AF Gruppen ASA

AFG

Equity

ISIN NO0003078107 / Valor 710887

Oslo Stock Exchange (2024-12-23)

NOK 146.40+0.97%

AF Gruppen ASA
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About company

AF Gruppen ASA is a Norwegian construction and civil engineering company that operates through various subsidiaries, including Fundamentering AS, LAB Entreprenør, and Strøm Gundersen AS. The company specializes in foundation work, residential projects, and commercial construction projects, with recent contracts including the Ramfjord Bridge foundation work, the Sjøbodene residential project, and the construction of a hotel and office building in Drammen. AF Gruppen has a strong track record of delivering high-quality turnkey projects and has also been involved in energy-saving initiatives, such as implementing energy-saving measures in public buildings.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Overview

AF Gruppen ASA reported revenues of NOK 7,187 million for the first quarter of 2024, compared to NOK 7,393 million in the same quarter of the previous year. This slight decrease in revenue reflects the challenging market conditions. Despite this, the company has maintained a strong order backlog of NOK 40,275 million as of March 31, 2024.

Earnings Before Tax

For the first quarter of 2024, AF Gruppen ASA achieved earnings before tax (EBT) of NOK 186 million, a significant increase from NOK 13 million in the first quarter of 2023. This improvement in profitability is attributed to better performance in key business areas such as Civil Engineering and Energy and Environment.

Profit Margin

AF Gruppen ASA's profit margin for the first quarter of 2024 was 2.6%, up from 0.2% in the same period last year. This increase in profit margin indicates improved operational efficiency and cost management across the company's various segments.

Dividend Proposal

The Board of Directors of AF Gruppen ASA has proposed a dividend of NOK 3.50 per share for the first half of 2024. This is a reduction from the NOK 6.50 per share dividend paid in the previous year, reflecting a more cautious approach in light of the current economic environment.

Order Backlog

As of March 31, 2024, AF Gruppen ASA's order backlog stood at NOK 40,275 million, slightly down from NOK 41,668 million at the same time last year. This robust order backlog provides a solid foundation for future revenue and underscores the company's strong market position.

Summarized from source with an LLMView Source

Key figures

22.4%1Y

-22.9%3Y

-16.3%5Y

Performance

22.9%1Y

25.5%3Y

24.9%5Y

Volatility