OSLO, Norway, Feb. 8, 2024 /PRNewswire/ — Aker Solutions delivered solid financial performance in the fourth quarter and for the full-year 2023, with increasing revenue and margins. The large secured backlog of projects with balanced risk-reward profiles provides good visibility for future activity levels. The market outlook remains positive, with increased energy spending forecasted in the years to come. Aker Solutions expects revenue to be up by around 15 percent in 2024 from 2023. The updated dividend policy targets a distribution of 40 to 60 percent of adjusted net income through dividends and share buybacks over time. Aker Solutions intends to pay out dividends of NOK 2.00 per share for the fiscal year of 2023 and implement a share buyback program of up to NOK 500 million for 2024.
4Q 2023 Financial Highlights
(excluding special items)
Revenue NOK 11.0 billion
EBITDA NOK 615 million
EBITDA margin 5.6 percent
Earnings per share NOK 0.96
Order intake NOK 14.6 billion (1.4x book-to-bill)
Order backlog NOK 72.7 billion
2023 Full-Year Financial Highlights
(excluding special items)
Revenue NOK 36.1 billion
EBITDA NOK 1,295 million
EBITDA margin 3.6 percent
Earnings per share NOK 5.20
Order intake NOK 35.3 billion (1.0x book-to-bill)
Board will propose dividend of NOK 2.00 per share for 2023 and will implement a share buyback program of up to NOK 500 million for 2024
“We achieved solid revenue growth and improved profitability in the fourth quarter, …
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