AKER SOLUTIONS ASA
Sector unknown·AKSO · Oslo Børs·Fiscal year to 31/12/2024
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Oil
Raw materials and inputs
DriverPositive impact: strengthens
“Market Outlook and Strategy There are considerable changes across Aker Solutions’ global markets, driven by the energy trilemma of balancing the need for energy reliability, affordability and sustainability. The global oil and gas markets continue to be important for Aker Solutions.”
Annual report 2024A · The company itself
Market
“Aker Solutions provides products, systems and services ranging from concept studies and front-end engineering to integrated project execution and services to the global oil and gas industry. Aker Solutions also delivers consultancy and engineering services as well as technical solutions to support energy transition projects within offshore wind, electrification, hydrogen, carbon capture and storage and hydropower.”
Annual report 2024A · The company itself
Market
“Segment Key Figures Renewables and Field Development The Renewables and Field Development segment designs and delivers integrated solutions for oil and gas platforms, onshore facilities, offshore wind developments and carbon capture and storage facilities.”
Annual report 2024A · The company itself
Market
“Life Cycle revenue increased to NOK 13.2 billion in 2024 from NOK 13.1 billion the year before. The EBITDA margin was 6.9 percent versus 5.2 percent a year earlier.”
Annual report 2024A · The company itself
Market
“The main customers are international, national and independent energy companies involved with production of oil and gas, and renewable energy.”
Annual report 2024A · The company itself
Market
“The majority of these projects are being executed under the well-proven ‘Alliance Model’ with Aker BP and our strategic delivery partners.”
Annual report 2024A · The company itself
Market
“During 2024, Aker Solutions has worked on several large oil and gas projects, such as Johan Castberg, Rosebank, Jackdaw and the Aker BP projects Hugin A, Hugin B, Valhall and Fenris.”
Annual report 2024A · The company itself
Chains out: this strengthens Plastics and polymers
Wind power
Technology
DriverNegative impact: weakens
“During the year, Aker Solutions took additional loss provisions on the legacy renewables project portfolio.”
Annual report 2024A · The company itself
Market
“Segment Key Figures Renewables and Field Development The Renewables and Field Development segment designs and delivers integrated solutions for oil and gas platforms, onshore facilities, offshore wind developments and carbon capture and storage facilities.”
Annual report 2024A · The company itself
Market
“Aker Solutions also has a broad offering within renewables markets, such as offshore wind and hydropower. Within offshore wind, Aker Solutions delivers solutions and services for full field developments, including foundations, converter- and substations, and power distribution solutions.”
Annual report 2024A · The company itself
Market
“Aker Solutions also delivers consultancy and engineering services as well as technical solutions to support energy transition projects within offshore wind, electrification, hydrogen, carbon capture and storage and hydropower.”
Annual report 2024A · The company itself
Market
“Transition Share of revenues in 2024 from Renewables and Transitional Energy Solutions was 18 percent. This includes projects within offshore wind, hydropower, CCS, electrification and decommissioning.”
Annual report 2024A · The company itself
Chains in: Interest rates weakens, Energy security strengthens
Chains out: this strengthens Steel, strengthens Rare earths and critical raw materials, strengthens Renewables auctions and subsidies, strengthens Power grid expansion
Carbon tax and ETS prices
Regulation
DriverPositive impact: strengthens
“Decarbonization of oil and gas operations is high on the agenda for both policy makers and operators.”
Annual report 2024A · The company itself
Market
“Aker Solutions also delivers consultancy and engineering services as well as technical solutions to support energy transition projects within offshore wind, electrification, hydrogen, carbon capture and storage and hydropower.”
Annual report 2024A · The company itself
Market
“Within CCS, Aker Solutions is engaged across the entire CO2 value chain, with contracts for the Heidelberg carbon capture plant and for the Northern Lights terminal for receiving captured CO2.”
Annual report 2024A · The company itself
Market
“Transition Share of revenues in 2024 from Renewables and Transitional Energy Solutions was 18 percent. This includes projects within offshore wind, hydropower, CCS, electrification and decommissioning.”
Annual report 2024A · The company itself
Chains out: this weakens Shipping and logistics, strengthens Energy efficiency, weakens Cement and building materials
Electrification
Technology
Market
“Aker Solutions also delivers consultancy and engineering services as well as technical solutions to support energy transition projects within offshore wind, electrification, hydrogen, carbon capture and storage and hydropower.”
Annual report 2024A · The company itself
Market
“Aker Solutions is currently engaged in several projects intended to reduce emissions from oil and gas operations, including the electrification of Troll West, Njord and Draugen platforms in the North Sea.”
Annual report 2024A · The company itself
Market
“Life Cycle The Life Cycle segment optimizes field life solutions. It has specialized capabilities for efficient execution of a range of maintenance and modifications services for offshore infrastructure, and offers decarbonization solutions, such as electrification.”
Annual report 2024A · The company itself
Chains out: this strengthens Electricity, strengthens Power grid expansion, strengthens Copper
Digitalisation
Technology
StrategyPositive impact: strengthens
“Digitalization is a vital part of how we execute our projects, improving efficiency, safety and collaboration. Together with our partners Microsoft, Cognite, Aize and Accenture, we are making good progress on our digital journey, delivering real results to clients such as Aker BP.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“The Yggdrasil field development, operated by Aker BP, aims to transform the way Aker Solutions delivers projects through a fully digitalized project execution model, which is setting new standards for cost efficiency.”
Annual report 2024A · The company itself
Chains in: Cybersecurity (products and services) strengthens, Public investment and infrastructure strengthens
Chains out: this strengthens IT consulting and public-sector IT
Hydrogen and Power-to-X
Technology
Market
“Aker Solutions also delivers consultancy and engineering services as well as technical solutions to support energy transition projects within offshore wind, electrification, hydrogen, carbon capture and storage and hydropower.”
Annual report 2024A · The company itself
Market
“Key milestone projects were the delivery of the Northern Lights storage terminal, the mechanical completion of the Brevik carbon capture plant and the connection to power from shore on the Troll West electrification project.”
Annual report 2024A · The company itself
Artificial intelligence
Technology
StrategyPositive impact: strengthens
“In addition, Aker Solutions is working closely with its partners to adopt and apply artificial intelligence across its operations to improve efficiency.”
Annual report 2024A · The company itself
Chains out: this strengthens Data centres, strengthens Semiconductors and electronic components, strengthens Semiconductor industry
Automation and robotics
Technology
StrategyPositive impact: strengthens
“To safeguard the execution of our large backlog, we have invested in our organization and facilities, as well as implemented new technologies and digital solutions. One example is the fully robotic production line at Verdal officially opened in September.”
Annual report 2024A · The company itself
Automotive
End markets
Market
“Aker Solutions provides products, systems and services ranging from concept studies and front-end engineering to integrated project execution and services to the global oil and gas industry. Aker Solutions also delivers consultancy and engineering services as well as technical solutions to support energy transition projects within offshore wind, electrification, hydrogen, carbon capture and storage and hydropower.”
Annual report 2024A · The company itself
Education
End markets
StrategyPositive impact: strengthens
“Competence development programs continued across the company, ensuring that our people have the right skills to solve future energy challenges.”
Annual report 2024A · The company itself
Utilities
End markets
Market
“The main customers are international, national and independent energy companies involved with production of oil and gas, and renewable energy.”
Annual report 2024A · The company itself
Business cycle and GDP growth
Macro
DriverPositive impact: strengthens
“Financials Revenue in 2024 increased to NOK 53.2 billion, a growth of 47 percent from 2023, with EBITDA margins, excluding special items improving from 3.6 percent to 8.7 percent.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“Market Outlook and Strategy There are considerable changes across Aker Solutions’ global markets, driven by the energy trilemma of balancing the need for energy reliability, affordability and sustainability. The global oil and gas markets continue to be important for Aker Solutions.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“Order Intake and Backlog NOK billion Order intake for 2024 was NOK 40.1 billion, compared to NOK 35.3 billion in 2023.”
Annual report 2024A · The company itself
Chains out: this strengthens Global trade volumes, strengthens Construction
EU climate and energy policy
Regulation
DriverPositive impact: strengthens
“The energy markets continue to be impacted by the trilemma of energy security, affordability and sustainability.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“Decarbonization of oil and gas operations is high on the agenda for both policy makers and operators.”
Annual report 2024A · The company itself
Chains out: this strengthens Circular economy and recycling, strengthens Energy efficiency
Consumer spending
Macro
DriverPositive impact: strengthens
“Financials Revenue in 2024 increased to NOK 53.2 billion, a growth of 47 percent from 2023, with EBITDA margins, excluding special items improving from 3.6 percent to 8.7 percent.”
Annual report 2024A · The company itself
Chains in: Inflation weakens
Chains out: this strengthens Retail, strengthens Hospitality and leisure, strengthens Premium consumers, strengthens Grocery retail and private label
Energy security
Regulation
DriverPositive impact: strengthens
“The energy markets continue to be impacted by the trilemma of energy security, affordability and sustainability.”
Annual report 2024A · The company itself
Chains in: Geopolitical uncertainty strengthens, Reconstruction of Ukraine strengthens
Chains out: this strengthens Wind power, strengthens Power grid expansion
Labour and wages
Raw materials and inputs
InputNegative impact: weakens
“Aker Solutions welcomed more than 1,700 new employees across the globe.”
Annual report 2024A · The company itself
Denmark
Geography
Geography
“The bulk of our backlog relates to projects under the Norwegian Continental Shelf tax incentives agreement, also known as the ‘activity package’.”
Annual report 2024A · The company itself
Geography
“The head office is at Fornebu, Norway.”
Annual report 2024A · The company itself
Geography
“An important milestone during the year was the successful sail away and anchoring of the Johan Castberg FPSO in the Barents Sea.”
Annual report 2024A · The company itself
Europe
Geography
Geography
“Aker Solutions employs approximately 11,800 people in 15 countries.”
Annual report 2024A · The company itself
Labour regulation
Regulation
DriverPositive impact: strengthens
“In Norway, we were again rated as the second most attractive employer among engineering students and professionals.”
Annual report 2024A · The company itself
United States
Geography
Geography
“Aker Solutions is currently working on several milestone projects, particularly within HVDC converter platforms to the UK and US markets.”
Annual report 2024A · The company itself
Chains in: USD vs DKK/EUR mixed effect
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 52.2 bn NOK |
| Revenue growth vs. the year before, same method | 45.5 % |
| EBITDA reported by the company | 4.55 bn NOK |
| Net debt debt incl. leasing minus cash | N/A |
| Diluted EPS per share | 5.51 NOK |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✓ |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (NOK), not converted to DKK. Quotes are shown as the company's own words in the report's original language.