Aker Solutions ASA: First quarter results 2012
(Thomson Reuters ONE) -
9 May 2012 - Aker Solutions' operating revenues in the first quarter of 2012
were NOK 9.8 billion, a 15.7 per cent increase from the first quarter of 2011.
Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted
to NOK 1 002 million with a margin of 10.2 per cent. The positive trend has
continued into the second quarter through key strategic events and signing of
several important contracts.
Order intake in the quarter was NOK 11 307 million, bringing the order backlog
to NOK 42.9 billion at the end of march 2012, up from 40.4 billion twelve months
earlier.
"Our performance in the fourth quarter showed that we are on the right track.
With a 15.7 per cent year-on-year increase in first quarter revenues and
continuous growth in profit margins, it is encouraging to see that we are
continuing along this track," says Øyvind Eriksen, executive chairman in Aker
Solutions.
"The start of the second quarter has also been inspiring. We have signed a
number of new contracts and we have confirmed significant investments in new
capacity," Eriksen adds.
The biggest contract signed in the second quarter is the NOK 11 billion contract
to provide Cat B well intervention services to Statoil on the Norwegian
continental shelf.
Investments in new capacity includes a new umbilical manufacturing plant in
Malaysia and added capacity at the company's subsea manufacturing sites in
Norway and Malaysia. The total value of these is estimated at NOK 850 million.
"All these elements will be key contributors towards meeting our growth targets
for the group as a whole of 9-15 per cent on average per year from 2011 to
2015," says Øyvind Eriksen.
ENDS
For further information, please contact:
Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39,
Mob: +47 911 37 194.
Astrid Thommesen Sæbø, VP Investor Relations, Aker Solutions. Tel:
+47 22 94 63 37, Mob: +47 481 70 035.
Media:
Geir Arne Drangeid, Chief Communications Officer, Aker Solutions. Tel:
+47 67 51 30 36, Mob: +47 913 10 458.
Suppliers:
For further information about sourcing and potential subcontracts for this
project, please visit www.akersolutions.com/suppliers
Career opportunities:
Visit http://www.akersolutions.com/careers
Aker Solutions provides oilfield products, systems and services for customers in
the oil and gas industry world-wide. The company's knowledge and technologies
span from reservoir to production and through the life of a field.
Aker Solutions brings together engineering and technologies for oil and gas
drilling, field development and production. The company employs approximately
23 500 people in more than 30 countries. They apply the knowledge and create and
use technologies that deliver their customers' solutions.
Aker Solutions ASA is the parent company in the group, which consists of a
number of separate legal entities. Aker Solutions is used as the common brand
and trademark for most of these entities. In 2011 Aker Solutions had aggregated
annual revenues of approximately NOK 36.5 billion. The company is listed on the
Oslo Stock Exchange.
This press release may include forward-looking information or statements and is
subject to our disclaimer, see www.akersolutions.com.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
1st quarter results 2012 Presentation:
http://hugin.info/77/R/1610053/511606.pdf
1st quarter results 2012 Report:
http://hugin.info/77/R/1610053/511605.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Aker Solutions ASA via Thomson Reuters ONE
[HUG#1610053]
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Datum: 09.05.2012 - 01:01 Uhr
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