Last 87.50 NOK
Change Today +1.85 / 2.16%
Volume 1.1M
AKSO On Other Exchanges
Symbol
Exchange
OTC US
Stockholm
OTC US
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As of 10:25 AM 05/24/13 All times are local (Market data is delayed by at least 15 minutes).

aker solutions asa (AKSO) Snapshot

Open
86.80 NOK
Previous Close
85.65 NOK
Day High
87.55 NOK
Day Low
86.00 NOK
52 Week High
01/25/13 - 124.60 NOK
52 Week Low
06/26/12 - 72.20 NOK
Market Cap
24.0B
Average Volume 10 Days
1.3M
EPS TTM
7.40 NOK
Shares Outstanding
274.0M
EX-Date
04/15/13
P/E TM
11.8x
Dividend
4.00 NOK
Dividend Yield
4.57%
Current Stock Chart for AKER SOLUTIONS ASA (AKSO)

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aker solutions asa (AKSO) Details

Aker Solutions ASA, through its subsidiaries, provides oilfield products, systems, and services for drilling, field development, and production in the oil and gas industry worldwide. It offers drilling technologies, including drilling equipment and lifecycle services; and engineering services, including studies and front end services, FEED and EP contracts, offshore oil and gas production facilities, floater designs, jackets, onshore oil and gas receiving and processing facilities, and riser systems. The company also provides maintenance, modification and operations services (MMO), such as front end study, field concepts and technology life, asset integrity management, and decommissioning services, as well as MMO modifications contracts, portfolio contracts, and frame agreements; and mooring and loading systems, as well as lifecycle services. In addition, it offers subsea technologies and services, such as subsea production systems and technologies, as well as subsea lifecycle services; subsurface and well services, including subsurface, well intervention, and deepwater well intervention services; surface products, including surface trees and wellheads; and wellstream processing products and services, such as process systems technologies, process systems lifecycle service and support, and subsea processing. Aker Solutions ASA was formerly known as Aker Kværner ASA and changed its name to Aker Solutions ASA in April 2008. The company was founded in 1841 and is headquartered in Fornebu, Norway. It has additional offices in Angola, Equatorial Guinea, Ghana, Ivory Coast, Nigeria, Brazil, Canada, the United States, Australia, Brunei, China, India, Indonesia, Malaysia, Singapore, South Korea, Thailand, Vietnam, Azerbaijan, Cyprus, Denmark, Finland, France, Germany, Norway, the Russian Federation, Sweden, the United Kingdom, Oman, Saudi Arabia, and the United Arab Emirates.

20,861 Employees
Last Reported Date: 03/22/13
Founded in 1841

aker solutions asa (AKSO) Top Compensated Officers

President, Chief Financial Officer and Genera...
Total Annual Compensation: 7.2M NOK
Regional Manager of Norway, Acting Chief Exec...
Total Annual Compensation: 5.6M NOK
Regional President of Brasil
Total Annual Compensation: 6.6M NOK
Regional President of North America
Total Annual Compensation: 3.0M NOK
Head of Oilfield Services & Marine Assets
Total Annual Compensation: 6.8M NOK
Compensation as of Fiscal Year 2012.

aker solutions asa (AKSO) Key Developments

Aker Solutions ASA Receives Contract from Husky for Offshore Engineering Services

Aker Solutions ASA has received a contract award notification for offshore engineering services to support Husky Energy's activities at the offshore White Rose field in Canada. The scope of work includes studies, modifications (EPCI) and campaign maintenance services. The duration is five years with an option to extend the contract for as many as 10 one-year periods. The estimated contract value is NOK 900 million for the five-year period. The project will employ about 70 management and engineering employees onshore, as well as 20 people on rotation offshore.

Aker Solutions ASA Reports Consolidated Earnings Results for the First Quarter of 2013

Aker Solutions ASA reported consolidated earnings results for the first quarter of 2013. For the period, the company’s operating revenues and other income was NOK 11,060 million against NOK 9,837 million a year ago. EBITDA was NOK 868 million against NOK 1,040 million a year ago. EBIT was NOK 529 million against NOK 809 million a year ago. Profit before tax was NOK 370 million against NOK 742 million a year ago. Net profit was NOK 269 million or NOK 1.00 basic per share against NOK 526 million or NOK 1.93 basic per share a year ago. Net cash flow from operating activities was NOK 2,002 million against NOK 122 million a year ago. Capital expenditure was NOK 477 million against NOK 584 million a year ago. Net debt as on March 31, 2013 was NOK 9.2 billion. The three main factors in particular impacted the results. The company had NOK 70 million in extra costs for the Ekofisk Zulu project. The company lost NOK 63 million from writing down the value of some Umbilicals projects in Norway. And its OMA business area lost NOK 54 million, as 2 vessels were idle the entire first quarter.

Aker Field Life Solutions Reports Earnings Results for the First Quarter of 2013

Aker Field Life Solutions reported earnings results for the first quarter of 2013. For the period, the company's revenues were NOK 3,504 million against NOK 3,261 million a year ago. EBITDA was NOK 223 million against NOK 377 million a year ago.

 

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Industry Analysis

AKSO

Industry Average

Valuation AKSO Industry Range
Price/Earnings 11.9x
Price/Sales 0.5x
Price/Book 1.9x
Price/Cash Flow 7.4x
TEV/Sales 0.2x
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