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AKER SOLTNS ASA UNSP/ADR - AKRYY STOCK NEWS

Welcome to our dedicated news page for AKER SOLTNS ASA UNSP/ADR (Ticker: AKRYY), a resource for investors and traders seeking the latest updates and insights on AKER SOLTNS ASA UNSP/ADR.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AKER SOLTNS ASA UNSP/ADR's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Aker Solutions ASA reported strong revenue growth and improved profitability in the first quarter of 2024 compared to the same period last year. The company achieved revenue of NOK 11.5 billion, EBITDA of NOK 987 million, and an EBITDA margin of 8.6 percent. Order intake was NOK 7.0 billion with an order backlog of NOK 68.7 billion. The CEO highlighted solid operational performance and project execution. The outlook is positive with a high order backlog and expected revenue increase for 2024.
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Aker Solutions releases its annual report, remuneration report, and corporate governance report for 2023, correcting a file name error in the financial statements published in ESEF format. Contact information provided for investor and media inquiries.
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Aker Solutions releases its annual report, remuneration report, and corporate governance report for 2023, along with financial statements in ESEF format. The reports are accessible on their website.
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Aker Solutions achieved solid financial performance in Q4 2023 and full-year 2023, with increasing revenue and margins. The company expects revenue to be up by around 15 percent in 2024 from 2023, and plans to pay dividends of NOK 2.00 per share for 2023 and implement a share buyback program of up to NOK 500 million for 2024. The company secured orders worth NOK 14.6 billion in Q4, and the total order intake for 2023 was NOK 35.3 billion. The secured backlog at the end of the year was NOK 72.7 billion, dominated by projects under the well-proven alliance model with Aker BP. The company also closed the transaction to form the OneSubsea joint venture in early October 2023, which reported revenues in Q4 of NOK 10.7 billion with an EBITDA margin of 19 percent. The outlook remains positive, with anticipated increased market activity and continued high demand for its services and solutions across the energy market.
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Aker Solutions delivered a strong quarter with growth in revenues, margins, and cash generation. The company announced the final closing of the OneSubsea joint venture, receiving USD 700 million and retaining a 20 percent ownership. Financial highlights include revenue of NOK 14.3 billion, EBITDA of NOK 1.5 billion, EBITDA margin of 10.6 percent, earnings per share of NOK 2.04, net cash position of NOK 7.4 billion, order intake of NOK 6.8 billion, and order backlog of NOK 90.0 billion.
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AKER SOLTNS ASA UNSP/ADR

OTC:AKRYY

AKRYY Rankings

AKRYY Stock Data

1.56B
76.81M
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
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