Q2 2025 Aker Solutions ASA Earnings Call Transcript
Key Points
- Aker Solutions ASA (AKRTF) reported a 20% increase in revenue for the second quarter, reaching NOK15.2 billion.
- The company achieved an EBITDA margin of 8.3% for the quarter, with the life cycle segment showing a 30% growth and improved margins.
- Aker Solutions ASA (AKRTF) celebrated the successful capture of CO2 at Heidelberg's cement plant in Brevik, marking a significant achievement in the CCS market.
- The company is leveraging new technologies, such as autonomous drones for offshore inspections, to improve efficiency and reduce costs.
- Aker Solutions ASA (AKRTF) has a robust financial position with a net cash position of NOK2.1 billion and a substantial order backlog for execution in 2025 and beyond.
- The legacy lump sum projects continue to negatively impact margins in the renewables and field development segment.
- The order intake for the quarter was lower than expected, with a book-to-bill ratio of 0.7 times.
- The company faces ongoing commercial challenges with legacy projects, which are expected to be resolved in the second half of 2025.
- There is a need for the entire industry to work together to reduce costs across the CCS value chain, which remains a challenge.
- The volatility in oil prices has not led to significant changes in client attitudes, but there is an ongoing pressure to improve efficiency and collaboration.
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. Joining 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 2025. 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 leave the floor to Kjetel Digre.
Thank you, Preben, and welcome to everyone tuning in. 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. The second quarter revenue was NOK15.2 billion, which is a growth of about 20% compared with the same period last year.
And the EBITDA margin for the
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