Aker Solutions Sees Outlook Improving in H2 2020

Norwegian oil services firm Aker Solutions said on Wednesday the outlook has improved for the second half of the year with oil prices partly recovered from the lows in April and Norway offering tax incentives for the oil industry.

Its full-year 2020 revenue, however, is still expected to fall by about a quarter year-on-year to 21-22 billion Norwegian crowns ($2.35 billion) as oil firms have slashed investments by 20-30% due to a plunge in petroleum demand.

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