AF Gruppen ASA

AFG

Equity

ISIN NO0003078107 / Valor 710887

Oslo Stock Exchange (2025-11-14)

NOK 179.80+6.52%

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 Growth

AF Gruppen ASA reported revenues of NOK 7,808 million for Q2 2025, up from NOK 7,651 million in the same quarter last year. For the first half of 2025, revenues reached NOK 14,937 million, slightly increasing from NOK 14,838 million in H1 2024.

Enhanced Earnings Before Tax

Earnings before tax surged to NOK 388 million in Q2 2025 compared to NOK 21 million in Q2 2024. For the first half of the year, earnings before tax stood at NOK 603 million, up from NOK 207 million in H1 2024.

Improved Profit Margins

The profit margin expanded to 5.0% in Q2 2025 from 0.3% in Q2 2024. Over the first half of the year, the profit margin increased to 4.0%, up from 1.4% in H1 2024.

Strong Cash Flow and Reduced Debt

Net operating cash flow for Q2 2025 was NOK 580 million, while net interest-bearing debt decreased significantly to NOK 263 million as of June 30, 2025, down from NOK 979 million the previous year.

Robust Order Intake and Backlog

Order intake for Q2 2025 reached NOK 8,068 million, a substantial increase from NOK 5,629 million in Q2 2024. The order backlog grew to NOK 44,493 million as of June 30, 2025, compared to NOK 38,253 million the previous year.

Performance Across Business Areas

All major business areas, including Civil Engineering, Construction, and Betonmast, reported improved revenues and profitability. Notably, Civil Engineering achieved a profit margin of 7.1% in Q2 2025, up from 6.4% in Q2 2024.

Commitment to Safety

AF Gruppen ASA maintained a strong safety performance throughout the quarter, ensuring that all employees returned home safely. This commitment to safety underscores the company's focus on secure and profitable project execution.

Summarized from source with an LLMView Source

Key figures

32.4%1Y

24.0%3Y

2.74%5Y

Performance

23.8%1Y

24.9%3Y

24.6%5Y

Volatility