Aker Solutions: Growth to be found outside Norway

Aker Solutions noted a decline in the second quarter at a time where the offshore crisis is still squeezing suppliers. The greatest growth potential lies outside Norway, though offshore is also subdued here, writes Aker in its interim report.

Photo: Hjalmar Otto Fjøsne/Aker Solutions

Norway's Aker Solutions had to see its results decline in the second quarter of 2016, where revenue fell to USD 828 million from USD 947 million. Meanwhile, the earnings before tax (EBIT) declined to USD 37.7 million from  USD 44 million in the second quarter of 2015, according to the quarterly report on Wednesday.

However a look at the adjusted earnings (EBITDA) reveals that Aker Solutions bounced from USD 64.7 million last year to USD 66.6 million this year.

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