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4th quarter results 2009: strong cash flow

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Financial performance

·      Cash flow from operating activities of NOK 2.4 billion for the quarter and NOK 4.2 billion for the year

·      Net current operating assets of negative NOK 463 million

·      Net interest bearing debt reduced to NOK 3.7 billion

·      Q4 EBITDA of NOK 1 044 million

·      Dividend proposal of NOK 2.60 per share

   

Orders

·      Booked NOK 12.1 billion in new orders

·      Won TransCanada project for NOK 2.2 billion

·      Announced MMO contracts of NOK 1.2 billion

·      Good quality order backlog at NOK 56.3 billion

 

The full report and presentation can be downloaded from www.akersolutions.com and the links below:

 

ENDS

 

For further information, please contact:

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

 

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

 

Career opportunities: visit http://www.akersolutions.com/CareerCentre

 

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 54 billion and employs approximately 22 000 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. Through its majority-owned holding company Aker Holding AS, Aker controls 40.27 percent of the shares in Aker Solutions, and takes an active role in the development of the company.

 

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

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

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