Aker Solutions maintains growth ambition
(Thomson Reuters ONE) -
8 December 2011 - Aker Solutions will today announce at the company's capital
markets day that it is maintaining its ambition of 9-15 percent annual revenue
growth for the period 2011-15 due to a favourable market outlook for the oil
services industry. The company also maintains its ambitions of 3-4 percentage
points EBITDA margin improvement by 2015.
The target for organic revenue growth is 6-10 percent per annum. The order
intake has been strong over the past year, increasing Aker Solutions' order
backlog by 23 percent (end of Q3 2011 vs Q3 2010). This growth reflects high
activity levels in the markets where Aker Solutions operates, and the company
expects continued strong markets and tender activity going forward.
"We missed some of our financial targets this year, and the world economy is
associated with uncertainties, but our growth targets remain unchanged. The
global energy trends project increased demand for oil and gas and high energy
prices long term. Aker Solutions is positioned to grow on the back of this.
Additionally, we have a potential to increase our market shares and the
financial muscle to grow further through acquisitions or partnerships," says
Øyvind Eriksen, executive chairman in Aker Solutions.
Aker Solutions is maintaining its ambitions of 3-4 percentage points EBITDA
margin improvement by 2015. To facilitate both organic revenue growth and
increased margins, the company will accelerate its investments in fabrication
capacity and assets for its service businesses.
"We are accelerating our investments in technology and in strengthening our
organisation, and we continue to address the quality issues we have identified
in the company. This will make it challenging to secure a lift in margins in the
near term, but we remain confident in the longer term margin improvement targets
we have set out," says Øyvind Eriksen.
The presentation material for the Capital Markets Day is enclosed. All
presentations will be available through webcast on www.akersolutions.com.
ENDS
For further information, please contact:
Media:
Geir Arne Drangeid, EVP Communications, Aker Solutions. Tel: +47 67 51 30 36,
Mob: +47 91310458
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
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 ASA, through its subsidiaries and affiliates ("Aker Solutions"),
is a leading global oil services company that provides engineering services,
technologies, product solutions and field-life solutions for the oil and gas
industry. The Aker Solutions group is organised in a number of separate legal
entities. Aker Solutions is used as the common brand/trademark for most of these
entities.
Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has
aggregated annual revenues of approximately NOK 35 billion and employs
approximately 18 000 people in about 30 countries. 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.
Capital markets day presentations 2011:
http://hugin.info/77/R/1569899/488080.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#1569899]
Unternehmensinformation / Kurzprofil:
Datum: 08.12.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 94944
Anzahl Zeichen: 4569
contact information:
Town:
Lysaker
Kategorie:
Business News
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"Aker Solutions maintains growth ambition"
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