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Investing.com -- Aker Solutions (OL:AKSOA) raised its full-year revenue guidance Wednesday after posting first-quarter results that exceeded expectations, driven by strong growth in renewables and continued momentum in oil and gas markets.
The company now expects 2025 revenue to exceed NOK 55 billion, up from a previous range of NOK 50–55 billion. First-quarter revenue rose 25% year over year to NOK 14.4 billion, beating consensus estimates. EBITDA reached NOK 1.21 billion with a margin of 8.4%, also ahead of forecasts.
Order intake surged to NOK 25.6 billion, lifting the book-to-bill ratio to 1.8 and pushing the backlog to NOK 72.1 billion. About NOK 38 billion of that is scheduled for execution in 2025, giving the company strong near-term visibility.
Key contract wins included offshore wind and carbon capture projects, as well as HVDC platforms.
Net income was NOK 640 million, with earnings per share of NOK 1.38. The company ended the quarter with NOK 3.4 billion in net cash.
Aker Solutions maintained its EBITDA margin guidance of 7–7.5%, excluding contributions from its OneSubsea stake. It continues to expect over $250 million in dividends from OneSubsea this year.
The company cited an NOK 85 billion tender pipeline, two-thirds of which is tied to oil and gas opportunities in Europe.
Aker Solutions shares closed at NOK 27.90 on Tuesday. Barclays (LON:BARC) rates the stock “equal weight” with a NOK 46 target, while RBC Capital Markets holds a “sector perform” rating and NOK 33 target.