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Aker Solutions Q2 Order Intake Declines YOY; Order Backlog Up

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Norwegian energy engineering firm Aker Solutions Tuesday reported that its order intake for Q2 decreased year over year, but its order backlog grew.

The company's Q2 order intake totaled 9.92 billion Norwegian krone ($1.02 billion), down from the previous year's 10.93 billion krone, according to the report.

Order backlog at the end of the quarter, meanwhile, stood at 77.17 billion krone, up versus the prior year's 67.95 billion krone.

During the quarter, Aker Solutions secured a long-term engineering and maintenance agreement with Cenovus Energy (CVE) for the White Rose field assets in Canada, and was awarded a supply contract for Tussa II hydropower plant's electromechanical equipment.

The company said it has also completed the load-out of Hugin B platform topside for Aker BP and has begun the construction of carbon capture and storage project in Norway.

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