“All in all, we believe that the share will rise by 3-5 percent today, but the initial excitement may result in a stronger start to the day,” writes DNB Markets analyst Martin Huseby Karlsen about Aker Solutions in a note on Thursday morning.
The colleague at Danske Bank believes the share can rise 5-9 per cent.
Several brokerage houses expect a price rise for Aker Solutions after the company presented a quarterly report in which both turnover and results were better than expected.
A good intake of orders also led to the company raising its turnover expectations, and it now envisages that revenues will rise by 30 per cent this year, compared to last year. Previously, the company had envisioned growth of 15 percent.
“A strong start, and the consensus should increase the estimates for the 2024 result by around 9 percent,” writes analyst Jørgen Lande at Danske Bank in his update.
DNB Markets points out that Aker Solutions’ operating result before depreciation and amortization (EBITDA) was 25 per cent above consensus expectations, but that it is in line with the brokerage house’s expectations. Although analyst Huseby Karlsen expects the price to rise, he highlights some factors that may dampen the rise, including weak underlying free cash flow.
