13 August 2009 - Aker Solutions' second quarter results show consolidated revenues of NOK 14.3 billion and an EBITDA of close to NOK 1.2 billion.EBITDA margin for the quarter was 8.3 percent and order intake was NOK 20.1 billion.

"These results show that we are on track to deliver according to plan in 2009. In this period of continued uncertainty we are pleased to show a strong order intake, adding large and strategically important new contracts to our order backlog", says Simen Lieungh, President & CEO of Aker Solutions.

The Subsea business area recorded high levels of activity with operating revenues close to NOK 4 billion. An EBITDA of NOK 507 million represents a growth of 35 percent compared to same period last year, giving an EBITDA margin of 12.8 percent for the quarter.  The Products & Technologies business area delivered revenues of NOK 3.1 billion, with an EBITDA of NOK 403 million and EBITDA margin of 13.1 percent.

The Process & Construction business area experienced a severe downturn, as its markets for process and construction services have shown particular vulnerability. The Energy Development & Services business area delivered below expectations, due in large part to additional costs associated with finalising the delivery of the H-6e rigs. At the same time, the business area secured a very significant order intake with contracts for the Kashagan field and the gravity base structure (GBS) part of the Sakhalin-1 project.

"The market outlook for 2010 is still uncertain. While we have a strong order backlog of NOK 61.9 billion, we need to secure our competitiveness and win more contracts to ensure the stability of our activity levels between now and 2011", says Lieungh.

For further information, please contact:

Jannik Lindbæk, SVP Corporate Communications, Aker Solutions. Tel: +47 67 51 30 36, Mob: +47 977 55 622

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194

Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact the relevant BA Global Sourcing Champion.

Career opportunities:
Visit http://www.akersolutions.com/careers

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions' business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities. 

Aker Solutions' parent company is Aker Solutions ASA.  Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and employs approximately 23 000 people in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. As an industrial owner controlling 40.27 percent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the development of Aker Solutions.  

This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.

The complete 2nd quarter results 2009 report and presentation are available below and at www.akersolutions.com and www.newsweb.no.