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.
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Latest releases from AF Gruppen ASA
Upgrades smolt facility2.7.2025 11:00:00 CEST | Press release
Helgesen Tekniske Bygg AS (HTB), a company within AF Gruppen, has signed a turnkey contract with a fish farming company for the upgrade of a smolt facility in Western Norway. The contract value is approximately NOK 160 million, excluding VAT.
Building production facility in Ølen30.6.2025 15:00:00 CEST | Press release
Helgesen Tekniske Bygg AS (HTB), a company within AF Gruppen, has signed a turnkey contract with Øvrehagen 2 AS for an extension to Fatland Ølen’s production facility in Ølen. The contract value is NOK 213 million excluding VAT.
Awarded contract from Forsvarsbygg23.6.2025 08:05:00 CEST | Press release
Helgesen Tekniske Bygg AS (HTB), a subsidiary of AF Gruppen, has received a contract award notification from Forsvarsbygg for the construction of a building as a turnkey project. The assignment will have a value of NOK 158 million excluding VAT.
AF Gruppen acquires Eviny Solutions20.6.2025 08:38:55 CEST | Press release
AF Gruppen takes a position within electrical infrastructure and has entered into a share purchase agreement to acquire 80 percent of the shares in Eviny Solutions.
Onshore Disposal Services Contract for AF Gruppen12.6.2025 13:15:27 CEST | Press release
AF Gruppen has today received a notification of award for a contract from Heerema Marine Contractors (HMC) for the engineering, receipt, dismantling and recycling of a production platform from the UK sector of the North Sea.
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