Aker Solutions ASA: Third quarter results 2011

3 November 2011 - Aker Solutions' operating revenues in the third quarter of
2011 were NOK 8.56 billion. Earnings before interest, tax, depreciation and
amortisation amounted to NOK 322 million. Order intake in the quarter was NOK 8
billion.

"Our subsea challenges in Brazil are well known. We are working on a number of
improvement initiatives, in close dialogue with our customers, to rectify the
situation. However, it is encouraging to see that other business segments are
delivering solid financial results with improved margins. Particularly our
engineering, drilling technologies and mooring & loading systems businesses have
had a strong quarter," says Øyvind Eriksen, executive chairman of Aker
Solutions.

Third quarter consolidated revenues were NOK 8 561 million, compared with NOK
7 949 million in the same period in 2010. EBITDA for the third quarter of 2011
was NOK 322 million (3.8 percent EBITDA margin), compared to NOK 733 million one
year ago. Profits in the quarter were negatively affected by approximately NOK
500 million related to execution challenges in Brazil, as announced on 11
October 2011.

Order intake in the third quarter was NOK 8 billion. At the end of the third
quarter Aker Solutions' order backlog was NOK 44.9 billion - an increase of
almost 23 percent from third quarter 2010.

"We have a strong order backlog, which reflects that activity levels remain high
in all business segments and across all regions of the world. It is worth
noting, however, that the North Sea is still the world's biggest offshore
market. We have always been buoyant about the many excellent opportunities in
the North Sea, but it is still fascinating to witness one of the world's biggest
oil discoveries on such a mature continental shelf. There is no doubt that the
latest discoveries, combined with the oil companies' efforts to extend the lives
of producing fields, will generate a large amount of work the oil service
industry for several decades to come," says Eriksen.

Aker Solutions has also taking steps to strengthen the company's organisation in
other growth regions, including the US and Brazil.

"We have recently appointed two highly experienced industry professionals in
roles as regional managers for North America and Brazil respectively. They will
coordinate our presence and develop a joint strategy for Aker Solutions in their
region. The aim to build up a strong regional presence to capture the growth
opportunities we see coming," adds Eriksen.

The full third quarter report and presentation can be downloaded from
www.akersolutions.com and the links to the right.

ENDS

For further information, please contact:

Media:
Geir Arne Drangeid, EVP Communications, Aker Solutions. Tel: +47 67 51 30 36,
Mob: +47 91310458

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39,
Mob: +47 911 37 194
Astrid Thommesen Sæbø, VP Investor Relations, Aker Solutions. Tel:
+47 22 94 63 37, Mob: +47 48 17 00 35

Suppliers:
For further information about sourcing and potential subcontracts for this
project, please visit www.akersolutions.com/suppliers

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 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 35 billion and employs
approximately 18 000 people in about 30 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.



3rd quarter report 2011:
http://hugin.info/77/R/1560386/482744.pdf

3rd quarter presentation 2011:
http://hugin.info/77/R/1560386/482765.pdf




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Source: Aker Solutions ASA via Thomson Reuters ONE

[HUG#1560386]


Unternehmen: Aker Solutions ASA - ISIN: NO0010215684