Aker Solutions Expects Drop in 2020 Revenue

Aker Solutions will likely see a 14% drop in revenue in 2020, reversing the gains made last year, the company said while reporting a decline in fourth-quarter earnings on Friday.

Earnings before interest, tax, depreciation and amortization (EBITDA), excluding one-offs, fell to 434 million Norwegian crowns ($47.04 million) in the final quarter of 2019 from 495 million crowns a year earlier.

In 2019, revenue grew to 29.3 billion crowns from 25.2 billion the previous year.

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