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Aker Solutions ASA: Third-Quarter Results 2024

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OSLO, Norway, Oct. 31, 2024 /PRNewswire/ — Aker Solutions has delivered another strong quarter with growth in revenues, margins and cash generation compared to the same period last year. The outlook for the company remains positive with a large backlog and high tendering activity across market verticals. Based on the solid financial position and positive outlook, the Board of Directors will propose an extraordinary dividend of NOK 21 per share at an Extraordinary General Meeting to be held on November 22, 2024.

3Q 2024 Financial Highlights
(excluding special items)

Revenue NOK 13.2 billionEBITDA NOK 1.2 billion EBITDA margin 9.2 percentEarnings per share NOK 1.70Net cash position NOK 11.7 billion, including investments in liquid fundsOrder intake NOK 6.0 billion (0.5x book-to-bill)Order backlog NOK 64.7 billion

“The solid financial results reflect that we are successfully delivering on our extensive project portfolio, meeting key milestones and fulfilling commitments to our clients. At the same time, we are investing in digital solutions and robotization to both safeguard the delivery of our backlog and improve our competitiveness for future opportunities,” said Kjetel Digre, Chief Executive Officer at Aker Solutions.

Key Developments

Third-quarter revenue increased to NOK 13.2 billion from NOK 9.1 billion a year earlier. EBITDA excluding special items increased to NOK 1.2 billion, or 9.2 percent margin, from NOK 214 million in the year-ago period. The financial results in the quarter were driven by strong operational performance across Aker Solutions’ business segments and a solid contribution from our 20 percent ownership in OneSubsea.

Activity levels continue to be high across business segments and locations. During the quarter, Aker Solutions met several important milestones in its project portfolio, including the anchoring of the Johan Castberg FPSO in the Barents Sea and the connection of power from shore to the Troll West platforms. The Aker BP portfolio of projects is progressing according to plan with construction activity scaling up at our own and partner yards. In addition, the Life Cycle segment reported high activity in both Norway and at international hubs, delivering an EBITDA margin of 7.1 percent in the period.

Order intake for the quarter was NOK 6.0 billion, and the secured backlog at the end of the quarter stood at NOK 64.7 billion. The largest new order in the period was the topside modification contract for Equinor’s Troll Phase 3 Stage 2 project in Norway, where OneSubsea previously was awarded the contract for the subsea production system.

Net cash position, including investments in liquid funds not treated as cash under IFRS16, increased to NOK 11.7 billion in the quarter. Working capital reversal represented a cash outflow of about NOK 1.2 billion in the quarter, while CAPEX was NOK 254 million.

During the quarter, Aker Solutions received the remaining proceeds from the OneSubsea transaction, namely the vendor note and working capital loans provided to OneSubsea. Based on its strong cash position, OneSubsea has decided to pay out a quarterly dividend of USD 35 million to its shareholders in the fourth quarter of 2024, of which Aker Solutions will receive approximately NOK 75 million.  

Outlook

Despite geopolitical uncertainty and volatile energy prices, the outlook remains positive for Aker Solutions. Tender activity is high at about NOK 82 billion, coupled with extensive early phase engagement to mature new projects through the energy consultancy. 

Based on secured revenues and backlog, the company expects full-year 2024 revenues to grow by more than 40 percent compared to 2023. EBITDA margins, excluding net income from OneSubsea, are expected to be around 7.5 percent for the full year of 2024. 

Capital Allocation

Based on the company’s solid financial position and positive market outlook, the Board of Directors has decided to propose an extraordinary dividend of NOK 21 per share to an Extraordinary General Meeting to be held on November 22, 2024, as announced yesterday. The proposed extraordinary dividend is based on the approved annual accounts for 2023 and payment is proposed to take place on December 2, 2024. This comes in addition to the ordinary dividend, where Aker Solutions has paid out about NOK 1.5 billion in 2024 through dividends and share buybacks.

“The proposal for an extraordinary dividend is a testament to the achievements of the entire Aker Solutions organization. After the dividend, Aker Solutions will remain financially robust, enabling us to continue developing the company and our people, as well as providing solid returns for our investors”, said Kjetel Digre. 

Webcast presentation
The third-quarter results will be presented by webcast today, October 31, at 09:00 CET. To join the webcast, go to https://www.akersolutions.com/webcast.  

A Q&A session will follow the presentation. Written questions can be submitted through the webcast solution or sent in advance to preben.orbeck@akersolutions.com, Head of Investor Relations.  

An opportunity for individual press interviews will follow the audiocast. Please direct your interest to hallvard.norum@akersolutions.com, Head of Media & Channels.  

The reports published today, and previous reports, are also available on https://www.akersolutions.com/investors/quarterly-results/

For more information, please contact:
Preben Ørbeck
investor relations
preben.orbeck@akersolutions.com 
+47 470 10 611

Hallvard Norum
media contact
hallvard.norum@akersolutions.com 
+47 913 80 820

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/aker-solutions-asa/r/aker-solutions-asa-third-quarter-results-2024,c4059299

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Baidu to Report First Quarter 2026 Financial Results on May 18, 2026

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BEIJING, April 23, 2026 /PRNewswire/ — Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced that it will report its financial results for the First Quarter 2026 ended March 31, 2026, before the U.S. market opens on May 18, 2026. Baidu’s management will hold an earnings conference call at 8:00 AM on May 18, 2026, U.S. Eastern Time (8:00 PM on May 18, 2026, Beijing Time).

Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of “Baidu Inc. Q1 2026 Earnings Conference Call”. Please follow the steps to enter your registration details, then click “Register”. Upon registering, you will then be provided with the dial-in number, the passcode, and your unique access PIN. This information will also be emailed to you as a calendar invite.

For pre-registration, please click:
https://s1.c-conf.com/diamondpass/10054331-iu876y.html

In the 10 minutes prior to the call start time, you may use the conference access information (including dial-in number(s), the passcode and unique access PIN) provided in the calendar invite that you have received following your pre-registration.

Additionally, a live and archived webcast of this conference call will be available at https://ir.baidu.com.

A replay of the conference call may be accessed by phone at the following number until May 25, 2026:
US: 1 855 883 1031
Reply PIN: 10054331

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and the HKEX under “9888.” One Baidu ADS represents eight Class A ordinary shares.

View original content:https://www.prnewswire.com/news-releases/baidu-to-report-first-quarter-2026-financial-results-on-may-18-2026-302751204.html

SOURCE Baidu, Inc.

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Phase 1 of 139th Canton Fair Introduces New Dedicated Product Zones as Emerging Technologies Take Center Stage

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GUANGZHOU, China, April 23, 2026 /PRNewswire/ — The 139th China Import and Export Fair (Canton Fair) has further optimized its exhibition landscape with nine new dedicated product zones, reflecting ongoing structural shifts in global trade and the continued upgrading of China’s export portfolio.

Among the most closely watched additions in Phase 1 are the consumer and agricultural drone zones, both making their debut at the Canton Fair and offering a focused showcase of applications in the low‑altitude economy. The consumer drone zone showcases progress in flight control, AI‑based obstacle avoidance and energy efficiency across imaging, tourism, emergency response and patrol. The agricultural drone zone highlights precision farming, with spraying, seeding and field‑management demonstrations showing terrain‑following, intelligent route planning, and precise payload control.

On day one, a Shandong‑based drone manufacturer welcomed buyers from 30+ countries, with over 50 strong leads. One buyer, after seeing load and wind‑resistance demonstrations, immediately confirmed three sample units and even proposed becoming a regional distributor.

Display technology is another focal point of Phase 1, highlighting advances in color accuracy, energy efficiency, and overall visual performance. Developments in fine‑grained control, expanded color gamut, and reduced power consumption point to a clear trend toward immersive viewing experiences combined with sustainability gains.

The smart wearables zone underscores how intelligent devices are becoming key interfaces for human‑machine interaction. From real‑time language translation and adaptive noise cancellation to long‑term health monitoring and AI‑enabled eyewear, wearables are evolving from standalone products into integrated systems that support communication, well‑being, and productivity across daily and professional settings.

The service robots zone further illustrates how artificial intelligence is moving from conceptual exploration to large‑scale deployment. Advanced robots showcased across industrial, commercial, medical, and public‑service scenarios demonstrate growing autonomy, multi‑sensory perception, and closer human-robot collaboration.

By bringing emerging technologies into clearer focus through dedicated zones, the 139th Canton Fair is reinforcing its function as a platform where trade trends take shape, innovation meets application, and global buyers gain early insights into cutting-edge technologies.

For pre-registration, please click: https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

Photo – https://mma.prnewswire.com/media/2963958/1.jpg

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OZMOSI Announces Strategic Partnership with Planview to Advance AI-Driven Planning in Pharmaceutical R&D

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By combining structured clinical intelligence with AI-driven portfolio planning, the partnership gives pharmaceutical teams a faster, clearer way to make high-stakes R&D decisions

SPRING LAKE HEIGHTS, N.J., April 23, 2026 /PRNewswire/ — OZMOSI, a leading provider of structured pharmaceutical development intelligence, today announced a strategic partnership with Planview, the leading AI-powered end-to-end platform for Strategic Portfolio Management (SPM) and Digital Product Delivery (DPD).

By integrating OZMOSI’s machine-readable clinical datasets directly into Planview’s AI-driven portfolio planning platform, external scientific data is now connected to internal R&D planning in one system,  helping pharmaceutical organizations better predict market shifts, prioritize R&D investments, and make faster, more confident decisions.

This integration brings external clinical reality into internal R&D decision-making, so teams can plan based on what’s actually happening, not just on what they hope will happen.

The two organizations combine deep expertise in complementary areas, united by a shared focus on improving the quality and usability of data for strategic decision-making. OZMOSI provides structured, machine-readable intelligence across clinical trials, drug development programs, regulatory activity, and scientific literature, built on a consistent taxonomy that standardizes how data is connected and understood. Planview’s platform enables organizations to model complex investment scenarios, align initiatives with corporate strategy, and optimize resource allocation.

Together, these capabilities give teams a clearer, more complete view of the R&D landscape, grounded in clean, standardized data and strengthened by AI-driven analysis.

“AI is only as powerful as the data that fuels it,” said Beau Bush, President and Founder of OZMOSI. “Pharmaceutical organizations have no shortage of data, but too often it’s fragmented, inconsistent, and difficult to operationalize. By bringing OZMOSI’s structured data foundation together with Planview’s AI-driven planning capabilities, we’re enabling teams to move beyond disconnected analysis and toward truly integrated, forward-looking decision-making.”

“Strategic planning in pharmaceutical R&D is becoming increasingly dependent on advanced analytics and AI,” said  Louise Allen, Chief Product Officer at Planview. “Integrating OZMOSI’s clinical intelligence into Planview’s platform enables pharmaceutical leaders to make better decisions by combining trusted external data with AI-driven planning

OZMOSI’s dataset spans more than 800,000 clinical trials, over 35,000 drugs, and 4,000 diseases and conditions. It brings together insights from clinical trial registries, regulatory filings, scientific literature, company disclosures, and industry announcements into a unified, structured dataset.

When integrated into Planview’s platform, this intelligence enables pharmaceutical and biotech organizations to evaluate competitive landscapes, identify emerging clinical trends, and simulate portfolio outcomes with unprecedented precision.

Together, OZMOSI and Planview are redefining how pharmaceutical organizations approach R&D strategy, ensuring that investment decisions are guided by accurate, standardized, and AI-ready data. By combining internal portfolio visibility with a continuously updated external view of the market, the partnership helps leaders not only understand what they have, but what to do next.

About OZMOSI

Founded in 2013, OZMOSI specializes in transforming complex pharmaceutical R&D intelligence into structured, machine-readable data. The company provides the foundation needed for accurate competitive analysis, product forecasting, and portfolio strategy. Through its proprietary taxonomy and semantic layer, OZMOSI connects fragmented data across the pharmaceutical ecosystem, enabling faster, more confident decision-making for global pharma, biotech, and investment teams.

Based in Spring Lake Heights, New Jersey, OZMOSI is focused on making pharmaceutical intelligence clear, usable, and ready for the future of AI-driven strategy. Learn more at www.ozmosi.com.

About Planview

Planview is the leading end-to-end platform for Strategic Portfolio Management (SPM) and Digital Product Delivery (DPD), powered by advanced AI capabilities that give business and technology leaders the strategic foresight to prioritize investments and initiatives, make plans real within constraints, and pivot with certainty when things change. Our AI-driven connected platform of solutions underpins the business and digital transformations of more than 3,000 customers and 3.1 million users globally. Headquartered in Austin, Texas, Planview has over 1,500 employees worldwide. Learn more at www.planview.com.

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SOURCE Ozmosi Company

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