Investing.com
Published Feb 08, 2024 15:04
4Q 2023 Financial Highlights
(excluding special items)
2023 Full-Year Financial Highlights
(excluding special items)
"We achieved solid revenue growth and improved profitability in the fourth quarter, and I am pleased with our overall results. We continue delivering good progress on our project portfolio while positioning the company for the future," said Kjetel Digre, chief executive officer of Aker Solutions.
"The market outlook for the energy sector remains positive. With our wide range of offerings within oil and gas, carbon capture and storage, and offshore wind, we have a strong position to seize opportunities across the energy market. It is also encouraging to see the rapidly growing demand for our energy consultancy services," said Digre.
Key developments
In the fourth quarter, revenue increased to
Aker Solutions secured orders worth
The transaction to form the OneSubsea joint venture was closed in early
Capital Allocation and Dividend
Based on Aker Solutions' financial position and positive outlook, the Board of Directors will propose a dividend of
Financial robustness remains a core priority for the company going forward. To ensure a more right-sized capital structure for its operational segments, Aker Solutions will implement a new structure with a fully owned entity responsible for managing financial assets and industrial holdings.
Outlook
The outlook remains positive for Aker Solutions, with anticipated increased market activity and continued high demand for its services and solutions across the energy market. The tender pipeline at the end of the year was
Based on secured order backlog and ongoing projects, the company expects full-year revenue in 2024 to be up by around 15 percent. EBITDA margins are expected to pick-up significantly in 2024, as the large oil and gas projects reach profit recognition milestones.
CONTACT:
Preben Ørbeck
investor relations
preben.orbeck@akersolutions.com
+47 470 10 611
media contact
hallvard.norum@akersolutions.com
+47 913 80 820
The following files are available for download:
https://mb.cision.com/Public/18353/3924609/ad41ce161bc1ef50.pdf | 4Q-2023-Presentation |
View original content:https://www.prnewswire.com/news-releases/aker-solutions-asa-fourth-quarter-results-2023--solid-performance-positioning-for-long-term-profitable-growth-302057126.html
SOURCE Aker Solutions ASA
Written By: Investing.com
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