AF Gruppen's growth continues
AF Gruppen’s revenues were NOK 3,399 million (3,108) in the 3rd quarter. Earnings before tax were NOK 232 million (265 million) in the 3rd quarter. The profit margin was 6.8% (8.5%) in the 3rd quarter.
A strong order intake during the quarter resulted in an order backlog of NOK 20,183 million (11,200 million) as at 30 September 2017. Net operating cash flow was NOK 410 million (174 million) in the 3rd quarter.
AF Gruppen has a strong financial position, and the group had net interest-bearing receivables of NOK 1,068 million (473 million) as at 30 September 2017. The Board of Directors has proposed a divided of 3.50 (3.00) per share for the second half of the year.
The number of employees as at Q3 was 3,835 (3,091). AF imposes the same strict safety requirements on its partners and suppliers as on its own organisation. Figures from the subcontractors are therefore included in the injury statistics. The LTI rate for the third quarter was 0.7 (1.7). Q3 sickness absence was 2.6% (3.4%).
“AF Gruppen continues to grow and delivered good earnings in the 3rd quarter. The strong growth is responsible for a lot of jobs, and we’re recruiting more new employees than ever. This requires us as managers and colleagues to learn from both recently graduated and new, experienced colleagues. At the same time we will continue to develop a culture based on distinct core values and a focus on health, safety and the environment.
Our vision is to clear up the past and build for the future. AF Gruppen shall be an industry leader in environmental solutions and have expertise on the environment and energy. There are numerous business opportunities in the circular economy. With engineering skills and focus on entrepreneurship, AF has developed strong professional expertise in the field of exploiting waste resources and energy-efficient solutions. By seeing opportunities in challenges to society we will continue to create profitable and sustainable solutions,” says CEO Morten Grongstad of AF Gruppen.
Contacts
Morten GrongstadCEO
Tel:+47 991 53 905morten.grongstad@afgruppen.noSverre HæremCFO
Tel:+952 45 167sverre.herem@afgruppen.noWibecke BrusdalCommunication Director
Tel:+47 930 93 150wibecke.brusdal@afgruppen.noImages
About AF Gruppen ASA
AF Gruppen is a leading contracting and industrial group. The purpose of our business is to create value for our customers, owners, employees and society at large. We are proud of our good financial results, but every bit as important are the non-financial values that we create every day. A safe working environment for our employees and sub-contractor personnel, new services that help solve society’s environmental challenges and ethical business operations that create security for our customers. This in turn provides us with the opportunity to create additional value for our owners.
Subscribe to releases from AF Gruppen ASA
Subscribe to all the latest releases from AF Gruppen ASA by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from AF Gruppen ASA
Rehabilitating dam infrastructure for Statkraft15.10.2025 13:03:26 CEST | Press release
AF Gruppen has signed a contract with Statkraft for the rehabilitation of the Hyttfoss Dam in Trondheim Municipality. The rehabilitation of the dam aims to ensure safety and maintain the reservoir’s ability to support renewable energy production at nearby hydropower plants.
Contract Awarded by the Swedish Fortifications Agency6.10.2025 11:08:04 CEST | Press release
HMB Construction, part of AF Gruppen, has been commissioned by the Swedish Fortifications Agency to carry out a construction project at Ärna F16 in Uppsala. The contract value is approximately SEK 112 million, excluding VAT.
End-to-end decommissioning contract30.9.2025 09:18:03 CEST | Press release
AF Gruppen has, through its subsidiary AF Offshore Decom and in a joint venture (JV) with THREE60 Energy, been awarded a contract with bp to provide integrated decommissioning services for their Andrew field in the North Sea
Rehabilitating the Norwegian School of Sport Sciences30.9.2025 08:40:38 CEST | Press release
AF Gruppen has been awarded a collaborative contract by Statsbygg for the maintenance and rehabilitation of the Norwegian School of Sport Sciences at Sognsvann in Oslo. The project includes approximately 16,000 square meters of existing building stock, comprising sports facilities, teaching spaces and office areas, along with associated technical installations.
Awarded new contract by Hafslund Celsio29.9.2025 14:08:32 CEST | Press release
AF Gruppen has been selected as the contractor for the construction of a new technical building and foundations for the carbon capture facility to be built at Hafslund Celsio’s waste incineration plant at Klemetsrud in Oslo. This will be one of the world’s first carbon capture facilities for waste incineration, and the project is part of the Norwegian government’s Longship initiative.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom