North Sea oil services firm Aker Solutions bucked recent trends after being boosted by a strong order book for its 2013 numbers.
The Norwegian firm saw its order intake for the final three months of the year swell to more than £1.2billion, up from £700million the previous year, boosting the overall backlog to £5.7billion.
Earnings were in line with 2012’s figures, at £104billion compared to £107million the previous year, although the 2012 numbers were boosted by real estate sales.
The firm’s subsea operations saw profits up more than 11%, while engineering work was boosted through new hubs opening in London and the USA, while lower oil spending in Norway brought down earnings in the engineering division.
“Our subsea business became a market winner in the fastest-growing offshore segment and our engineering unit managed to turn a slow start to the year into an opportunity to cement its position over the next decade,” said chairman Øyvind Eriksen.
Last year the firm said it was to scale back investment after switching its focus from growth to profits.
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