Aker Solutions Reports Strong Profits With Increased Activities In Brazil And Abroad

Written by Paulo Nogueira

Published on 12/07/2018 at 08:59

Updated on 12/07/2018 at 09:06

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The Norwegian Oil Services Company Aker Solutions Recorded an Increase in Profits and Revenues as Orders Nearly Doubled in the Second Quarter of 2018 Compared to the Previous Year Amidst a Recovery in Activity.a

In its Q2 2018 report on Thursday, Aker Solutions reported that its orders totaled NOK 5.7 billion (US $ 703 million) in the quarter, raising the backlog to NOK 37 billion (US $ 4.6 billion), with most projects coming from Norway. Revenue rose to NOK 6.3 billion in the second quarter of 2018, up from NOK 5.4 billion a year earlier, driven by increased modification work in the North Sea and ongoing progress on a number of key projects.

The company’s net profit rose to NOK 117 million, up from NOK 33 million in the same quarter of the previous year.

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Brazil Is One of the Key Assets

According to the company, bidding activity is high in the company’s key markets. Aker Solutions is offering contracts totaling about NOK 50 billion. About two-thirds of these are in the subsea area, where the company expects some major projects to be awarded in the next six to 12 months, including in Brazil, the UK, Africa, and Asia-Pacific.

Aker Solutions expects global revenue to rise by about 10% in 2018 compared to 2017, supported by strong order intake in the first half and continued high bidding activity. Want to Work at Aker Solutions? Click Here to Access Some Company Emails.

Aker Solutions Reports Strong Profits With Increased Activities In Brazil And Abroad

The Norwegian Oil Services Company Aker Solutions Recorded an Increase in Profits and Revenues as Orders Nearly Doubled in the Second Quarter of 2018 Compared to the Previous Year Amidst a Recovery in Activity.a

Brazil Is One of the Key Assets

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Aker Solutions Reports Strong Profits With Increased Activities In Brazil And Abroad

The Norwegian Oil Services Company Aker Solutions Recorded an Increase in Profits and Revenues as Orders Nearly Doubled in the Second Quarter of 2018 Compared to the Previous Year Amidst a Recovery in Activity.a

Brazil Is One of the Key Assets

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