Last 95.00 NOK
Change Today +0.55 / 0.58%
Volume 409.2K
AKSO On Other Exchanges
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As of 10:25 AM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

aker solutions asa (AKSO) Snapshot

Open
94.45 NOK
Previous Close
94.45 NOK
Day High
95.80 NOK
Day Low
93.95 NOK
52 Week High
06/23/14 - 116.80 NOK
52 Week Low
10/9/13 - 78.60 NOK
Market Cap
26.0B
Average Volume 10 Days
1.0M
EPS TTM
4.42 NOK
Shares Outstanding
274.0M
EX-Date
04/11/14
P/E TM
21.5x
Dividend
4.10 NOK
Dividend Yield
4.32%
Current Stock Chart for AKER SOLUTIONS ASA (AKSO)

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aker solutions asa (AKSO) Details

Aker Solutions ASA is a holding company which through its subsidiaries provides oilfield products, systems, and services for drilling, field development, and production in the oil and gas industry worldwide. The company operates through three segments: Engineering Solutions, Product Solutions, and Field-Life Solutions. It offers drilling technologies including drilling equipment, systems, and lifecycle services for application on onshore and offshore drilling units; and engineering services, including studies and front end services, offshore oil and gas production facilities, floater designs, jackets, onshore oil and gas receiving and processing facilities, and riser systems, as well as front-end engineering and design, and engineering and procurement contracts. 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. In addition, it offers subsea technologies and services such as subsea production systems and products, system engineering, and subsea lifecycle services; subsurface and well services, including subsurface, well intervention, and deepwater well intervention services; and wellstream processing products and services, such as process systems technologies, process systems lifecycle service and support, and subsea processing services. The company was formerly known as Aker Kvaerner and changed its name to Aker Solutions ASA in April 2008. Aker Solutions ASA was founded in 1841 and is based in Fornebu, Norway.

26,708 Employees
Last Reported Date: 07/17/14
Founded in 1841

aker solutions asa (AKSO) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: 6.6M NOK
President and Chief Financial Officer
Total Annual Compensation: 6.6M NOK
Head of Maintenance, Modifications and Operat...
Total Annual Compensation: 5.8M NOK
Regional President of Norway
Total Annual Compensation: 4.9M NOK
Regional President of North America
Total Annual Compensation: 4.9M NOK
Compensation as of Fiscal Year 2013.

aker solutions asa (AKSO) Key Developments

Aker Solutions ASA Announces Management Changes

Aker Solutions ASA announced that new management structures were put in place this July as Luis Araujo, formerly regional president for Aker Solutions in Brazil, on July 1 became chief executive officer of the new Aker Solutions. Frank Ove Reite, formerly managing partner at Converto, became CEO of Akastor. Oyvind Eriksen has been nominated as chairman of the board of both the new Aker Solutions and Akastor.

Aker Solutions ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Aker Solutions ASA reported earnings results for the second quarter and six months ended June 30, 2014. Operating revenues and other income for the second quarter ended June 30, 2014 were NOK12.96 billion, compared to NOK11.03 billion for the same quarter ended June 30, 2013. EBITDA fell to NOK 429 million, compared with NOK 786 million a year earlier. The EBITDA margin narrowed to 3.3% from 7.1% a year earlier. Earnings were impacted by impairments and a provision totaling NOK 1.6 billion on assets and goodwill of the Aker Oilfield Services business, which will be part of Akastor after the split. Excluding one-off items, the margin was 7.5% in the second quarter of 2014. Loss attributable to equity holders of the company for the second quarter ended June 30, 2014 was NOK 809 million, or NOK 2.97 loss per share, compared to a profit attributable to equity holders of the company of NOK 119 million, or NOK 0.44 per share, for the same quarter ended June 30, 2013. Profit attributable to equity holders of the company for the six months ended June 30, 2014 was NOK 2.4 billion, or NOK 8.81 per diluted share, compared to NOK 389 million, or NOK 1.43 per diluted share, for the same period ended June 30, 2013. Operating revenues and other income for the six months ended June 30, 2014 were NOK 24.18 billion, compared to NOK 21.34 billion for the same period ended June 30, 2013.

Aker Solutions Seeks Acquisitions

Aker Solutions ASA (OB:AKSO) is seeking acquisitions. Oyvind Eriksen, Chairman of Aker Solutions said, “We continue both in the new Aker Solutions business as well as in the Akastor business to pursue acquisition opportunities, but primarily both on technology acquisitions rather than big moves. In the new Akastor business, we have already indicated that we expect a higher level of M&A activity as a tool for shareholder value creation.”

 

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Industry Analysis

AKSO

Industry Average

Valuation AKSO Industry Range
Price/Earnings 100.0x
Price/Sales 0.6x
Price/Book 1.8x
Price/Cash Flow 5.5x
TEV/Sales 0.4x
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