1. Norway Stocks

  2. •

    Industrial services

  3. •

    Engineering & construction
AF Gruppen ASA Class A

AF Gruppen ASA Class A

189.20
NOK
+3.80
(+2.05%)
13.24EPS
17.61P/E
22.10BMarket Cap
Nov 06Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
123.13
114.06
135.35
126.88
141.38
190.05
224.21
257.82
261.65
289.69
279.8
278.31
291.4
308.27
Basic EPS, GAAP
5.26
5.1
7.64
7.45
6.44
7.88
8.51
9.29
9.61
8.96
3.73
6.52
9.99
11.05
Free Cash Flow per Basic Share
12.45
-0.3
15.55
7.32
11.44
8.58
11.8
9.28
11.39
10.93
9.44
18.07
25.05
24.38
Dividend per Share
4.71
6.11
8.06
8.02
8.59
8.53
8.56
9.58
10.52
10.52
6.5
3.5
9.02
10.66
Book Value per Share
14.94
15.36
16.84
17.96
17.31
17.67
21.24
24.49
24.85
23.91
21.4
23.84
26.35
27.24
Tangible Book Value per Share
-1.43
0.05
-5.57
-3.76
-5.07
-5.49
-20.55
-16.77
-15.74
-17.52
-20.43
-18.4
-16.59
-20.22
Basic Weighted Avg Shares
82
87
91
93
96
98
100
105
106
107
108
109
109
111
Sales/Revenue/Turnover
10,041
9,880
12,342
11,774
13,642
18,619
22,496
26,944
27,751
30,970
30,155
30,222
31,870
34,085
Operating Margin (%)
4.66
4.84
6.68
8.54
5.68
4.83
4.65
4.25
4.97
3.72
2.08
3.26
4.53
5.25
Depreciation Expense
110
117
142
177
169
184
547
573
567
528
576
701
772
743
Net Income, GAAP
429
442
697
691
621
772
854
971
1,019
958
402
708
1,093
1,222
Effective Tax Rate (%)
22.07
22.72
22.51
24.33
19.36
18.93
22.02
19.97
22.22
17.71
26.43
23.13
22.08
22.51
Profit Margin (%)
4.27
4.47
5.65
5.87
4.55
4.15
3.8
3.6
3.67
3.09
1.33
2.34
3.43
3.59
Working Capital
-314
-1,003
-1,362
-1,286
-1,324
-1,510
-3,296
-2,841
-2,575
-2,886
-3,865
-3,426
-2,985
-3,716
LT Debt
29
63
83
83
102
91
870
788
644
682
759
808
1,140
1,259
Total Equity
1,335
1,499
1,820
1,950
2,077
2,124
2,998
3,494
3,572
3,493
3,203
3,488
3,948
4,036
Return on Invested Capital (%)
25.05
26.19
36.97
34.46
31.28
48.53
47.63
36.45
35.56
30.18
15.49
29.49
37.35
25
Return on Capital (%)
29.83
25.75
34.48
30.56
23.55
28.7
22.68
18.8
18.23
16.91
7.69
14.31
18.47
18.36
Return on Common Equity (%)
36.81
34.12
47.69
42.64
36.82
44.9
43.41
40.61
38.84
36.64
16.41
28.73
39.7
43.62

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
367
329
344
LT Borrowings
37
41
40
LT Finance Leases
1,103
1,133
1,219
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
110
114
114
Market Capitalization
20,515
19,933
22,102

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
8,012
8,277
7,667
Cash, Cash Equivalents & STI
2,391
2,987
1,293
Accounts Receivable, Net
3,372
3,643
4,649
Inventories
381
306
434
Total Current Liabilities
10,997
10,543
11,383
Payables & Accruals
- -
- -
- -
ST Debt
367
329
344
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.74%
2.76%
13.19%
Free Cash Flow
15.02%
28.18%
39.65%
Net Income, GAAP
10.91%
14.28%
54.38%
Sales/Revenue/Turnover
10.6%
3.53%
5.45%
Total Cash Common Dividend
12.1%
17.66%
159.47%

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,187
7,651
7,204
8,595
30,222
2025
7,129
7,808
7,803
9,252
31,870
2026
7,978
9,052
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.3
-0.07
1.85
3.44
6.52
2025
1.27
2.49
2.36
3.86
9.99
2026
1.84
2.99
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
3.33
- -
- -
3.5
2025
- -
5
- -
4.02
9.02
2026
- -
6.54
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Amund Toftum
Full Time Employees
5,805
Sector
Industrial services
Industry
Engineering & construction
Address
Standardveien 1 Oslo PS Norway 0581
IPO Date
Jan 1, 1997
Website
afgruppen.no
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Business
AF Gruppen ASA operates as a leading contracting and industrial enterprise, primarily across Norway and Sweden, delivering services in civil engineering, construction, property development, energy solutions, environmental management, and offshore projects. The company's Civil Engineering segment specializes in significant infrastructure and niche undertakings, including roads, railways, ports, airports, tunnels, foundation work, and facilities for power, energy, and onshore oil and gas, with recent involvement in large-scale water treatment plant projects. Within its Building operations, the group focuses on developing, engineering, and erecting commercial, residential, and public structures, alongside comprehensive rehabilitation efforts. This area also incorporates Betonmast, a key entity for constructing substantial residential properties as well as commercial and public buildings, and managing property development initiatives. The Property division is dedicated to developing various residential units and commercial spaces. The Energy and Environment business area delivers intelligent and efficient energy services for buildings and industrial clients, encompassing demolition, environmental remediation, and advanced recycling services. This includes significant efforts in processing materials from decommissioned offshore installations. The Sweden segment carries out activities across construction, civil engineering, property, and environmental sectors. Lastly, the Offshore business handles the decommissioning, demolition, and recycling of offshore installations, alongside construction, modification, and maintenance services for crane systems, modules, rig services, and HVAC systems, particularly for the maritime, offshore wind, and oil and gas industries. AF Gruppen places a strong emphasis on sustainability and innovation throughout its operations, aiming to provide solutions that address societal challenges. The company was established in 1985 and maintains its headquarters in Oslo, Norway.