Q2 2026 Aker Solutions ASA Earnings Call Transcript
Key Points
- Aker Solutions ASA (AKRTF) reported strong financial results with a second quarter revenue of NOK13.1 billion and an EBITDA margin of 9.2%.
- The company paid substantial cash dividends of NOK4.2 billion, reflecting a commitment to shareholder returns.
- Aker Solutions ASA (AKRTF) secured a long-term frame agreement with Cenovus in Canada, enhancing its life cycle segment.
- The company is actively expanding into new industry verticals such as carbon capture and storage, hydropower, and small modular reactors.
- Aker Solutions ASA (AKRTF) has a robust tender pipeline of about NOK77 billion, indicating future growth opportunities.
- Second quarter revenue decreased by about 14% compared to the same period last year.
- Operational cash flow was negative NOK195 million, impacted by a working capital reversal.
- The tender pipeline saw a reduction due to the loss of an offshore wind project in Europe.
- The company faces challenges in legacy projects, with ongoing commercial dialogues and provisions taken in the first quarter.
- The transition from onshore to offshore activities in the second half of 2026 may pose operational challenges.
Good morning, and welcome to Aker Solutions presentation of our second quarter and half year 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 and the first half of 2026. After the presentation, we have time for questions.
Those of you who are following the webcast can submit your questions via the online platform. And with that, I give the floor to Kjetel Digre.
Thank you, Preben, and welcome to everyone tuning in this morning. As always, let me start the presentation with the main messages for today. First and foremost, I'm pleased to see that we continue to deliver solid financial results following the peak activity period in 2025. The second quarter revenue was NOK13.1 billion with an EBITDA margin of 9.2% or 7.9% excluding net profit from SLB OneSubsea. Strong results
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