Norway's Aker Solutions Q3 revenue and EBITDA miss analyst estimates

Aker Solutions ASA

28/10/2026 06:09

Overview
Norway energy solutions provider's Q3 revenue and EBITDA both missed analyst expectations
Order backlog at end of Q3 stood at NOK 69.3 bln
Company forecasts 2026 revenue of NOK 53-55 bln, with lower revenue expected in 2027

Outlook
Aker Solutions sees 2026 revenue between NOK 53 bln and NOK 55 bln
Company expects 2026 EBITDA margin of 7.5% to 8.0% excluding SLB OneSubsea
Aker Solutions sees 2027 revenue falling to NOK 35 bln to NOK 40 bln

Result Drivers
PROJECT MILESTONES - Co said meeting key project milestones contributed to Q3 performance, per CEO Paal Eikeseth
LIFE CYCLE SEGMENT - Strong operational performance in Life Cycle segment supported results
DIGITAL TRANSFORMATION - Co said ongoing digitalization and standardization efforts are improving efficiency

Company press release: ID:nWkrbkhWfk

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
NOK 13.50 bln
NOK 14.37 bln (4 Analysts)
Q3 EPS
 
NOK 1.45
 
Q3 EBITDA
Miss
NOK 1.30 bln
NOK 1.32 bln (4 Analysts)
Q3 EBITDA Margin
 
9.60%
 
Q3 Order Backlog
 
NOK 69.30 bln
 
Q3 Orders
 
NOK 5.40 bln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the oil related services and equipment peer group is "buy."
Wall Street's median 12-month price target for Aker Solutions ASA is NOK40.00, about 4.8% above its October 27 closing price of NOK38.16
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)