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 firstname.lastname@example.org
Sverre HæremCFO+952 45 email@example.com
Wibecke BrusdalCommunication Director+47 930 93 firstname.lastname@example.org
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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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 +.
LAB Entreprenør AS to build for Profier and REMA16.11.2017 11:22 | Pressemelding
LAB Entreprenør AS, a company in AF Gruppen (AFG), has been selected by Profier and REMA Etablering Vest AS as turnkey contractor to build apartments and retail premises at Lagunen in the City of Bergen.
AF Gruppen to build new coffe plant14.11.2017 10:44 | Pressemelding
AF Gruppen has been nominated as contractor by Joh. Johannson Kaffe AS to build a new coffee processing plant in Vestby municipality, Akershus county.
AF Gruppen to develop Ängelholm sewage treatment plant8.11.2017 09:03 | Pressemelding
AF Gruppen has been appointed by Ängelholm municipality as design and build contractor for the renovation and development of Ängelholm sewage treatment plant.
Invitation to presentation of the Q3 2017 results6.11.2017 15:55 | Pressemelding
AF Gruppen (AFG) will release its 3rd quarter results 2017 Friday November 10 at 07:00 am CET.
No agreement on takeover of shares in BundeBygg24.10.2017 12:42 | Pressemelding
With reference to the notice to the stock exchange on 20 September 2017 where AF Gruppen entered into a letter of intent with BundeGruppen to acquire 51% of the shares of BundeBygg.
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