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Fewer jobs weigh down Aker Solutions result

Norwegian Aker Solutions was unable to deliver an operational result in the 2nd quarter 2013 in line with the result in the same period 2012. Profits were impacted by a decline in jobs, according to the financial report.

Norwegian supplier for the oil industry, Aker Solutions, was unable to maintain the level achieved in 2012 when looking at the company's operational result before tax and impairments (EBITDA), according to the company's financial report for the 2nd quarter 2013, published today. It shows a result of USD 156.2 million, compared to USD 224.6 million in the same period last year.

According to the financial report, this development was caused by the fact that the company was hit by decreased capacity utilization as the order intake in the quarter declined to USD 1.8 billion, versus USD 1.98 billion in the same period 2012. The original order intake for the past quarter was USD 3.6 billion, but a rig contract for USD 1.8 billion was cancelled, and the figure was subsequently lowered.

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