Norway's Aker Solutions Q1 order intake rises

Aker Solutions ASA

30/04/2026 06:23

Overview

Norway energy engineering firm's Q1 revenue declined yr/yr

Company reported Q1 EBITDA at NOK 1.2 bln, margin at 8.6%

Company paid NOK 8.60 per share in ordinary and extraordinary dividends after SLB share sale

Outlook

Aker Solutions expects 2026 revenue to be around NOK 50 bln

Company sees 2026 underlying EBITDA margin at 7.0-7.5%, excluding net income from SLB OneSubsea

Aker Solutions cites solid backlog and increasing tender pipeline as supporting future opportunities

Result Drivers

ORDER INTAKE - Q1 order intake of NOK 28.8 bln mainly driven by long-term frame agreements in Norway for maintenance and modification services for Equinor and Aker BP

REVENUE NORMALIZATION - Co said revenues are normalizing from peak 2025 levels, contributing to yr/yr decline

MAJOR PROJECTS ON TRACK - Major projects continue to progress according to plan, per CEO Kjetel Digre

Company press release: ID:nWkr3jlhNn

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
NOK 13.40 bln
NOK 14.33 bln (2 Analysts)
Q1 EPS
NOK 1.31
Q1 EBITDA
NOK 1.20 bln
NOK 1.19 bln (2 Analysts)
Q1 EBITDA Margin
8.60%
Q1 Order Backlog
NOK 80.20 bln
Q1 Orders
NOK 28.80 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 4 "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 NOK37.50, about 8% below its April 29 closing price of NOK40.74

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 three months ago

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.)