AF Gruppen ASA

AF Gruppen has been chosen by Nedre Romerike vann- og avløpsselskap (NRVA) as the main contractor for the collaborative contract involving the expansion of the existing wastewater treatment plant in Strømmen, Romerike.

AF Gruppen’s subsidiary HMB has been commissioned to build 113 apartments in Luthagen for Bonova. The project will be carried out as a turnkeu contract in two phases, with an option for phase two. The contract amount for both phases is MSEK 297 excluding VAT.

AF Gruppen has been awarded the contract to build a new sewage treatment plant in Knislinge in Östra Göinge municipality on behalf of Skåne Blekinge Vattentjänst AB (SBVT). The value of the contract is SEK 261 million excluding VAT. The contract will be carried out as a turnkey contract.

Helgesen Tekniske Bygg AS (HTB), a subsidiary of AF Gruppen, has signed a contract with Høgafjellet Eigedom AS for the construction of a new warehouse and logistics building at Espevoll in Osterøy municipality. The contract is a turnkey contract valued at NOK 111 million excluding VAT.

Åsane Byggmesterforretning, a company within the AF Gruppen, has been selected by Bergen Municipality as the general contractor for the construction of Haugland Housing Community. The contract value is approximately NOK 125 million excluding VAT.

Aeron, a company in AF Gruppen, has been awarded an EPCi contract for the supply of complete ventilation and cooling systems for a 2GW offshore wind project, which is part of a large development project under the auspices of the Dutch, state-owned company TenneT. Upon completion, the project will produce electricity to households in Germany and the Netherlands. The agreement with Aeron has a value that exceeds MNOK 500 excl VAT.

AF Gruppen’s subsidiary HMB has been commissioned to build 87 apartments in Nockebyhov/Bromma in the Stockholm municipality on behalf of Familjebostäder. The contract amount is MSEK 178 excluding VAT. The project will be carried out as a turnkey contract.

AF Gruppen recorded first quarter revenues of NOK 7,187 million. Profit before tax was NOK 186 million in the quarter, an improvement from the corresponding quarter in 2023. In the first three months of the year, the group had a very strong increase in revenue within Civil Engineering and solid order intake within Construction.

AF Energi og Miljø AS has completed the acquisition of 70 percent of the shares in ETA Norge AS. ETA Norge is a highly competent contractor in bioenergy. The company was established in 2023 and has 13 employees. In 2023, the company had a turnover of NOK 97 million with an operating margin of 18.5 percent. The company delivers heating systems to agriculture and industry, and assists with project planning, installation, and service.

AF Gruppen has entered into an agreement with Storøykilen Utvikling AS, a wholly-owned subsidiary of OBOS Fornebu AS, to build Block 4 in the residential project Storøykilen at Fornebu in Bærum. The project will be carried out as a turnkey contract and has a value of approximately NOK 425 million incl. VAT.

LAB Entreprenør, a company in AF Gruppen, has entered into an agreement with REQ for the rehabilitation and conversion of Augustin Hotel in Bergen. The contract is a turn key contract valued at approx. NOK 115 million, excluding VAT.

Strøm Gundersen AS, a company within AF Gruppen, has been selected as the contractor for two contracts for the construction of a hotel and an office building in Brakerøya, Drammen. Both contracts are turnkey contracts and have a combined value of NOK 516 million excluding VAT.

Fundamentering AS (FAS), a company within AF Gruppen, has entered into a contract with Metrostav Norge AS for foundation work on the Ramfjord Bridge in Troms. The client is the Norwegian Public Roads Administration. The contract is valued at approximately NOK 100 million excluding VAT.

LAB Entreprenør, a company within AF Gruppen, has entered into an agreement with Gjelsten Bolig (formerly known as Profier) for the residential project Sjøbodene in Sandviken, Bergen. The contract is a turnkey project with an estimated value of approximately NOK 285 million excluding VAT.

LAB Entreprenør AS, a company within the AF Gruppen, has been selected as the contractor by BIR AS (Bergensområdets Interkommunale Renovasjonsselskap) for the construction and infrastructure of a new biogas plant in Voss. The contract is a turnkey project with an estimated value of approximately NOK 120 million (excluding VAT).

LAB Entreprenør AS, a company in AF Gruppen, has entered into an agreement with Sandsli Stasjon AS, a wholly-owned subsidiary of Nåbo AS (formerly Bonava), for the residential project Sandsli Stasjon in Sandsli, Bergen.

AF Gruppen recorded fourth quarter revenues of NOK 8,378 million. Profit before tax was NOK 292 million in the quarter, corresponding to a profit margin of 3.5%. The order backlog was NOK 41,991 million at the end of the quarter.

AF Gruppen has been nominated as the contractor by the South-Eastern Norway Regional Health Authority for the construction of temporary office and accommodation facilities at the New Rikshospitalet (Oslo University Hospital) in Gaustad, Oslo. The agreement covers the setup, operation, and dismantling of offices, dining, and changing facilities. The estimated value of the contract is NOK 129 million excluding VAT.

AF Gruppen has signed an agreement with KLP Eiendom to build the Nora project in Bislett, Oslo. The project includes the demolition of existing buildings and the construction of 165 apartments, as well as parking garages and commercial areas at Pilestredet 75. The contract is a turnkey contract with a value of NOK 906 million excluding VAT.

AF Gruppen's subsidiary, Kanonaden Entreprenad, was awarded the contract to construct and install two new series compensation stations for Svenska kraftnät. The contract will be carried out in a consortium with Hitachi Energy. Kanonaden's share of the contract is around SEK 219 million, excluding VAT.