Aker Solutions ASA is a Norwegian engineering company that designs, builds and maintains offshore energy facilities and subsea production systems. It is registered at Oksenøyveien 8 in Lysaker outside Oslo and reports 11,700 employees across 38 locations. Its shares trade on Oslo Bors under the ticker AKSO, and the company is registered in Norway as no. 913 748 174. Paal Eikeseth became president and chief executive on 1 September 2026, succeeding Kjetel Digre, who stepped down after six years in the role.
What the company delivers
The portfolio is organised around studies and front-end engineering, fixed and floating production facilities, subsea production systems and life-of-field services, and maintenance, modifications and decommissioning. Digital and artificial intelligence work runs across those areas rather than as a separate division, and the company is building up its renewable and low-carbon business in offshore wind, hydropower equipment, carbon capture, utilisation and storage and small modular reactors. Manufacturing and project execution are concentrated in Norway, with Stord among its main yard locations, and it operates internationally from hubs in the United Kingdom, Canada, Brazil, Malaysia and elsewhere. Its Entr unit, presented separately on the company's website with its own markets and services pages, covers new-energy engineering work.
Second-quarter and first-half 2026 results
In results published on 14 July 2026, Aker Solutions reported second-quarter revenue of NOK 13.1 billion and EBITDA excluding special items of NOK 1.2 billion, a margin of 9.2 per cent, or 7.9 per cent when the net profit contribution from SLB OneSubsea is excluded. Earnings per share were NOK 1.37. Order intake was NOK 9.9 billion, a book-to-bill ratio of 0.8 times, and the secured backlog at the end of June 2026 stood at NOK 77.2 billion. For the first half revenue was NOK 26.5 billion, EBITDA NOK 2.4 billion at an 8.9 per cent margin, earnings per share NOK 2.67 and order intake NOK 38.7 billion, or 1.5 times book-to-bill. The company ended the quarter with NOK 4.3 billion of net cash including investments in liquid funds, after distributing NOK 4.2 billion in ordinary and extraordinary dividends to shareholders during the period. For the full year 2026 it guided to revenue of NOK 50 billion to NOK 55 billion and an underlying EBITDA margin of around 7.5 per cent, both excluding net profit from SLB OneSubsea.
SLB OneSubsea and the subsea business
Aker Solutions holds a 20 per cent ownership interest in SLB OneSubsea, the subsea production systems joint venture, and reports its share of the venture's net profit separately from its own operating margin. Management said it expected distributions from SLB OneSubsea to increase in the second half of 2026, keeping the full-year distribution broadly in line with 2025. The group's own subsea scope covers subsea production systems and the lifecycle services around them, sold alongside its topside and floating facility engineering.
Contracts and projects in 2026
- Long-term maintenance and modifications frame agreements with Equinor, announced on 8 January 2026, followed on 16 February 2026 by a long-term maintenance, modifications and operations frame agreement with Aker BP.
- A front-end engineering and design contract for a CO2 terminal in Lithuania for KN Energies, announced on 19 March 2026, and a FEED contract from Equinor on 5 May 2026 for the Atlantis subsea tie-in to the Kvitebjorn platform.
- A five-year engineering and maintenance service agreement with Cenovus Energy covering the White Rose field assets offshore eastern Canada, announced on 26 June 2026.
- A contract from Tussa Energi on 29 June 2026 to supply all electromechanical equipment for the Tussa II hydropower plant.
- An HVDC substructure award that, with Tussa II and the Cenovus agreement, drove the NOK 9.9 billion of second-quarter order intake.
Low-carbon, nuclear and offshore wind work
On 29 April 2026 Aker Solutions signed a memorandum of understanding with Rolls-Royce SMR covering small modular reactor energy projects, and on 4 May 2026 it joined Var Energi and KNCC in a memorandum of understanding to advance the Trudvang carbon capture and storage project in the North Sea. The company said on 24 August 2026 that it would work with Microsoft to accelerate carbon capture and removal projects. Its Entr unit was awarded USD 1.2 million in June 2026 to accelerate a CO2 transport and storage project in Canada, and in July 2026 Entr and Unitech Power Systems were named as supporters of Scotland's Bellrock offshore wind farm. Aker Solutions also opened a Visioneering centre in Stavanger in April 2026 to support project execution and safety, and in the second quarter it completed the load-out of the Hugin B topside for Aker BP and began construction on Norway's second-generation carbon capture and storage projects.
Reporting, ownership and governance
Aker Solutions publishes quarterly reports, an annual report, a corporate governance report and sustainability reports covering its environmental impact and the reporting frameworks it follows. Its board has eleven directors, seven elected by shareholders and four by employees, and the company holds an annual general meeting normally in early April. Investor relations and media enquiries are handled by named contacts at Fornebu and Stavanger - Preben Orbeck for investors and Hallvard Norum for media - with contact by telephone or through the site's message form rather than a general published mailbox.