Aker Solutions' consultancy has today announced plans to double its revenues and headcount by 2030 as it introduces its new name, Entr. Entr's growth is driven by an increased demand for Aker Solutions' early phase offerings and the need to adapt its services for new and existing markets. Entr's growth will be achieved through a significant increase in core headcount from 300 to more than 600 employees across its global [...]
FORNEBU, Norway, May 21, 2024 /PRNewswire/ -- Reference is made to Akastor ASA's announcements dated 18 and 22 April 2024 on the arbitration award issued in respect of the DRU contracts. The parties to the arbitration have reached an agreement on settlement of the claims that remain unpaid, which includes interest and certain costs, whereby USD 68 million shall be paid to MHWirth AS as full and final settlement. Payment [...]
Aker Solutions has been awarded a substantial1 EPCIC-contract by Equinor to upgrade the wastewater treatment plant facilities and lower the environmental impact of the Mongstad refinery on the west coast of Norway. The Mongstad refinery, situated 70 km north of Bergen, is closely integrated with an oil-terminal connected to multiple oilfields in the North Sea. It also interfaces with crude tankers that are docked at the [...]
FORNEBU, Norway, April 26, 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. Payment of the principal sums awarded, in total USD 108 million , has now been received. MHWirth AS and Akastor are engaging with the counterparty in respect of the amount of interest awarded. Reference is made to announcement dated 22 April [...]
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 [...]
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