2nd quarter results 2009: performing well in declining markets
(Thomson Reuters ONE) - 13 August 2009 - Aker Solutions' second quarter results showconsolidated revenues of NOK 14.3 billion and an EBITDA of close toNOK 1.2 billion.EBITDA margin for the quarter was 8.3 percent andorder intake was NOK 20.1 billion."These results show that we are on track to deliver according to planin 2009. In this period of continued uncertainty we are pleased toshow a strong order intake, adding large and strategically importantnew contracts to our order backlog", says Simen Lieungh, President &CEO of Aker Solutions.The Subsea business area recorded high levels of activity withoperating revenues close to NOK 4 billion. An EBITDA of NOK 507million represents a growth of 35 percent compared to same periodlast year, giving an EBITDA margin of 12.8 percent for the quarter.The Products & Technologies business area delivered revenues of NOK3.1 billion, with an EBITDA of NOK 403 million and EBITDA margin of13.1 percent.The Process & Construction business area experienced a severedownturn, as its markets for process and construction services haveshown particular vulnerability. The Energy Development & Servicesbusiness area delivered below expectations, due in large part toadditional costs associated with finalising the delivery of the H-6erigs. At the same time, the business area secured a very significantorder intake with contracts for the Kashagan field and the gravitybase structure (GBS) part of the Sakhalin-1 project."The market outlook for 2010 is still uncertain. While we have astrong order backlog of NOK 61.9 billion, we need to secure ourcompetitiveness and win more contracts to ensure the stability of ouractivity levels between now and 2011", says Lieungh.ENDSFor further information, please contact:Media:Jannik Lindbæk, SVP Corporate Communications, Aker Solutions. Tel:+47 67 51 30 36, Mob: +47 977 55 622Investor relations:Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 6751 30 39, Mob: +47 911 37 194Suppliers:For further information about sourcing and potential subcontracts forthis project, please contact the relevant BA Global SourcingChampion.Career opportunities:Visit http://www.akersolutions.com/careersAker Solutions ASA, through its subsidiaries and affiliates("Aker Solutions"), is a leading global provider of engineering andconstruction services, technology products and integrated solutions.Aker Solutions' business serves several industries, includingoil & gas, refining & chemicals, mining & metals andpower generation. The Aker Solutions group is organised in a numberof separate legal entities. Aker Solutions is used as the commonbrand/trademark for most of these entities.Aker Solutions' parent company is Aker Solutions ASA. Aker Solutionshas aggregated annual revenues of approximately NOK 58 billion andemploys approximately 23 000 people in about 30 countries.Aker Solutions is part of Aker (www.akerasa.com), a group of premiercompanies with a focus on energy, maritime and marine resourceindustries. The Aker companies share a common set of values and along tradition of industrial innovation. As an industrial ownercontrolling 40.27 percent of the shares in Aker Solutions throughAker Holding AS, Aker ASA takes an active role in the development ofAker Solutions.This press release may include forward-looking information orstatements and is subject to our disclaimer, seewww.akersolutions.com.The complete 2nd quarter results 2009 report and presentation areavailable below and at www.akersolutions.com and www.newsweb.no.http://hugin.info/77/R/1334387/316723.pdfhttp://hugin.info/77/R/1334387/316724.pdfhttp://hugin.info/77/R/1334387/316725.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 13.08.2009 - 08:02 Uhr
Sprache: Deutsch
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