Aker Solutions Hldg Asa (AKRTF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to AUX Solutions presentation of our first quarter results. My name is Preben Ørbæk and I'm the Head of Investor Relations. Joining me today is our CEO Kjetil Digre and our CFO Idar Eikre. They will take you through the main developments of the quarter. After the presentation, we have time for questions. Those who are following the webcast can submit your questions via the online platform. And with that, I leave the floor to Kjetil Digre. Thank you, Preben, and welcome to everyone tuning in. Let me start our presentation with the main messages for today. First and foremost, I'm happy to see that we continue to deliver solid financial results. The first quarter revenue was 14.4 billion kroner, a 25% growth from the same period last year, with an EBITDA margin of 8.4%. I am also pleased to see the financial performance of OneSubsy, delivering EBITDA margins of more than 20%. During the quarter, we signed new orders worth 25.6 billion kroner. Most of the order intake came from projects within offshore wind and CCS. I want to highlight some key features of these second-generation renewables and transitional energy projects in Aker Solutions. Firstly, they have balanced risk-reward profiles with shared incentives. And secondly, they have a joint focus on standardization to drive down costs. Furthermore, shareholder distribution continues to be a key priority for Aker Solutions. The annual general meeting approved earlier this week the cash dividend of 3.3 kroner per share to be paid in May, based on the fiscal year of 2024. We continue to have high activity across our business segments and locations, both in Norway and in our international hubs. I want to thank all our 11,800 people for their hard work in this period. A few key highlights in the f...