Aker Solutions Targets 55 Billion NOK Revenue After Solid Half-Year

The company’s second-quarter results show revenue of 13.1 billion NOK, with an underlying EBITDA margin of 9.2 percent. Excluding contributions from its 20 percent stake in SLB OneSubsea, the margin stands at 7.9 percent. Operational highlights included the successful load-out of the Hugin B topside for Aker BP and the commencement of second-generation carbon capture and storage projects in Norway.

Strong order intake reached 9.9 billion NOK in the second quarter, bolstered by a significant HVDC substructure award, electromechanical supply for the Tussa II hydropower plant, and a frame agreement with Cenovus Energy. Despite distributing 4.2 billion NOK in dividends during the quarter, the company maintains a solid net cash position of 4.3 billion NOK.

Looking ahead, Aker Solutions projects full-year 2026 revenue between 50 and 55 billion NOK. Management anticipates an underlying EBITDA margin of approximately 7.5 percent for the full year, excluding SLB OneSubsea profits. Distributions from the SLB partnership are expected to accelerate in the second half of the year, likely aligning with 2025 levels.