Aker Solutions said it is expecting “increased market activity” going forward after profits dropped in the third quarter.
The engineering services firm posted pre-tax income of £9.6million (NOK 111m), down from £55.6m in Q3 2020.
However, the firm pointed to strong order backlog of £4.2bn, up from £3.3bn a year prior and said it was well-positioned for increased project sanctioning in 2022, particularly in Norway.
As of 2019, the firm employed more than 700 people in Aberdeen as part of a workforce of more than 1,700 people UK-wide.
In the UK, the company pointed to its recent team-up with Doosan Babcock and Siemens to create a business positioned for the burgeoning carbon capture, utilisation and storage market.
Chief executive Kjetel Digre said: “We delivered another solid quarter demonstrating that we continue on-track with our growth targets and our transition journey.
“Third-quarter results reflect continued strength in operational performance and further support our confidence in full-year financial guidance. We secured our sixth consecutive quarter of high order intake above 1.0x book-to-bill. This provides a solid foundation for activity increase moving forward.
“Another important development is that we continue to secure order intake from energy transition related work, and this currently represents more than 30 percent of our orderbook. Looking forward, we see increased market activity across areas where we are relevant. Aker Solutions is well positioned to take full advantage of opportunities ahead.”