First quarter results 2011

6 May 2011 - Aker Solutions' operating revenues in the first quarter of 2011
were NOK 12 billion, and earnings before interest, tax, depreciation and
amortisation amounted to NOK 1.8 billion, including profit from asset sales and
non-recurring items.

"The streamlining of our business is nearly complete, and Kvaerner is scheduled
to be listed on the Oslo Stock Exchange in July. Solid first quarter earnings
and gains from strategic asset divestments have generated a NOK 1 billion net
cash position. From this strong position we will continue to develop Aker
Solutions as a focused engineering and technology company in the oil and gas
industry," says Øyvind Eriksen, Executive Chairman of Aker Solutions.

First quarter consolidated revenues rose to NOK 11 976 million, from NOK 10 655
million in the same period in 2010. EBITDA for the first quarter of 2011 was NOK
1 078 million, excluding non-recurring items, up from NOK 998 million a year
ago. When including a net profit of NOK 757 million from the sale of Aker Marine
Contractors, the EBITDA was NOK 1 835 million, compared with NOK 1 180 million
in the first quarter of 2010.

The sale of part of the Process and Construction businesses to Jacobs
Engineering Group was closed in February 2011, generating a gain of NOK 2
billion. Earnings per share in the first quarter were NOK 12.19.

Order intake in the first quarter was NOK 17.0 billion, representing new
contracts and growth in existing contracts and reflecting increased market
activity in the North Sea and deepwater markets. At the end of the first
quarter, the order backlog was NOK 55.3 billion, an increase of NOK 4.5 billion
from the previous quarter.

"The high tender activity from the beginning of the year has resulted in a
strong order intake and a larger order backlog. Now our job is to organise our
resources, build our capacity and deliver as promised," says Mr Eriksen.

Kvaerner: a new specialised EPC company

Kvaerner will build on decades of experience as an EPC contractor for onshore
and offshore oil and gas facilities, covering a wide range of technologies and
solutions.

Through the demerger of Aker Solutions, Kværner ASA ("Kvaerner") will assume
significant parts of Aker Solutions' activities within the former ED&S business
area, including its activities within the Field Development (FD) sub-segment,
but excluding its activities within the MMO and Engineering (ENG) sub-segments;
and Aker Solutions' activities relating to its EPC centre in Houston and the
union construction businesses in the United States and Canada.

Consideration shares in Kvaerner will be issued to the shareholders of Aker
Solutions. Each share in Aker Solutions will give the right to one consideration
share in Kvaerner. The consideration shares will constitute 100 percent of the
outstanding shares in Kvaerner as of completion of the demerger. The first day
of trading on the Oslo Stock Exchange is expected on or around 8 July, 2011.

ENDS

For further information, please contact:

Media:
Geir Arne Drangeid, EVP Corporate Communications, Aker Solutions, Tel:
+47 67 51 30 36, Mob: +47 913 10 458

Investor relations:

Lasse Torkildsen, Senior Vice President IR, Aker Solutions, Tel:
+47 67 51 30 39, Mob: +47 911 37 194



Career opportunities:

Visit http://www.akersolutions.com/careers

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"),
is a leading global oil services company that provides engineering and
construction services, technologies, product solutions and field-life solutions
for the oil and gas industry. The Aker Solutions group is organised in a number
of separate legal entities. Aker Solutions is used as the common brand/trademark
for most of these entities.



Aker Solutions' parent company is Aker Solutions ASA.  Aker Solutions has
aggregated annual revenues of approximately NOK 46 billion and employs
approximately 20 000 people in about 26 countries.

This press release may include forward-looking information or statements and is
subject to our disclaimer, see www.akersolutions.com.



This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.



1st quarter results 2011 Report:
http://hugin.info/77/R/1513145/448896.pdf

1st quarter results 2011 Presentation:
http://hugin.info/77/R/1513145/448898.pdf

1st quater results 2011 Norwegian Summary:
http://hugin.info/77/R/1513145/448897.pdf




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originality of the information contained therein.

Source: Aker Solutions ASA via Thomson Reuters ONE

[HUG#1513145]


Unternehmen: Aker Solutions ASA - ISIN: NO0010215684