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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Siste saker fra AF Gruppen ASA
Solid results from the AF Gruppen9.11.2018 07:28 | Pressemelding
AF Gruppen continues its growth and delivered a solid result in Q3.
Invitation to presentation of the Q3 2018 results5.11.2018 08:49 | Presseinvitasjon
AF Gruppen (AFG) will release its 3rd quarter results 2018 Friday November 9 at 07:00 am CET.
AF closes Helgesen Tekniske Bygg AS acquisition30.10.2018 14:47 | Pressemelding
Reference is made to the stock exchange announcement dated 27 August 2018, where AF Gruppen announced a signed a letter of intent regarding Helgesen Tekniske Bygg AS.
AF Gruppen signs letter of intent to acquire Swedish construction company15.10.2018 09:08 | Pressemelding
Today AF Gruppen signed a letter of intent to acquire 70% of the shares of HMB Holding AB.
New offshore decommissioning project for AF Gruppen12.10.2018 08:13 | Pressemelding
AF Gruppen ASA (AFG) have received an extension notice for a current frame agreement to include future removal and disposal of up to four additional platforms for a client in the UK North Sea.
AF Gruppen has entered into new, major contract with Nye Veier5.10.2018 11:23 | Pressemelding
AF Gruppen has signed a contract with Nye Veier for engineering and construction of the new E39 Kristiansand west - Mandal east motorway.
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