NOK 3.5 billion Media Contact Leif Borge Chief Financial [...]

Akastor ASA will publish its second quarter 2019 results on Wednesday July 17, 2019 at 7:00 a.m. CET. The report and presentation will be available through a conference call and audiocast only, at 8:00 a.m. CET. The presentation will be audiocasted live, and available through a dial-in conference call. There will be a Q&A session following the presentation. The replay will be made available on the company website. Please [...]

June 14, 2019 - Ole Martin Grimsrud has been appointed Chief Financial Officer of Aker Solutions, effective August 1, 2019. He replaces Svein Oskar Stoknes, who is taking over as CFO of Aker ASA on the same day. Grimsrud joined Aker Solutions in 2012 as Vice President, Finance for the Subsea business. He has held several senior management positions in the company since, most recently as Senior Vice President, Group [...]

Akastor ASA's wholly owned subsidiary MHWirth AS , has today entered into agreements with Bronco Holdings LLC for the effective purchase of 100% ownership interests in Bronco Manufacturing LLC for a total consideration of USD 31.5 million . The agreements are formally entered into through MHWirth's US subsidiary, MHWirth Inc. Bronco is a leading provider of critical aftermarket solutions and products to the global onshore [...]

May 14, 2019 - Aker Solutions ASA has engaged DNB Markets, Nordea, SEB and Swedbank to arrange a series of fixed-income investor meetings in the Nordic region, starting May 20, 2019. Following these meetings and subject to inter alia market conditions, a NOK-denominated senior unsecured bond issue with a five-year tenor may follow. The proceeds from the potential bond issue will be used to refinance existing debt and for [...]