Financials Aker Solutions ASA

Equities

AKSO

NO0010716582

Oil Related Services and Equipment

Real-time Oslo Bors Other stock markets 04:10:23 2026-02-09 am EST			5-day change	1st Jan Change
37.22 ^NOK	-2.05%		+5.56%	+20.44%

02:32am	SB1 Markets Raises Target Price for Aker Solutions to 35 Norwegian Kroner (29), Reiterates Neutral Rating	FW
01:11am	SEB Raises Price Target for Aker Solutions to 40 Norwegian Kroner (38), Reiterates Hold	FW

Projected Income Statement: Aker Solutions ASA

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	29,396	29,473	41,417	36,262	53,201	63,202	46,568	41,348
Change	-	0.26%	40.53%	-12.45%	46.71%	18.8%	-26.32%	-11.21%
EBITDA ¹	1,236	1,871	3,022	1,295	4,632	5,284	4,096	3,439
Change	-	51.38%	61.52%	-57.15%	257.68%	14.08%	-22.48%	-16.05%
EBIT ¹	-51	775	1,923	611	3,474	3,832	2,843	2,232
Change	-	1,619.61%	148.13%	-68.23%	468.58%	10.31%	-25.82%	-21.49%
Interest Paid ¹	-401	-141	-168	-126	145	-259.7	-72.67	-56.67
Earnings before Tax (EBT) ¹	-1,314	520	1,715	95	3,349	3,202	2,821	2,112
Change	-	139.57%	229.81%	-94.46%	3,425.26%	-4.39%	-11.9%	-25.14%
Net income ¹	-1,520	254	1,170	11,704	2,656	2,547	2,188	1,725
Change	-	116.71%	360.63%	900.34%	-77.31%	-4.1%	-14.1%	-21.14%
Announcement Date	2/15/21	2/8/22	2/8/23	2/8/24	2/11/25	2/6/26	-	-

¹NOK in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	6,875	6,470	7,020	7,314	8,668	8,291	10,635	10,000	12,456	11,495	14,246	14,262	11,066	11,481	12,826	13,184	15,710	14,389	15,155	16,983	16,674	13,276	11,973	10,818	10,023
Change	-	-5.89%	8.5%	4.19%	18.51%	-4.35%	28.27%	-5.97%	24.56%	-7.72%	23.93%	0.11%	-22.41%	3.75%	11.72%	2.79%	19.16%	-8.41%	5.32%	12.06%	-1.82%	-20.38%	-9.81%	-9.65%	-7.35%
EBITDA ¹	121	427	392	459	593	583	691	749	999	906	1,167	1,511	615	987	1,216	1,208	1,221	1,213	1,259	1,490	1,322	1,079	1,117	1,067	817
Change	-	252.89%	-8.2%	17.09%	29.19%	-1.69%	18.52%	8.39%	33.38%	-9.31%	28.81%	29.48%	-59.3%	60.49%	23.2%	-0.66%	1.08%	-0.66%	3.79%	18.35%	-11.28%	-18.38%	3.52%	-4.48%	-23.43%
EBIT ¹	-182	168	126	178	303	316	418	476	712	622	867	1,221	393	723	959	904	888	864	901	1,127	940	715	752	703	452
Change	-	192.31%	-25%	41.27%	70.22%	4.29%	32.28%	13.88%	49.58%	-12.64%	39.39%	40.83%	-67.81%	83.97%	32.64%	-5.74%	-1.77%	-2.7%	4.28%	25.08%	-16.59%	-23.94%	5.17%	-6.52%	-35.7%
Charge d'intérêts ¹	-112	47	-73	-67	-61	-67	-57	-27	-16	3	-	-27	-104	83	49	22	-9	-8	-30	-33	-24	-17	-10	-19	-12
Earnings before Tax (EBT) ¹	-842	206	37	111	166	281	420	450	564	558	732	1,100	-14	1,123	668	712	846	840	380	1,080	902	698	741	684	441
Change	-	124.47%	-82.04%	200%	49.55%	69.28%	49.47%	7.14%	25.33%	-1.06%	31.18%	50.27%	-101.27%	8,121.43%	-40.52%	6.59%	18.82%	-0.71%	-54.76%	184.21%	-16.48%	-22.62%	6.16%	-7.69%	-35.53%
Net income ¹	-844	27	61	104	62	164	276	285	435	390	528	810	9,869	890	535	570	661	664	311	872	699	563	594	557	382
Change	-	103.2%	125.93%	70.49%	-40.38%	164.52%	68.29%	3.26%	52.63%	-10.34%	35.38%	53.41%	1,118.4%	-90.98%	-39.89%	6.54%	15.96%	0.45%	-53.16%	180.39%	-19.84%	-19.46%	5.51%	-6.23%	-31.42%
Announcement Date	2/15/21	5/5/21	7/15/21	10/26/21	2/8/22	5/3/22	7/14/22	10/25/22	2/8/23	5/4/23	7/13/23	10/30/23	2/8/24	4/25/24	7/12/24	10/30/24	2/11/25	4/30/25	7/11/25	10/31/25	2/6/26	-	-	-	-

¹NOK in Million

Estimates

Forecast Balance Sheet: Aker Solutions ASA

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-456	2,547	-735	-2,463	485	-153	591	-196
Change	-	658.55%	-128.86%	-235.1%	119.69%	-131.55%	486.27%	-133.16%
Announcement Date	2/15/21	2/8/22	2/8/23	2/8/24	2/11/25	2/6/26	-	-

¹NOK in Million

Estimates

Cash Flow Forecast: Aker Solutions ASA

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	431	362	620	2,221	1,447	530.8	597.6	539.8
Change	-	-16.01%	71.27%	258.23%	-34.85%	-63.32%	12.6%	-9.67%
Free Cash Flow (FCF) ¹	70	2,437	4,042	2,069	1,660	2,246	1,667	2,178
Change	-	3,381.43%	65.86%	-48.81%	-19.77%	35.33%	-25.81%	30.7%
Announcement Date	2/15/21	2/8/22	2/8/23	2/8/24	2/11/25	-	-	-

¹NOK in Million

Estimates

Forecast Financial Ratios: Aker Solutions ASA

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	4.2%	6.35%	7.3%	3.57%	8.71%	8.36%	8.8%	8.32%
EBIT Margin (%)	-0.17%	2.63%	4.64%	1.68%	6.53%	6.06%	6.1%	5.4%
EBT Margin (%)	-4.47%	1.76%	4.14%	0.26%	6.29%	5.07%	6.06%	5.11%
Net margin (%)	-5.17%	0.86%	2.82%	32.28%	4.99%	4.03%	4.7%	4.17%
FCF margin (%)	0.24%	8.27%	9.76%	5.71%	3.12%	3.62%	3.58%	5.27%
FCF / Net Income (%)	-4.61%	959.45%	345.47%	17.68%	62.5%	82.47%	76.18%	126.28%
Profitability
ROA	-2.41%	0.73%	3.78%	6.51%	6.86%	8.48%	6.46%	5.5%
ROE	-8.64%	3.99%	13.7%	17.08%	17.5%	24.16%	18.22%	12.98%
Financial Health
Leverage (Debt/EBITDA)	-	1.36x	-	-	0.1x	-	0.14x	-
Debt / Free cash flow	-	1.05x	-	-	0.29x	-	0.35x	-
Capital Intensity
CAPEX / Current Assets (%)	1.47%	1.23%	1.5%	6.12%	2.72%	0.85%	1.28%	1.31%
CAPEX / EBITDA (%)	34.87%	19.35%	20.52%	171.51%	31.24%	10%	14.59%	15.7%
CAPEX / FCF (%)	615.71%	14.85%	15.34%	107.35%	87.17%	23.63%	35.85%	24.78%
Items per share
Cash flow per share ¹	1.018	5.729	9.279	12.72	6.447	2.647	4.051	3.853
Change	-	462.66%	61.97%	37.04%	-49.3%	-58.95%	53.07%	-4.89%
Dividend per Share ¹	-	0.2	1	2	3.3	3.287	2.636	2.143
Change	-	-	400%	100%	65%	-0.39%	-19.81%	-18.72%
Book Value Per Share ¹	15.99	16.03	18.99	39.24	23.39	23.76	25.79	27.12
Change	-	0.24%	18.42%	106.71%	-40.41%	1.61%	8.54%	5.16%
EPS ¹	-3.13	0.52	2.42	23.94	5.51	5.28	4.543	3.58
Change	-	116.61%	365.38%	889.26%	-76.98%	-4.17%	-19.68%	-21.2%
Nbr of stocks (in thousands)	492,065	485,631	488,338	489,698	479,324	485,252	485,252	485,252
Announcement Date	2/15/21	2/8/22	2/8/23	2/8/24	2/11/25	2/6/26	-	-