2Q 2023 Financial Highlights
(excluding special items)
- Revenue
NOK 14.2 billion -
EBITDA
NOK 1.2 billion - EBITDA margin 8.2 percent
-
Earnings per share
NOK 1.14 -
Net cash position
NOK 7.7 billion -
Order intake
NOK 12.3 billion (0.9x book-to-bill) -
Order backlog
NOK 97.7 billion
1H 2023 Financial Highlights
(excluding special items)
- Revenue
NOK 25.6 billion -
EBITDA
NOK 2.1 billion - EBITDA margin 8.1 percent
-
Earnings per share
NOK 2.07 -
Order intake
NOK 24.8 billion (1.0x book-to-bill)
"Our second-quarter results demonstrate that we continue to be on-track with our financial targets, and I am pleased with our overall results for the quarter. As we look ahead to the rest of 2023, we are on a path to full-year revenue growth of about 30 percent, with increased earnings," said Kjetel Digre, chief executive officer of
"The overall market outlook remains positive despite industry cost inflation and supply chain constraints. Our newly reorganized company has sharpened its focus on digitalization and strengthened our ability to deliver solutions to both conventional and future energy markets," said Digre.
Key Developments
Revenue in the second quarter increased to
Solid operational performance and improved working capital resulted in strong cash generation. At the end of the quarter, the net cash position was NOK 7.7 billion.
During the first half of 2023,
Digitalization is a key focus area for the company. With the launch of the
The
Outlook
The outlook remains positive for
Moving forward, market activity is expected to increase across the energy sector. Oil and gas supply from reliable sources will be constrained, driving the need for additional investments. Global ambitions for renewables energy production and emission reductions will lead to increased activity across the industry for decades to come. This supports
Overall,
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, Twitter 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 considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
This
https://news.cision.com/aker-solutions-asa/r/aker-solutions-asa-second-quarter-and-half-year-results-2023,c3804268
https://mb.cision.com/Public/18353/3804268/9104c1d69f5b0601.pdf
https://mb.cision.com/Public/18353/3804268/8e11d338825ec4c4.pdf
(c) 2023 Cision. All rights reserved., source