Aker Solutions ASA (LTS:0QXP)

Q1 2025 Aker Solutions ASA Earnings Call Transcript

Apr 30, 2025 / 07:00AM GMT

Release Date Price: kr27.83 (+0.36%)

Transcript

Key Points

Positve

Aker Solutions ASA (AKRYY) reported a 25% increase in first-quarter revenue, reaching NOK14.4 billion, with an EBITDA margin of 8.4%.
The company signed new orders worth NOK25.6 billion, primarily from Offshore Wind and CCS projects.
Aker Solutions ASA (AKRYY) announced a cash dividend of NOK3.3 per share, reflecting a commitment to shareholder distribution.
The company has a robust net cash position of NOK3.4 billion, indicating strong financial health.
OneSubsea, a part of Aker Solutions ASA (AKRYY), delivered an impressive EBITDA margin of over 20% in the first quarter.

Negative

Legacy renewable projects continue to be operationally and commercially challenging, impacting margins negatively.
The tender pipeline, although high at NOK85 billion, shows a trend of increasing oil and gas share, which may pose risks amid energy transition.
Geopolitical uncertainties, particularly tariffs and trade restrictions, could impact the supply chain and customer investment decisions.
The company expects lower activity levels in 2026, which may affect future revenue and margins.
Ongoing commercial discussions with clients and subcontractors for legacy wind projects may not resolve until 2025, indicating potential delays.

Preben Orbeck

Aker Solutions ASA - Head of Investor Relations

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

After the presentation, as always, 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 leave the word to Kjetel Digre.

Kjetel Digre

Aker Solutions ASA - President, Chief Executive Officer

Thank you, Preben, and welcome to everyone tuning in. Let me start our presentation with the main messages for today.

First and foremost, I'm happy to see that, we continue to deliver solid financial results. The first quarter revenue was NOK14.4 billion, a 25% growth from the same period last year with an EBITDA margin of 8.4%. I'm also pleased to see the financial performance of OneSubsea, delivering EBITDA

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