1Q, 2024 Financial Highlights
(all figures excluding special items)
- Revenue
NOK 11.5 billion -
EBITDA
NOK 987 million - EBITDA margin 8.6 percent
-
Earnings per share
NOK 1 .40 -
Order intake
NOK 7.0 billion (0.6 times book-to-bill) -
Order backlog
NOK 68.7 billion
"We continue to see growth in revenues and profitability as we make good progress on our project portfolio. This highlights the strength of our project execution model, and I am pleased with the overall performance in the quarter", said Kjetel Digre, Chief Executive Officer of Aker Solutions.
Key developments
Revenue in the first quarter increased to
Order intake for the quarter ended at
Including financial investments in liquid funds, not treated as cash under IFRS, the net cash position was NOK 9.4 billion at the end of the quarter.
Outlook and financial guiding
The outlook remains positive for
Based on the secured backlog and market activity, full year revenue in 2024 is now expected to increase about 30 percent compared to 2023. The underlying EBITDA margin, excluding net income from OneSubsea, is expected to be in the 6-7 percent range for the full year of 2024.
ENDS
Preben Ørbeck
investor relations
preben.orbeck@akersolutions.com
+47 470 10 611
media contact
hallvard.norum@akersolutions.com
+47 913 80 820
Visit akersolutions.com and connect with us on Facebook, Instagram, LinkedIn and YouTube.
This press release may include forward-looking information or statements and is subject to our disclaimer, see https://akersolutions.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
This
https://news.cision.com/aker-solutions-asa/r/aker-solutions-asa-first-quarter-results-2024--aker-solutions-delivers-a-solid-first-quarter,c3967366
https://mb.cision.com/Public/18353/3967366/9be8f4a0d4cc07ce.pdf
(c) 2024 Cision. All rights reserved., source