Aker Solutions ASA (AKRTF) Q1 2025 Earnings Call Transcript

Aker Solutions ASA (OTCPK:AKRTF) Q1 2025 Results Conference Call April 30, 2025 3:00 AM ET

Company Participants

Preben Ørbeck – Head of Investor Relations
Kjetel Digre – Chief Executive Officer
Idar Eikrem – Chief Financial Officer

Preben Ørbeck

Good morning and welcome to Aker Solutions presentation of our first quarter results. My name is Preben Orbeck, and I’m the Head of Investor Relations.

Joining me today is our CEO, Kjetel Digre; and our CFO, Idar Eikrem. They will take you through the main developments of the quarter. After the presentation, we have time for questions. Those of you who are following the webcast can submit your questions via the online platform.

And with that, I leave the floor to Kjetel Digre.

Kjetel Digre

Thank you, Preben, and welcome to everyone tuning in. Let me start our presentation with the main messages for today.

First and foremost, I’m happy to see that, we continue to deliver solid financial results. The first quarter revenue was NOK 14.4 billion, a 25% growth from the same period last year with an EBITDA margin of 8.4%. I’m also pleased to see the financial performance of OneSubsea, delivering EBITDA margins of more than 20%.

During the quarter, we signed new orders worth NOK 25.6 billion. Most of the order intake came from projects within Offshore Wind and CCS.

I want to highlight some key features of these second-generation renewables and transitional energy projects in Aker Solutions. Firstly, they have balanced risk/reward profiles with shared incentives. And secondly, they have a joint focus on standardization to drive down costs.

Furthermore, shareholder distribution continues to be a key priority for Aker Solutions. The Annual General Meeting approved earlier this week the cash dividend of NOK 3.3 per share to be paid in May, based on the fiscal year of 2024.