Aker Solutions Q1 2026 slides: record backlog offsets revenue decline
Aker Solutions reported a 7% year-over-year revenue decline in Q1 2026, driven by normalization from 2025 peak levels, but posted a record order intake of NOK 28.8 billion and a backlog reaching NOK 80.2 billion, signaling strong future activity. The company exceeded earnings expectations with an EPS of NOK 1.31 and announced total dividends of NOK 8.60 per share, supported by solid EBITDA margins and strategic positioning in both traditional and emerging energy sectors. Despite a fatal accident at a decommissioning site, operational progress continued on key projects, with long-term frame agreements secured in the Life Cycle segment and ongoing execution in renewables and field development.
- ▪Aker Solutions reported Q1 2026 revenue of NOK 13.4 billion, down 7% year-over-year, with EBITDA of NOK 1.2 billion and an 8.6% margin excluding special items.
- ▪Order intake surged to NOK 28.8 billion in the quarter, driving the backlog to a record NOK 80.2 billion, up from NOK 65 billion at the end of 2025.
- ▪The Life Cycle segment achieved a record NOK 23.0 billion in order intake, including long-term frame agreements with Aker BP and Equinor extending beyond 2038 and 2039, respectively.
- ▪Net income excluding special items was NOK 634 million, and the company approved an ordinary dividend of NOK 3.60 and an extraordinary dividend of NOK 5.00 per share.
- ▪A fatal accident occurred at a decommissioning site in April 2026, highlighting ongoing operational risks despite progress on major projects.
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Introduction & Market ContextAker Solutions (OSE:AKSO) presented its first quarter 2026 financial results on April 30, showcasing a company in transition as revenues normalize from 2025 peak levels while securing record order intake that positions it for long-term growth across multiple energy verticals. The Norwegian energy services provider reported earnings per share of NOK 1.31, exceeding analyst expectations, while announcing total dividends of NOK 8.60 per share to shareholders. The company’s stock rose 0.78% to NOK 41.08 following the presentation, as investors responded positively to strong order momentum despite a 7% year-over-year revenue decline.
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