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Provider: Wright Reports
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Aker Solutions ASA Issues Q3 2013 and Q4 2013 Financial Guidance


Monday, 29 Apr 2013 02:10am EDT 

Aker Solutions ASA announced that the slow start to fiscal year 2013 reflects both increased market uncertainty and portfolio sensitivities. While the Company still experiences a high level of tender activity, the order intake in the next quarters is more at risk than in previous quarters because of recent postponements or cancellations of some projects. The Company expects greater clarity in the next three months on how portfolio sensitivities, such as Ekofisk Zulu and Skandi Aker, will develop. Provided that these projects are completed as planned and that the various business areas have a normal capacity utilization, the Company expects the financial performance, excluding one-off items, to be better in the third and fourth quarters of 2013 than in the corresponding quarters of fiscal year 2012 and in line with the Company's five-year plan. 

Company Quote

85.55
-0.6 -0.70%
19 Sep 2014