Aker Solutions ASA: Third-Quarter Results 2024
Aker Solutions reported strong Q3 2024 results with revenue increasing to NOK 13.2 billion from NOK 9.1 billion year-over-year. EBITDA reached NOK 1.2 billion with a 9.2% margin. The company maintains a robust net cash position of NOK 11.7 billion and secured order backlog of NOK 64.7 billion. Based on strong performance, the Board proposed an extraordinary dividend of NOK 21 per share. Full-year 2024 revenue is expected to grow by over 40% compared to 2023, with EBITDA margins around 7.5% excluding OneSubsea income.
Aker Solutions ha riportato risultati solidi per il terzo trimestre del 2024, con un fatturato che è aumentato a NOK 13,2 miliardi rispetto a NOK 9,1 miliardi nell'anno precedente. L'EBITDA ha raggiunto NOK 1,2 miliardi con un margine del 9,2%. L'azienda mantiene una solida posizione di liquidità netta di NOK 11,7 miliardi e un portafoglio ordini assicurato di NOK 64,7 miliardi. In base alle forti prestazioni, il Consiglio ha proposto un dividendo straordinario di NOK 21 per azione. Si prevede che il fatturato dell'intero anno 2024 crescerà di oltre il 40% rispetto al 2023, con margini EBITDA intorno al 7,5% escludendo i ricavi di OneSubsea.
Aker Solutions reportó resultados sólidos en el tercer trimestre de 2024, con ingresos que aumentaron a NOK 13,2 mil millones desde NOK 9,1 mil millones en comparación con el año anterior. El EBITDA alcanzó NOK 1,2 mil millones con un margen del 9,2%. La empresa mantiene una sólida posición de caja neta de NOK 11,7 mil millones y un backlog de pedidos asegurado de NOK 64,7 mil millones. Basado en el sólido desempeño, la Junta propuso un dividendo extraordinario de NOK 21 por acción. Se espera que los ingresos anuales de 2024 crezcan más del 40% en comparación con 2023, con márgenes de EBITDA alrededor del 7,5% excluyendo los ingresos de OneSubsea.
Aker Solutions는 2024년 3분기 실적이 강력하다고 보고했으며, 수익은 작년 대비 NOK 9.1억에서 NOK 13.2억으로 증가했습니다. EBITDA는 NOK 1.2억에 도달하였고, 9.2%의 마진을 기록했습니다. 이 회사는 NOK 11.7억의 견고한 순현금 위치를 유지하고 있으며, NOK 64.7억의 확보된 주문 대기 목록을 가지고 있습니다. 강력한 성과를 바탕으로 이사회는 주당 NOK 21의 특별 배당금을 제안했습니다. 2024년 전체 연도 수익은 2023년 대비 40% 이상 성장할 것으로 예상되며, OneSubsea 소득을 제외한 EBITDA 마진은 약 7.5%입니다.
Aker Solutions a rapporté de solides résultats pour le troisième trimestre 2024, avec des revenus passant de NOK 9,1 milliards à NOK 13,2 milliards par rapport à l'année précédente. L'EBITDA a atteint NOK 1,2 milliard avec une marge de 9,2%. L'entreprise maintient une position nette de liquidités solide de NOK 11,7 milliards et un carnet de commandes sécurisé de NOK 64,7 milliards. En raison de ses performances solides, le Conseil a proposé un dividende extraordinaire de NOK 21 par action. Pour l'année 2024, les revenus devraient augmenter de plus de 40 % par rapport à 2023, avec des marges EBITDA d'environ 7,5 % hors revenus de OneSubsea.
Aker Solutions berichtete über starke Ergebnisse im dritten Quartal 2024, mit einem Umsatzanstieg auf NOK 13,2 Milliarden von NOK 9,1 Milliarden im Jahresvergleich. Das EBITDA erreichte NOK 1,2 Milliarden mit einer Marge von 9,2%. Das Unternehmen hält eine robuste Netto-Cash-Position von NOK 11,7 Milliarden und einen gesicherten Auftragsbestand von NOK 64,7 Milliarden. Basierend auf der starken Performance schlug der Vorstand eine außerordentliche Dividende von NOK 21 pro Aktie vor. Der Umsatz für das Gesamtjahr 2024 wird voraussichtlich um über 40% im Vergleich zu 2023 wachsen, wobei die EBITDA-Margen ohne OneSubsea-Einnahmen bei etwa 7,5% liegen.
- Revenue increased 45% YoY to NOK 13.2 billion
- Strong EBITDA of NOK 1.2 billion with 9.2% margin
- Robust net cash position of NOK 11.7 billion
- Secured order backlog of NOK 64.7 billion
- Extraordinary dividend of NOK 21 per share announced
- Expected revenue growth of over 40% for full-year 2024
- Order intake declined with 0.5x book-to-bill ratio
- Working capital outflow of NOK 1.2 billion in the quarter
3Q 2024 Financial Highlights
(excluding special items)
- Revenue
NOK 13.2 billion - EBITDA NOK 1.2 billion
- EBITDA margin 9.2 percent
- Earnings per share NOK 1.70
- Net cash position NOK 11.7 billion, including investments in liquid funds
- Order intake NOK 6.0 billion (0.5x book-to-bill)
- Order backlog NOK 64.7 billion
"The solid financial results reflect that we are successfully delivering on our extensive project portfolio, meeting key milestones and fulfilling commitments to our clients. At the same time, we are investing in digital solutions and robotization to both safeguard the delivery of our backlog and improve our competitiveness for future opportunities," said Kjetel Digre, Chief Executive Officer at Aker Solutions.
Key Developments
Third-quarter revenue increased to NOK 13.2 billion from
Activity levels continue to be high across business segments and locations. During the quarter, Aker Solutions met several important milestones in its project portfolio, including the anchoring of the Johan Castberg FPSO in the Barents Sea and the connection of power from shore to the Troll West platforms. The Aker BP portfolio of projects is progressing according to plan with construction activity scaling up at our own and partner yards. In addition, the Life Cycle segment reported high activity in both
Order intake for the quarter was
Net cash position, including investments in liquid funds not treated as cash under IFRS16, increased to
During the quarter, Aker Solutions received the remaining proceeds from the OneSubsea transaction, namely the vendor note and working capital loans provided to OneSubsea. Based on its strong cash position, OneSubsea has decided to pay out a quarterly dividend of
Outlook
Despite geopolitical uncertainty and volatile energy prices, the outlook remains positive for Aker Solutions. Tender activity is high at about
Based on secured revenues and backlog, the company expects full-year 2024 revenues to grow by more than 40 percent compared to 2023. EBITDA margins, excluding net income from OneSubsea, are expected to be around 7.5 percent for the full year of 2024.
Capital Allocation
Based on the company's solid financial position and positive market outlook, the Board of Directors has decided to propose an extraordinary dividend of NOK 21 per share to an Extraordinary General Meeting to be held on November 22, 2024, as announced yesterday. The proposed extraordinary dividend is based on the approved annual accounts for 2023 and payment is proposed to take place on December 2, 2024. This comes in addition to the ordinary dividend, where Aker Solutions has paid out about
"The proposal for an extraordinary dividend is a testament to the achievements of the entire Aker Solutions organization. After the dividend, Aker Solutions will remain financially robust, enabling us to continue developing the company and our people, as well as providing solid returns for our investors", said Kjetel Digre.
Webcast presentation
The third-quarter results will be presented by webcast today, October 31, at 09:00 CET. To join the webcast, go to https://www.akersolutions.com/webcast.
A Q&A session will follow the presentation. Written questions can be submitted through the webcast solution or sent in advance to preben.orbeck@akersolutions.com, Head of Investor Relations.
An opportunity for individual press interviews will follow the audiocast. Please direct your interest to hallvard.norum@akersolutions.com, Head of Media & Channels.
The reports published today, and previous reports, are also available on https://www.akersolutions.com/investors/quarterly-results/.
For more information, please contact:
Preben Ørbeck
investor relations
preben.orbeck@akersolutions.com
+47 470 10 611
Hallvard Norum
media contact
hallvard.norum@akersolutions.com
+47 913 80 820
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https://mb.cision.com/Public/18353/4059299/96399a813d84d3b9.pdf | 3Q-2024-Presentation |
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SOURCE Aker Solutions ASA
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