AF Gruppen ASA

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.

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.

AF Bygg Väst, a part of AF Gruppen Sweden, has been awarded the contract to build a new multi-sports hall in Slottsskogen, Gothenburg. The contract is valued at approximately SEK 215 million excluding VAT.

LAB Entreprenør, a subsidiary of AF Gruppen, has entered into an agreement with Handelens og Sjøfartens Hus AS for the rehabilitation of Handelens og Sjøfartens Hus in central Bergen. The contract is valued at NOK 342 million excluding VAT, and will be carried out as a turnkey project.

AF Gruppen’s subsidiary, Kanonaden Entreprenad Mälardalen AB, will, in collaboration with ByggDialog AB, construct a new wastewater treatment plant in Gävle for Gästrike Vatten. Kanonaden’s share of the contract involves groundwork, foundation works, and pipe installations, with a contract value of approximately SEK 500 million excluding VAT.

AF Gruppen has been awarded a collaborative contract by Statsbygg for the construction of a new building adjacent to the police headquarters at Grønland in Oslo. The project includes development and approximately 7,000 square metres of new premises, connected to the existing police facilities. It will house areas with specialised requirements as well as standard office space.

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.

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.

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 takes a position within electrical infrastructure and has entered into a share purchase agreement to acquire 80 percent of the shares in Eviny Solutions.

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.

AF Bygg Väst, a part of AF Gruppen Sverige, has been commissioned by the Port of Gothenburg to construct a new power station in Skandiahamnen, Gothenburg. The contract is a turnkey project with a contract value of SEK 129 million excluding VAT.

LAB Entreprenør, a company within the AF Gruppen, has signed an agreement with Gjelsten Bolig to build a new residential project in Møllendalsveien, Bergen.

HMB Construction, a part of AF Gruppen Sweden, has signed an agreement with Förvaltningsbolaget Nordhall Handelsbolag for a major expansion of Ahlsell’s distribution centre in Hallsberg, where Ahlsell Sverige AB is the tenant. The contract value amounts to approximately SEK 560 million excluding VAT.

AF Gruppen has been selected by Helse Sør-Øst RFH as the contractor for the structural work contract at the New Rikshospitalet. The agreement has a contract value of NOK 960 million, excluding VAT.

AF Bygg Syd has signed a contract with Envidan, which will construct a new water treatment plant in Trelleborg. The contract value is approximately SEK 273 million excluding VAT.

AF Gruppen recorded first quarter revenues of NOK 7,129 million. Profit before tax was NOK 214 million for the quarter, an improvement from the corresponding quarter in 2024. The Group has a strong order backlog, with an increase of almost NOK 4 billion since the previous quarter.

AF Gruppen has been selected as the contractor by LKF, Lunds Kommun Fastighets AB, to build 117 new apartments in the Råbykungen district in Lund. The contract value will be approximately SEK 189 million excluding VAT.

LAB Entreprenør, a company within AF Gruppen, has signed an agreement with Sammen, the Student Welfare Organization of Vestland, to rehabilitate a residential building in Hatleberg, Bergen. The agreement is a turnkey contract valued at NOK 146 million excluding VAT.

AF Gruppen has entered into an agreement with Storøykilen Utvikling AS, a wholly owned subsidiary of OBOS Fornebu AS, to build blocks 5 and 6 in the residential project Storøykilen at Fornebu in Bærum. The project will be carried out as a turnkey contract, and the contract is valued at NOK 412 million excluding VAT.