Aker Solutions’ 2020 Revenue to Fall 30%

Aker Solutions expects its revenue to fall by 30% this year, driven down by the impact from the COVID-19 pandemic and the crash in oil prices, and plans to respond with further cost-cutting, the Norwegian oil services company said.

“The depth and scale of the decline is still unclear, but the second quarter is likely to be one of the most uncertain and disruptive quarters our industry has been through,” Chief Executive Luis Araujo said in a statement on Thursday.

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