Aker Solutions Stock Price, News & Analysis

Aker Solutions has released its comprehensive reports for 2022, including the annual report, sustainability report, remuneration report, and corporate governance report. These documents, now available for download, include detailed insights into the company's financial performance and governance practices. The reports can be accessed directly on their website. The company has also published its annual financial statements in the European Single Electronic Format (ESEF), consolidating its commitment to transparency and regulatory compliance.

Aker Solutions reported strong financial results for Q4 and full-year 2022, showcasing significant revenue growth and record order intake. Q4 revenue surged to NOK 12.5 billion, with an EBITDA of NOK 999 million and an EBITDA margin of 8.0%. Full-year revenue reached NOK 41.4 billion, a 41% increase from 2021. The company secured a record order intake of NOK 59.3 billion in Q4, contributing to a backlog of NOK 97.3 billion. Aker Solutions forecasts a 15% revenue increase in 2023 and proposes a dividend of NOK 1.00 per share.

Aker Solutions has secured a five-year frame agreement with Petrobras to supply subsea production systems and lifecycle services for Petrobras-operated fields in Brazil. Estimated order intake could reach between NOK 1.5 billion and NOK 2.5 billion for significant contracts and NOK 2.5 billion to NOK 4.0 billion for substantial contracts. The agreement aims for over 50% local content and emphasizes safe, sustainable operations. Aker Solutions has been active in Brazil for over four decades, reinforcing its commitment to local partnerships and digital solutions.

Aker Solutions reported strong financial performance in Q3 2022, with revenue reaching NOK 10.0 billion, up from NOK 7.3 billion year-over-year. EBITDA increased to NOK 749 million with a margin of 7.5%. Earnings per share stood at NOK 0.58 and net cash position was NOK 3.5 billion. The company announced a joint venture with Schlumberger, receiving USD 700 million for a 20% ownership stake. Aker Solutions expects full-year revenue to rise by more than 35% from 2021, driven by strong tendering activity and market demand.

Aker Solutions ASA, Schlumberger, and Subsea 7 announced a Joint Venture to enhance subsea production economics. Following the deal, ownership will stand at Schlumberger (70%), Aker Solutions (20%), and Subsea 7 (10%). Aker Solutions will receive USD 700 million from the sale of a 20% stake, split between stock and cash. The transaction is poised for completion in H2 2023, with an estimated synergy potential of over USD 100 million annually. Aker Solutions expects NOK 38 billion in revenues for 2022, with NOK 13 billion from the subsea segment.

Aker Solutions reported significant financial growth in Q2 2022, with revenue rising to NOK 10.6 billion, up from NOK 7.0 billion a year prior. The company’s EBITDA reached NOK 691 million and it maintained a strong cash position of NOK 3.1 billion. The order intake was NOK 13.6 billion, suggesting a 1.3x book-to-bill ratio. Aker Solutions raised its revenue guidance, now projecting a 30% increase for the full year compared to 2021. Despite market challenges, the outlook remains positive, driven by high tender activity and a favorable oil and gas pricing backdrop.