Aker Solutions ASA (AKRTF), a Norwegian engineering firm, on Friday reported a decline in net profit for the second quarter, reflecting higher operating expenses, depreciation and amortization, and negative net financial items. However, the company posted an increase in revenue.
For the second quarter, the company recorded a net income of NOK 311 million, or NOK 0.65 per basic share, less than NOK 535 million, or NOK 1.10 per basic share, in the same period last year.
Excluding items, earnings were NOK 693 million, or NOK 1.46 per share, compared with NOK 862 million, or NOK 1.78 per share, a year ago.
Profit before tax was NOK 380 million as against the prior year's NOK 668 million. EBIT was NOK 899 million, compared with NOK 940 million. EBITDA was NOK 1.257 billion, higher than NOK 1.206 billion in the previous year.
Operating expenses moved up to NOK 13.898 billion from last year's NOK 11.620 billion. Depreciation and amortization stood at NOK 358 million as against NOK 258 million in 2024. Net financial items were negative NOK 520 million, compared with negative NOK 272 million a year ago.
Revenue was NOK 14.967 billion, up from the prior year's NOK 12.661 billion.
Looking ahead, the company, said: "Aker Solutions continues to expect 2025 revenues to exceed NOK 55 billion with EBITDA margins of between 7 and 7.5 percent, excluding net income from OneSubsea."
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