AF Gruppen ASA

AFG

Equity

ISIN NO0003078107 / Valor 710887

Oslo Stock Exchange (2026-02-20)

NOK 186.60+0.32%

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

Financial headline

3Q 2025 revenue NOK 7,803m (3Q 2024: 7,204m). Earnings before tax NOK 398m (289m). Profit margin 5.1% (4.0%). Year-to-date (YTD) revenue NOK 22,740m and EBT NOK 1,000m.

Profitability & EPS

EBIT NOK 406m in the quarter; EBITDA margin 7.7% and operating profit margin 5.2% for 3Q 2025. Earnings per share 2.36 NOK (diluted 2.35). YTD EPS 6.13 NOK.

Cash flow & balance sheet

Cash flow from operating activities NOK 1,000m in the quarter (YTD NOK 1,910m). Net interest-bearing receivables of NOK 524m as at 30 Sept 2025 (improvement vs net debt of NOK 780m year-earlier).

Orders & backlog

Order intake in 3Q 2025 was NOK 7,692m (5,393m). Order backlog increased to NOK 44,382m as at 30 Sept 2025 (36,442m a year earlier), supporting future revenue visibility.

Capital return

The Board resolved an additional dividend of NOK 4.00 per share for 2025 (compared with 0.00 the prior year).

Notable transactions & events

Acquisition of Eviny Solutions (renamed AF Elkraft) was completed 17 Sept 2025; its balance sheet and order backlog are included from Q3 and added roughly NOK 1,000m to order intake, while earnings contribution will be recognised from Q4. Several large contract awards across divisions were announced during the quarter.

Operations, safety & ESG

Most business areas reported good results — Civil Engineering and several construction units performed strongly; Offshore and some units underperformed. LTI-1 improved to 0.2 in the quarter. Scope 1 & 2 emissions and high source-separation rates are reported (scope 1+2: 7,981 t CO2e; source separation 96%).

Summarized from source with an LLMView Source

Key figures

23.7%1Y

23.9%3Y

4.25%5Y

Performance

25.0%1Y

24.6%3Y

24.5%5Y

Volatility