AF Gruppen ASA

AF Gruppen has signed an agreement with Linstow for the rehabilitation of office spaces at Tollbugata 32 and Akersgata 13-15 in Oslo. The contract will be executed as a turnkey project in collaboration, with AF Gruppen's share of the contract value being approximately NOK 360 million excluding VAT.

AF Gruppen recorded NOK 7,204 million revenue in the third quarter. Profit before tax amounted to NOK 289 million. Several business areas performed strongly, and the positive trend in safety work continued in the quarter.

Reference is made to the stock exchange announcement published on 19.10.2022 stating that AF Gruppen was appointed by the City of Oslo for a partnering contract for the construction of a new water treatment plant at Huseby in Oslo, as part of the New Water Supply project. The collaboration has now moved from development, planning, and design to phase 2, which is detailed design and construction. The contract is a collaborative contract in an alliance between the City of Oslo, represented by the Water and Sewage department, the designers Multiconsult and AF Gruppen. The main works are carried out inside the mountain facility at Huseby.

AF Gruppen has entered into an agreement with Forsvarsbygg (the Norwegian Defence Estates Agency) to construct a new office building at Linderud Camp in Oslo. The project is being carried out as a design-and-build contract, with a value of approximately NOK 79 million, excluding VAT.

Diakonhjemmet Foundation has nominated AF Gruppen as the contractor for the Diakonhjemmet Campus project in Oslo. The contract will be a turnkey contract with a value of approximately NOK 1,400 million excluding VAT.

LAB Entreprenør AS, a company within AF Gruppen, has signed a contract with Nøstegaten 72-74 AS (OBOS Nye Hjem) for the construction of a new apartment project at Nøstet in Bergen city center. The contract is a turnkey contract valued at approximately NOK 428 million excluding VAT.

LAB Entreprenør, a company within AF Gruppen, has signed a contract for the construction of a new combined commercial and residential project in Alver municipality. The contract is a turnkey project valued at approximately NOK 257 million excluding VAT.

AF Gruppen has been nominated by Helse Sør-ØST RHF as the contractor for the execution of contract 2211 Structural Shell Somatics Base West. The agreement is valued at NOK 212 million excluding VAT.

HMB, a subsidiary of AF Gruppen, has been awarded the contract to build a new primary school, Ekbergaskolan, on behalf of Västerås Stad. The contract is a total enterprise and is valued at MSEK 195 excluding VAT.

AF Gruppen’s subsidiary, Kanonaden Entreprenad, in consortium with Hitachi Energy, has been awarded the contract to install seven new series compensation stations in central and northern Sweden. The contract is a turnkey project, with Kanonaden’s share amounting to just over SEK 900 million excluding VAT.

HMB, a subsidiary of AF Gruppen, has been assigned the task of constructing a new district cooling center at the University Hospital in Örebro on behalf of Region Örebro Län. The project will be carried out as a collaborative turnkey contract and has a contract value of approximately SEK 180 million excluding VAT.

AF Gruppen has signed a contract with Entra regarding the rehabilitation of office premises at Brynsengfaret 6 in Oslo. The contract is carried out as a turnkey contract and is valued at approximately NOK 140 million excl. VAT.

Helgesen Tekniske Bygg AS (HTB), a company within AF Gruppen, has signed a contract with Filipstad Bygg AS, a subsidiary of Bakehuset AS, for the construction of a new bakery at Endelausmarka in Bjørnafjorden municipality. The contract is a turnkey project valued at approximately NOK 120 million excluding VAT.

AF Gruppen has been appointed as the contractor by Helse Sør-Øst RHF for the Common Contractor Rig at Nye Aker. The assignment includes the delivery, assembly, operation, maintenance, and dismantling of contractor rigs in connection with the Nye Aker Hospital. The contract is estimated to be worth NOK 120 million excluding VAT.

Strøm Gundersen Vestfold, a subsidiary of AF Gruppen, has been selected by Boligbyggelaget USBL AS as the contractor for the construction of the new apartment building Møllers Gate in Sandefjord. The contract will be executed as a collaborative contract and has a value of approximately NOK 122 million excluding VAT. The proje

Åsane Byggmesterforretning AS, a company within AF Gruppen, has entered into an agreement with Munsterbekken Borettslag in Bergen for the rehabilitation of five residential buildings. The contract is a turnkey project valued at NOK 183 million excluding VAT.

AF Gruppen recorded second quarter revenues of NOK 7,651 million. Profit before tax was NOK 21 million in the second quarter, corresponding to a profit margin of 0.3%. The Group delivered good results in Civil Engineering and Energy and Environment, but downward adjustments made to the estimated results for one offshore project reduced the result for the Group.

AF Gruppen (AFG) has today received a LOI for a contract from Allseas (EXCALIBUR MARINE CONTRACTORS S.A) for disposal services of a Topside of 12,000 metric tonnes. The LOI includes an option for a second topside. Including the option the total weight is between 25.000 and 30.000 metric tonnes.

Strøm Gundersen Vestfold, a subsidiary of AF Gruppen, has been chosen by JVH Eiendom as the contractor for the construction of Larvik Health Park. The contract is a turnkey contract and has a value of NOK 125 million excl. VAT.

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.