Norway · Delayed Price · Currency is NOK Aker Solutions ASA Earnings Call Transcripts
Fiscal Year 2026
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Q2 saw solid financials with NOK 13.1B revenue and 9.2% EBITDA margin, strong dividends, and operational progress on major projects. 2026 guidance was raised, with robust backlogs and new contracts in CCS, hydropower, and SMR. Tender pipeline remains strong but is now more oil and gas weighted.
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Q1 2026 saw normalized revenues, strong order intake, and robust cash position, with new long-term contracts boosting backlog and expansion into emerging markets like data centers and SMRs. Dividend payouts were significant, and guidance for 2026 remains positive.
Fiscal Year 2025
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Record-high revenues and strong margins were achieved, with robust cash generation and a solid order backlog. Dividends increased, and the outlook anticipates lower revenues in 2026 but continued profitability, supported by long-term contracts and a strong subsea market.
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Q3 revenue rose 29% YoY to NOK 17 billion, with strong EBITDA margin and robust cash position. 2025 revenues are expected to exceed NOK 60 billion, but activity and revenue are forecasted to decline in 2026. Renewables, oil & gas, and subsea segments all showed growth.
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Q2 revenue grew 18-20% year-over-year to NOK 15.2 billion, with strong lifecycle segment growth and robust margins. Legacy lump sum projects continue to challenge margins, but a solid backlog and stable tender pipeline support positive 2025 guidance.
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Revenue grew 25% year-over-year to NOK 14.4 billion, with strong order intake and robust cash flow. Legacy renewables projects continue to weigh on margins, but a solid backlog and high tender activity support positive 2025 guidance.
Fiscal Year 2024
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Revenue grew 47% year-over-year to NOK 53.2 billion in 2024, with EBITDA margin at 8.7%. Order backlog remains strong at NOK 61 billion, and 2025 revenue is guided at NOK 50–55 billion with a 7–7.5% EBITDA margin. Over NOK 11.5 billion was distributed to shareholders.
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Q3 saw 45% revenue growth and strong EBITDA, driven by robust project execution and operational milestones. An extraordinary NOK 10 billion dividend will be paid, with 2024 revenues expected to rise over 40% and margins supported by a solid backlog.
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Q2 revenue surged 45% YoY to NOK 12.8 billion, with a 9.5% EBITDA margin and robust order intake. 2024 revenue is expected to grow 40% with a 7.5% EBITDA margin, supported by a NOK 71.4 billion backlog and strong project execution.