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Aker Solutions looking for profits beyond Norway

Offshore supplier Aker Solutions took a big hit in the third quarter, and the company sees the challenging Norwegian oil service market continue in spite of a more stable oil price. Aker Solutions thus points to a bigger growth potential outside Norway.

Photo: Aker Solutions

The dire offshore market once again pulls Aker Solutions down across the board once again.

The offshore supplier, controlled by Norwegian shipowner and major investor Kjell Inge Røkke, finished the third quarter of the year with a significantly lower result than in the same period last year. The bottom line came to USD 14.5 million against USD 24.8 million in the same quarter last year, according to the company's interim report, published Friday.

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