Aker Solutions ASA

Aker Solutions has delivered strong revenue growth and improved profitability in the first quarter of 2024 compared to the same period last year. With a solid backlog and high tendering activity, the company is well positioned for future profitable growth. 1Q, 2024 Financial Highlights           Revenue NOK 11.5 billion  EBITDA NOK 987 million     EBITDA margin 8.6 percent     Earnings per share NOK 1.40  Order intake NOK [...]

FORNEBU, Norway, April 25, 2024 /PRNewswire/ -- First Quarter Highlights HMH delivered an EBITDA of USD 33 million in quarter, about 75% increase year-over-year driven by higher aftermarket activity NES Fircroft delivered 17% increase in EBITDA and 12% revenue growth year-on-year DRU arbitration award received in April, with about USD 108 million awarded as payment of termination fees and reimbursement of costs, resulting [...]

FORNEBU, Norway, April 22, 2024 /PRNewswire/ -- Reference is made to Akastor ASA's announcement dated 18 April 2024 on the arbitration award issued in respect of the DRU contracts. The arbitration tribunal imposed different orders for interest for sums awarded, including for unpaid invoices prior to termination, and the termination fees, both at a rate of 8.5% per annum, compounded quarterly. MHWirth AS and Akastor [...]

FORNEBU, Norway, April 18, 2024 /PRNewswire/ -- MHWirth AS has received an arbitration award issued by a tribunal under the rules of the Singapore International Arbitration Centre in a dispute with Jurong Shipyard Pte Ltd arising out of Jurong's termination of four Drilling Rig Unit contracts, whereby MHW has been awarded an amount of USD 101,359,024 as payment of termination fees . In addition, MHW has been awarded [...]

Aker Solutions today publishes its annual report, remuneration report and corporate governance report for 2023. Correction: New versions of reports enclosed due to an incorrect file name of the file containing the annual financial statements in European Single Electronic Format published today at 07:02 CET. CONTACT: Preben Ørbeck investor relations preben.orbeck@akersolutions.com +47 470 10 611 Hallvard Norum media [...]

Aker Solutions today publishes its annual report, remuneration report and corporate governance report for 2023. The reports are attached and also available on https://www.akersolutions.com/agm-2024 Aker Solutions has also published its annual financial statements in European Single Electronic Format , available as an attachment to this release. CONTACTS: Preben Ørbeck investor relations preben.orbeck@akersolutions.com +47 [...]

FORNEBU, Norway, Feb. 14, 2024 /PRNewswire/ -- Fourth Quarter Highlights HMH delivered a record high adj. EBITDA of USD 44 million in the quarter. With this, 2023 adj. EBITDA came in at USD 132 million, up 30% versus 2022 HMH completed refinancing of its USD 150 million bond and USD 23 million term loan with a new USD 200 million bond DDW Offshore delivered a solid operational result with an EBITDA of NOK 40 million [...]

Aker Solutions delivered solid financial performance in the fourth quarter and for the full-year 2023, with increasing revenue and margins. The large secured backlog of projects with balanced risk-reward profiles provides good visibility for future activity levels. The market outlook remains positive, with increased energy spending forecasted in the years to come. Aker Solutions expects revenue to be up by around 15 [...]

FORNEBU, Norway, Jan. 30, 2024 /PRNewswire/ -- Reference is made to press release dated 27 September 2022 on the contract awarded by Petrofac in Australia to Akastor ASA's subsidiary DDW Offshore AS in respect of the vessel Skandi Atlantic. Petrofac has now awarded DDW Offshore a 9-month extension of the existing contract in Australia whereby Skandi Emerald will replace Skandi Atlantic in March 2024. The contract will [...]

LYSAKER, Norway, Nov. 14, 2023 /PRNewswire/ -- Aker Solutions has been awarded a sizeable1 contract from Vattenfall for the Norfolk Vanguard East Offshore Wind Farm off the coast of Norfolk, UK. The contract has a balanced risk-reward profile based on principles for long-term collaboration. The announcement follows the recent award for the Norfolk Vanguard West project, part of the Norfolk Offshore Wind Zone development [...]