Aker Solutions Report Growth in All Segments

Press Release
Tuesday, August 14, 2012

Aker Solutions ASA: Second quarter results 2012.

Aker Solutions' operating revenues were NOK 11.9 billion in the second quarter and NOK 21.7 billion for the first six months of 2012. The latter is 33 per cent higher that the same period in 2011. Earnings before interest, tax, depreciation and amortisation (EBITDA), excluding non-recurring items, amounted to NOK 1 192 million with an adjusted margin of 10.0 per cent.

Including non-recurring items, which includes a NOK 165 million gain related to sale of real estate, EBITDA for the quarter was at NOK 1 357 million.
 
"We are pleased to see revenue and margin growth in almost all business segments. This is a reflection of continued improved operational performance in a strong global oil and gas market," says Øyvind Eriksen, executive chairman in Aker Solutions.

Order intake in the quarter was NOK 23.0 billion, bringing the order backlog to NOK 54.1 billion, an increase of 31 per cent from the beginning of the year. The biggest contract signed in the second quarter is the NOK 11 billion contract to provide well intervention services to Statoil from a newbuild Cat B intervention rig for eight years starting in 2015.
 
Aker Solutions has announced significant acquisitions and investments in the second quarter. The company targets the Middle East and North Africa through the USD 460 million acquisition of NPS Energy. Capacity in the drilling technologies business will be increased significantly through a new USD 100 million service site in Brazil, and a new USD 60 million manufacturing facility for subsea umbilicals will be built in Malaysia.

"The oil and gas market is buoyant and tendering activity remains high. We are making these and several other investments to support our customers and capitalise on the opportunities available," Eriksen says.
 

 




 

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Matson Announces Quarterly Dividend

Matson, Inc. declared a first quarter dividend of $0.17 per common share, the company’s board of directors announced. The dividend will be paid on March 5, 2015

Hogan Named VP at Newport News Shipbuilding

Rob Hogan has been appointed vice president of manufacturing at the Newport News Shipbuilding division of Huntington Ingalls Industries (HII), the company announced.

Kongsberg Expands Louisiana Office, Training Facility

Kongsberg Maritime has purchased approximately 5.2 acres for new construction on an 82,980 sq ft office and training facility. Construction on the James Business

Finance

Matson Announces Quarterly Dividend

Matson, Inc. declared a first quarter dividend of $0.17 per common share, the company’s board of directors announced. The dividend will be paid on March 5, 2015

Kirby Reports Record Earnings

Kirby Corporation announced record net earnings of $68.1 million, or $1.19 per share, for the fourth quarter 2014 (ended December 31). The results bested 2013’s fourth quarter figures of $64.

Baltic Sea Freight Index Falls to Lowest Level Since 1986

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, spiralled downwards to its lowest level in nearly three

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pod Propulsion Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1411 sec (7 req/sec)