Q1 2026 Aker Solutions ASA Earnings Call Transcript

Apr 30, 2026 / 07:00AM GMT

Release Date Price: $8.72

Transcript

Key Points

Positve

Aker Solutions ASA (AKRTF) reported solid financial results with a robust financial position, including a net cash position of more than $600 million at the quarter end.
The company secured several important long-term frame agreements in the first quarter, enhancing its project portfolio and future revenue streams.
Aker Solutions ASA (AKRTF) increased its guidance for the full year, expecting revenues to be around EUR50 billion with stable underlying margins.
The company is actively positioning itself in emerging markets such as data centers and small modular reactors, indicating strategic growth initiatives.
Aker Solutions ASA (AKRTF) received a quarterly dividend of NOK137 million from SLB OneSubsea, reflecting a strong dividend policy and shareholder returns.

Negative

First quarter revenue was down 7% from the same period last year, reflecting a normalization of activity levels.
The company experienced a tragic fatal accident at its decommissioning site, highlighting ongoing safety challenges.
Geopolitical tensions in the Middle East led to the evacuation of non-critical personnel from Dubai, potentially impacting project timelines.
The first quarter revenue for the Renewable and Field Development segment fell to NOK9.6 billion, mainly due to lower subcontracting volumes.
Working capital is expected to normalize over the next quarters, indicating potential cash flow adjustments.

Preben Orbeck

Aker Solutions ASA - Head of Investor Relations

Good morning and welcome to Aker Solutions' presentation of our first quarter results. My name is Preben Orbeck and I'm the Head of Investor Relations. With me today is our CEO, Kjetel Digre; and our CFO, Idar Eikrem. They will take you through the main developments of the quarter. (Operator Instructions)

And with that, I leave the floor to Kjetel Digre.

Kjetel Digre

Aker Solutions ASA - President, Chief Executive Officer

Thank you, Preben, and welcome to everyone tuning in. As usual, let me start the presentation with the main messages for today. Firstly, we continue to deliver solid financial results. As our revenues normalized from peak levels in 2025. A key priority in 2026 is to secure new orders, and I'm happy to report that Aker Solutions also awarded several important long-term frame agreements in the first quarter.

And our financial position remains highly robust. Mid-April, the Annual General Meeting approved the payment of NOK8.6 per share of ordinary and

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