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Norway's Aker Solutions Q3 revenue and EBITDA miss analyst estimates

By Reuters News


Overview

  • Norway energy solutions provider's Q3 revenue and EBITDA both missed analyst expectations

  • Order backlog at end of Q3 stood at NOK 69.3 bln

  • Company forecasts 2026 revenue of NOK 53-55 bln, with lower revenue expected in 2027


Outlook

  • Aker Solutions sees 2026 revenue between NOK 53 bln and NOK 55 bln

  • Company expects 2026 EBITDA margin of 7.5% to 8.0% excluding SLB OneSubsea

  • Aker Solutions sees 2027 revenue falling to NOK 35 bln to NOK 40 bln


Result Drivers

  • PROJECT MILESTONES - Co said meeting key project milestones contributed to Q3 performance, per CEO Paal Eikeseth

  • LIFE CYCLE SEGMENT - Strong operational performance in Life Cycle segment supported results

  • DIGITAL TRANSFORMATION - Co said ongoing digitalization and standardization efforts are improving efficiency


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

NOK 13.50 bln

NOK 14.37 bln (4 Analysts)

Q3 EPS

NOK 1.45

Q3 EBITDA

Miss

NOK 1.30 bln

NOK 1.32 bln (4 Analysts)

Q3 EBITDA Margin

9.60%

Q3 Order Backlog

NOK 69.30 bln

Q3 Orders

NOK 5.40 bln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and 3 "sell" or "strong sell"

  • The average consensus recommendation for the oil related services and equipment peer group is "buy."

  • Wall Street's median 12-month price target for Aker Solutions ASA is NOK40.00, about 4.8% above its October 27 closing price of NOK38.16

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago


Reuters Recommended Reads

  • Oct 27 - Baker Hughes rounds out oilfield services earnings with lower quarterly profit

  • Oct 27 - Baker Hughes Q3 net income down by a third on Chart deal costs despite revenue, adj EPS beat

  • Oct 28 - Equinor profit doubles as Middle East war lifts oil, gas prices


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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