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
AF completes the acquisition of Eviny Solutions17.9.2025 12:06:01 CEST | Press release
With reference to the notice to the stock exchange of 20 June 2025, where AF Gruppen disclosed entry into an agreement to acquire 80 percent of the shares in Eviny Solutions AS. Today AF Gruppen has completed the acquisition of these shares. The remaining 20 per cent of the shares in Eviny Solutions are owned by Eviny AS.
Nominated for new contract at the new Aker Hospital2.9.2025 15:00:00 CEST | Press release
AF Energi, a subsidiary of AF Gruppen, has been nominated by Helse Sør-Øst RHF for the contract concerning plumbing and water treatment systems for the Somatics building at the new Aker Hospital.
Refurbishing Asker Town Hall29.8.2025 12:07:59 CEST | Press release
AF Gruppen has been awarded a collaborative contract by Asker Municipal Pension Fund for the refurbishment of Asker Town Hall.
AF Gruppen with good profitability and solid order backlog in the second quarter of 202529.8.2025 07:00:00 CEST | Press release
AF Gruppen (AFG) increased both revenue and profit compared to same period last year and had a revenue in the second quarter amounting to NOK 7,808 million. Profit before tax was NOK 388 million in the second quarter, resulting in a profit margin of 5.0%. Order intake during the quarter was good, and the order backlog stood at a solid NOK 44,493 million at the end of the quarter.
Building industrial facility in Västerås23.7.2025 15:24:31 CEST | Press release
AF Gruppen’s subsidiary, HMB Construction, has entered into a contract for the construction of an industrial facility for Westinghouse Electric Sweden AB in Västerås. The contract is a turnkey contract with a value of SEK 198 million excluding VAT.
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