AF Gruppen's growth continues
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 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.
Morten GrongstadCEO+47 991 53 email@example.com
Sverre HæremCFO+952 45 firstname.lastname@example.org
Wibecke BrusdalCommunication Director+47 930 93 email@example.com
Om 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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AF Gruppen with strong growth and healthy result16.2.2018 07:36 | Pressemelding
AF Gruppen (AFG) reports a good result for Q4 and 2017. Revenues for 2017 increased by 15.4% to NOK 13,704 million and the profit margin for the year was a healthy 6.8%.
LAB Entreprenør nominated at Haukeland16.1.2018 10:20 | Pressemelding
LAB Entreprenør, a subsidiary of AF Gruppen (AFG), has been nominated by Helse Bergen as contractor for contract K201 / construction phase 2 of the new children and youth hospital (BUS2) at Haukeland University Hospital in Bergen.
AF Gruppen to build at Rygge28.12.2017 12:39 | Pressemelding
AIM Norway has engaged AF Gruppen as the contractor for the construction of the F135 AIM Rygge, a new and modern engine depot at Rygge in Østfold.
Strøm Gundersen to build Proffen Hageby18.12.2017 15:02 | Pressemelding
Strøm Gundersen AS, in which AF Gruppen is the principal shareholder, has been chosen as contractor to build 24 attached homes and 16 apartments in the project Proffen Hageby in Drammen. The client is Professor Smiths Utvikling AS.
AF Gruppen builds sports hall in Lerum28.11.2017 10:41 | Pressemelding
AF Gruppen and Lerum Municipality have signed a contract for the construction of a new sports centre with underlying parking garage in the Dergården area of Lerum outside Gothenburg.
Strøm Gundersen to build Diakonhjemmet Hage22.11.2017 08:55 | Pressemelding
Strøm Gundersen AS, in which AF Gruppen is the principal shareholder, has been selected as contractor to build 124 apartments for the project Diakonhjemmet Hage – Omsorg +.
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