Aker Solutions Hldg Asa (AKRTF) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:06.221 Good morning and welcome to AUX Solutions presentation of our first quarter results. 00:00:06.221 -- 00:00:10.548 My name is Preben Ørbæk and I'm the Head of Investor Relations. 00:00:10.548 -- 00:00:15.676 Joining me today is our CEO Kjetil Digre and our CFO Idar Eikre. 00:00:15.676 -- 00:00:19.522 They will take you through the main developments of the quarter. 00:00:19.522 -- 00:00:22.665 After the presentation, we have time for questions. 00:00:22.665 -- 00:00:28.570 Those who are following the webcast can submit your questions via the online platform. 00:00:28.570 -- 00:00:32.892 And with that, I leave the floor to Kjetil Digre. 00:00:34.375 -- 00:00:38.219 Thank you, Preben, and welcome to everyone tuning in. 00:00:38.219 -- 00:00:43.363 Let me start our presentation with the main messages for today. 00:00:43.363 -- 00:00:50.007 First and foremost, I'm happy to see that we continue to deliver solid financial results. 00:00:50.048 -- 00:00:55.054 The first quarter revenue was 14.4 billion kroner, a 25% 00:00:55.054 -- 00:01:00.639 growth from the same period last year, with an EBITDA margin of 8.4%. 00:01:01.603 -- 00:01:06.649 I am also pleased to see the financial performance of OneSubsy, delivering EBITDA margins 00:01:06.649 -- 00:01:09.150 of more than 20%. 00:01:09.653 -- 00:01:15.060 During the quarter, we signed new orders worth 25.6 billion kroner. 00:01:15.060 -- 00:01:20.204 Most of the order intake came from projects within offshore wind and CCS. 00:01:20.778 -- 00:01:25.684 I want to highlight some key features of these second-generation renewables and transitional 00:01:25.684 -- 00:01:28.885 energy projects in Aker Solutions. 00:01:29.188 -- 00:01:35.172 Firstly, they have balanced risk-reward profiles with shar...