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AKER SOLUTIONS ASA Unsponsored Norway ADR
In the news
Financials
Income Statement
Revenue
Net income
(NOK) | Dec 2024info | Y/Y change |
---|---|---|
Revenue | 15.54B | 42.93% |
Operating expense | 333.00M | 50.00% |
Net income | 661.00M | -93.30% |
Net profit margin | 4.25 | -95.32% |
Earnings per share | 1.70 | 77.08% |
EBITDA | 1.05B | 149.52% |
Effective tax rate | 19.98% | — |
Balance Sheet
Total assets
Total liabilities
(NOK) | Dec 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 5.06B | -56.87% |
Total assets | 36.20B | -12.24% |
Total liabilities | 25.08B | 12.45% |
Total equity | 11.13B | — |
Shares outstanding | 481.90M | — |
Price to book | 0.38 | — |
Return on assets | 4.39% | — |
Return on capital | 9.47% | — |
Cash Flow
Net change in cash
(NOK) | Dec 2024info | Y/Y change |
---|---|---|
Net income | 661.00M | -93.30% |
Cash from operations | 1.18B | 36.41% |
Cash from investing | 7.41B | 491.55% |
Cash from financing | -10.28B | -1,400.00% |
Net change in cash | -1.61B | 9.59% |
Free cash flow | 844.25M | 30,600.00% |
About
Aker Solutions ASA is a Norwegian engineering firm headquartered in Oslo. The firm's production is focused on energy infrastructure, including systems and services required to de-carbonize oil and gas production, build wind-to-grid infrastructure and engineer CO₂ capture and sequestration.
Founded in 1841 as Akers Mekaniske Verksted, the company has been known as Aker, Aker Kvaerner and Aker Solutions. Aker Kværner was founded in 2004 from the major restructuring of a complex "Aker Kværner" business unit formed in 2002 by the merger of Aker Maritime and Kværner Oil & Gas. The company was majority controlled by Aker ASA until 2007. Then, via major ownership restructuring on 22 June 2007, Aker ASA gave up its holding in Aker Solutions and transferred a 40% stake to Aker Holding, which in turn was owned by Aker ASA, the Norwegian Ministry of Trade and Industry, SAAB and Investor AB. On 3 April 2008, Aker Kværner was renamed Aker Solutions.
In 2020, the company merged with Kværner ASA. As of 2023, the company trades on the Oslo stock exchange under the symbol 'AKSO'. Wikipedia
CEO
Founded
1841
Website
Employees
11,777