AKRTF - Aker Solutions ASA (AKRTF) Q1 2024 Earnings Call Transcript
2024-04-26 12:33:09 ET
Aker Solutions ASA (AKRTF)
Q1 2024 Results Conference Call
April 25, 2024 3:00 AM ET
Company Participants
Preben Orbeck - Head of Investor Relations
Kjetel Digre - Chief Executive Officer
Idar Eikrem - Executive VP & CFO
Presentation
Preben Orbeck
Hello, everyone, and welcome to Aker Solutions presentation of our first quarter results. My name is Preben Orbeck, and I am the Head of Investor relations. Today, our CEO, Kjetel Digre; and our CFO, Idar Eikrem will give you an update of the main highlights of the quarter. Afterwards, we have time for questions. [Operator Instructions]
So, with that, over to you, Kjetel, for the presentation.
Kjetel Digre
Thank you very much, Preben, and a warm welcome to those of you who are following us online. We appreciate you dialing in. Let me start on the business update and the key highlights of the quarter.
First of all, we keep up our positive development with increased revenues and improved profitability. Our first quarter revenue, excluding special items, was NOK 11.5 billion, which is a 61% increase from the same quarter last year.
Our underlying EBITDA was NOK 987 million, with a margin of 8.6%. Our order intake was NOK 7 billion, and our backlog ended at about NOK 69 billion. More than half of our current backlog are projects under the Aker BP Alliance, with balanced risk-reward profiles and upside potential through shared incentives....
Aker Solutions ASA (AKRTF) Q1 2024 Earnings Call Transcript