AF Gruppen ASA

AF Gruppen's growth continues

Del

AF Gruppen saw revenues grow by 9.4% in the 3rd quarter. The results were good and the order backlog reached record figures. The growth provides opportunities for our own employees and also creates new jobs.

AF Environment project in Moss, Norway. Photo: AF Gruppen / Thomas Haugersveen
AF Environment project in Moss, Norway. Photo: AF Gruppen / Thomas Haugersveen

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.

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AF Environment project in Moss, Norway. Photo: AF Gruppen / Thomas Haugersveen
AF Environment project in Moss, Norway. Photo: AF Gruppen / Thomas Haugersveen
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Om AF Gruppen ASA

AF Gruppen ASA
AF Gruppen ASA
Innspurten 15
0603 Oslo

+47 22 89 11 00https://afgruppen.com

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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