AF Gruppen wins the Stockman Prize for best reporting to the financial markets
AF Gruppen has been named as the recipient of the 2022 edition of the Stockman Prize, which is awarded to companies listed in Norway who set themselves apart in the way they provide ongoing updates and engage in their financial reporting.
According to the prize jury, the company rates highly in terms of supplying open, credible and consistent information to all market stakeholders, while ensuring that its annual interim reports outline a clear and long-term strategy, market information and industry trends, financial goals and dividend policies.
“We are proud to have been awarded this prize at the first time of being nominated. We are committed to communicating financial information in an open, consistent and comprehensible manner, and we attach significant importance to this task,” says Anny Øen, AF Gruppen’s Chief Financial Officer.
The prize is awarded annually to listed companies in two different categories: the Open Class and the Small and Medium Enterprises Class. The prize is awarded by Finance Society Norway (FFN). The winners were announced during FFN’s seminar on financial reporting held on Thursday 22 September.
The Stockman Prize is the market’s own distinction as it is based on direct input from brokerage firms and Norway’s major investors. Stakeholders are asked to nominate suitable candidates in each category and to complete a market survey based on a list of criteria supplied by the FFN Stockman Prize committee who are tasked with selecting the winner.
The committee places particular emphasis on ESG criteria (i.e. Environmental, Social and Governance). ESG is weighted at 30 per cent in the evaluation of all criteria.
Anny ØenCFOTel:+47 982 23 email@example.com
About AF Gruppen ASA
AF Gruppen is a leading contracting and industrial group that was formed by an entrepreneurial spirit and execution capabilities. The group has 5,400 employees and revenue reached NOK 27 billion in 2021. AF Gruppen is listed on Oslo Stock Exchange (AFG).
We provide a broad range of services with seven operational business areas: Civil Engineering, Building, Betonmast, Property, Energy and Environment, Sweden and Offshore.
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Latest releases from AF Gruppen ASA
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AF Gruppen recorded growth of 18% for Q3 2022. Revenues amounted to NOK 7,537 million and profit before tax amounted to NOK 263 million in the quarter.
Building more homes north of Stockholm1.11.2022 12:33:38 CET | Press release
AF Gruppen’s subsidiary HMB Construction has been awarded to build further 151 homes in central Knivsta, north of Stockholm. The value of the contract is SEK 270 million, excluding VAT.
Awarded new contract by the City of Oslo19.10.2022 15:35:46 CEST | Press release
AF Gruppen has been the appointed contractor for the construction of the new water treatment plant at Huseby in Oslo, as part of the New Water Supply project. The contract is a partnering contract in an alliance between the City of Oslo / Water and Sewage departement, projecting partners (Multiconsult, Asplan and Cowi) and AF Gruppen.
TotalEnergies EP Nederland and AF Offshore Decom sign major contract for the removal and recycling of installations in the North Sea13.10.2022 10:03:52 CEST | Press release
We refer to public announcement September 21st 2022. TotalEnergies and AF Offshore Decom have signed a contract for the engineering, preparation, removal, transportation, dismantling and recycling (EPRD) of 10 production platforms from the L7 field in the Dutch sector of the North Sea. The total weight of these installations is around 17.000 metric tons, and the objective is to recycle up to 98% of all materials. The scope also includes installation work and preparations for redevelopment of infrastructure for the future use for carbon capture and storage (CCS). The structures will be prepared for removal and lifted by selected, fit for purpose vessels from local supply chain and transported to the purpose-built recycling facility for oil and gas infrastructure, the AF Environmental Base Vats in Norway. This execution strategy is fulfilling our joint ambition to deliver a sustainable project that is cost and energy efficient, safe, and predictable. We are part of the circular economy a
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