OverviewSuggest Edit

Aker Solutions is a company providing products, systems, and services to the oil and gas industry. It operates through three segments: Projects, Services, and Other. The Projects segment provides subsea equipment and systems, engineering and procurement in addition to brownfield maintenance, modifications, and hook-up. The Services segment includes maintenance, repair, spares supply, installation and commissioning of subsea equipment and production assets.

TypePublic
Founded1841
HQBærum, NO
Websiteakersolutions.com
Employee Ratings3.7
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)15,956(+9%)
Job Openings6
Revenue (FY, 2019)KR29.3 B(+16%)
Share Price (Nov 2020)KR13
Cybersecurity ratingBMore

Key People/Management at Aker Solutions

Luis Araujo

Luis Araujo

CEO
Ole Martin Grimsrud

Ole Martin Grimsrud

Chief Financial Officer
Mark Riding

Mark Riding

Executive Vice President, Strategy
Dean Watson

Dean Watson

Chief Operating Officer and Executive Vice President, Subsea Lifecycle Services
Valborg Lundegaard

Valborg Lundegaard

Executive Vice President, Customer Management
Knut Nyborg

Knut Nyborg

Executive Vice President, Front End
Show more

Aker Solutions Office Locations

Aker Solutions has offices in Bærum, Lysaker, Houston, Luanda and in 20 other locations
Bærum, NO (HQ)
8 Oksenøyveien
Lysaker, NO
Lysaker
Luanda, AO
Av. Murtala Mohammed 8
Luanda, AO
Rua 6, I.L. Boavista
Perth, AU
197 St Georges Terrace
Welshpool, AU
8 Casino St
Show all (28)

Aker Solutions Financials and Metrics

Aker Solutions Revenue

Embed Graph
View revenue for all periods
Aker Solutions's revenue was reported to be kr29.26 b in FY, 2019 which is a 16% increase from the previous period.
NOK

Revenue (H1, 2020)

11.9b

Net income (H1, 2020)

(901.0m)

EBITDA (H1, 2020)

381.0m

EBIT (H1, 2020)

(764.0m)

Market capitalization (19-Nov-2020)

6.4b

Closing stock price (19-Nov-2020)

13.0

Cash (30-Jun-2020)

2.5b

EV

14.2b
Aker Solutions's current market capitalization is kr6.4 b.
Annual
NOKFY, 2017FY, 2018FY, 2019

Revenue

22.5b25.2b29.3b

Revenue growth, %

12%16%

Cost of goods sold

17.6b20.1b24.0b

Gross profit

4.8b5.1b5.3b
Half Year
NOKH1, 2018H1, 2019H1, 2020

Revenue

11.7b14.8b11.9b

Operating expense total

384.0m834.0m594.0m

Depreciation and amortization

384.0m834.0m594.0m

EBITDA

864.0m1.3b381.0m
Annual
NOKFY, 2017FY, 2018FY, 2019

Cash

2.0b2.5b1.9b

Accounts Receivable

2.9b3.2b3.2b

Prepaid Expenses

954.0m1.3b1.6b

Inventories

428.0m326.0m369.0m
Half Year
NOKH1, 2018H1, 2019H1, 2020

Cash

2.4b2.2b2.5b

Accounts Receivable

2.8b3.6b

Prepaid Expenses

777.0m1.9b1.5b

Inventories

308.0m353.0m270.0m
Annual
NOKFY, 2017FY, 2018FY, 2019

Net Income

239.0m554.0m83.0m

Depreciation and Amortization

948.0m761.0m1.5b

Cash From Operating Activities

587.0m921.0m319.0m

Purchases of PP&E

(211.0m)(331.0m)(599.0m)
Half Year
NOKH1, 2018H1, 2019H1, 2020

Net Income

222.0m137.0m(901.0m)

Depreciation and Amortization

384.0m834.0m1.1b

Cash From Operating Activities

851.0m(248.0m)(251.0m)

Purchases of PP&E

(130.0m)(184.0m)(269.0m)
NOKFY, 2017

Revenue/Employee

1.6m

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2.8 x
Show all financial metrics

Aker Solutions Acquisitions / Subsidiaries

Company NameDateDeal Size
Airborne Oil & GasMarch 18, 2019
ReinertsenApril 07, 2017
C.S.E. Mecânica e Instrumentação Ltda.December 07, 2016
Thrum EnergyNovember 22, 2012
Aker Engineering and Technology Ltd
Aker Engineering International Sdn Bhd
Aker Engineering Malaysia Ltd
Aker Engineering Malaysia Sdn Bhd
Aker Installation FP AS
Aker Insurance Services AS
Show more

Aker Solutions Revenue Breakdown

Embed Graph

Aker Solutions revenue breakdown by business segment: 79.0% from Projects, 20.4% from Services and 0.6% from Other

Aker Solutions revenue breakdown by geographic segment: 64.5% from Norway, 13.4% from UK, 7.7% from Brazil and 14.4% from Other

Show all human capital metrics

Aker Solutions Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Aker Solutions Online and Social Media Presence

Embed Graph

Aker Solutions Company Culture

  • Overall Culture

    A+

    99/100

  • CEO Rating

    A+

    100/100

  • Compensation

    A+

    100/100

Learn more on Comparably

Aker Solutions News and Updates

New Aker Solutions Will Accelerate the Transition to Sustainable Energy Production

The merged company becomes one of the world’s leading suppliers of solutions to reduce climate gas emissions from oil and gas installations, and for delivery of complete renewable energy production facilities. Over the past 50 years, Aker Solutions and Kvaerner delivered many of the major breakth…

Aker Solutions ASA: Merger With Kværner ASA Completed - New Board of Directors and New Share Capital

Reference is made to the stock exchange announcement made by Aker Solutions ASA (“Aker Solutions”) earlier today regarding the expiration of the creditor notice period for the merger (the “Merger”) with Kværner ASA (“Kvaerner”) and the Board of Directors’ resolution to complete the Merger. The Me…

Disclosure of Shareholding in Aker Solutions ASA

As a result of the Merger, Aker ASA’s direct ownership in Aker Solutions has been diluted from 6.37% to 3.52% through its holding of 17,331,762 shares. Aker ASA’s total shareholding controlled in Aker Solutions following completion of the Merger, including shares held by Aker Kværner Holding AS,…

Kværner ASA: Update on the contemplated merger with Aker Solutions ASA

Reference is made to the previous stock exchange announcements made by Kværner ASA (“Kvaerner”) regarding the contemplated merger with Aker Solutions ASA (“Aker Solutions”) as further set out in the merger plan dated 17 July 2020 (the “Merger”). The Merger contemplates that Aker Solutions will absor…

Aker Solutions ASA: Third-Quarter Results 2020

Revenue NOK 5.5 billion Revenue ex. special items NOK 4.7 billion EBITDA NOK 938 million EBITDA ex. special items NOK 243 million EBITDA margin ex. special items 5.2% Order intake NOK 7.1 billion Order backlog NOK 29.2 billion "This was a transformational quarter for Aker Solutions, as we ann…

Correction in revenues for the Third quarter results 2020: Strong results, increased order backlog

In an international market with corona-related volatilities, Kvaerner increased EBITDA -results, order intake and backlog during the third quarter, compared to the same period last year. Simultaneously, the company strengthened its financial platform. A positive cashflow increased the cash and bank …
Show more

Aker Solutions Frequently Asked Questions

  • When was Aker Solutions founded?

    Aker Solutions was founded in 1841.

  • Who are Aker Solutions key executives?

    Aker Solutions's key executives are Luis Araujo, Ole Martin Grimsrud and Mark Riding.

  • How many employees does Aker Solutions have?

    Aker Solutions has 15,956 employees.

  • What is Aker Solutions revenue?

    Latest Aker Solutions annual revenue is kr29.3 b.

  • What is Aker Solutions revenue per employee?

    Latest Aker Solutions revenue per employee is kr1.8 m.

  • Who are Aker Solutions competitors?

    Competitors of Aker Solutions include Royal Boskalis Westminster, Van Oord and Kvaerner.

  • Where is Aker Solutions headquarters?

    Aker Solutions headquarters is located at 8 Oksenøyveien, Bærum.

  • Where are Aker Solutions offices?

    Aker Solutions has offices in Bærum, Lysaker, Houston, Luanda and in 20 other locations.

  • How many offices does Aker Solutions have?

    Aker Solutions has 28 offices.