Aker Solutions ASA : Aker Solutions ASA: Fourth quarter and preliminary annual results 2012

Aker Solutions ASA : Aker Solutions ASA: Fourth quarter and preliminary annual
                                 results 2012

15 February 2013 - Aker Solutions reported revenues of NOK 12.0 billion and
earnings before interest, tax, depreciation and amortisation of NOK 1.2
billion in the fourth quarter of 2012. Based on the preliminary annual
results, which show revenues of NOK 44.9 billion and EBITDA of NOK 4.7
billion, the Board of Directors proposes to pay a dividend of NOK 4.00 per
share.

"The performance in the fourth quarter can be described as solid, rather than
spectacular. The first full year of operation since the restructuring of Aker
Solutions has generated strong results, mainly due to favourable development
in the larger business areas like Subsea, Drilling Technologies, MMO and
Engineering. Year-on-year group revenues increased 25 per cent and, when
non-recurring items are excluded, the EBITDA margin improved by 2.4 percentage
points compared with 2011. To put it succinctly, Aker Solutions develops and
grows according to our five-year strategic plan", says Øyvind Eriksen,
executive chairman of Aker Solutions.
Fourth quarter consolidated revenues amounted to NOK 12 034 million, an
increase of 4 per cent compared with the corresponding quarter in 2011. EBITDA
in the fourth quarter of 2012 rose 16.5 per cent to NOK 1 220 million. The
figures include non-recurring items of NOK 160 million from the sale of real
estate.

High activity
The increase in operating revenues and EBITDA reflect generally strong markets
and high activity in the oil and gas industry. The EBITDA margin in the fourth
quarter of 2012 was 10.1 per cent (adjusted EBITDA margin was 8.9 per cent).
The corresponding figure for fourth quarter of 2011 was 9.0 per cent. Order
intake in the fourth quarter was NOK 9.1 billion, taking the order backlog to
NOK 56.7 billion at the end of the year. Revenues for the year rose 23 per
cent to NOK 44 922 million from NOK 36 474 million. EBITDA for the year was
NOK 4 739 million compared to NOK 3 445 million for the year 2011. The
full-year EBITDA margin was 10.5 per cent compared to 9.4 per cent in 2011.

Dividend proposal
Earnings per share for 2012 were NOK 8.44. The board has resolved to propose
to the annual general meeting in 2013 that the company pays NOK 4.00 per share
in dividend for 2012.

ENDS

For further information, please contact:

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30
39, Mob: +47 91 13 71 94, E-mail: lasse.torkildsen@akersolutions.com

Media:
Ivar Simensen, Acting Chief Communication Officer, Aker Solutions. Tel: +47 67
59 41 90, Mob: +47 46 40 23 17, E-mail: ivar.simensen@akersolutions.com

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

Aker Solutions provides oilfield products, systems and services for customers
in the oil and gas industry world-wide. The company's knowledge and
technologies span from reservoir to production and through the life of a
field.

Aker Solutions brings together engineering and technologies for oil and gas
drilling, field development and production. The company employs approximately
25 000 people in more than 30 countries. They apply the knowledge and create
and use technologies that deliver their customers' solutions.

Aker Solutions ASA is the parent company in the group, which consists of a
number of separate legal entities. Aker Solutions is used as the common brand
and trademark for most of these entities. In 2011 Aker Solutions had
aggregated annual revenues of approximately NOK 36.5 billion. The company is
listed on the Oslo Stock Exchange.

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

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Fourth quarter presentation 2012
Fourth quarter report 2012

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Source: Aker Solutions ASA via Thomson Reuters ONE
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