AF Gruppen ASA - Company Profile

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AF Gruppen ASA: Overview

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AF Gruppen ASA (AF Gruppen) is a contracting and industrial company operating primarily in Norway and Sweden. It is involved in civil engineering, construction, energy and environment, property development, and offshore services. The company's major services include engineering design, construction, renovation, environmental clean-up, and demolition. AF Gruppen’s services cater to both public and private sector clients, including infrastructure projects such as roads, railways, bridges, port facilities, airports, tunnels, foundation work, renovation and construction of concrete structures, power and energy plants, and water and wastewater. It offers services to the maritime industry, offshore wind, and the oil and gas sector, including the removal and recycling of offshore installations and construction of new buildings. The company operates in Norway and Sweden. AF Gruppen is headquartered in Oslo, Norway.

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Headquarters Norway
Address Standardveien 1, Oslo, 0581
Website afgruppen.no
Telephone 47 2 2891100
No of Employees 5,805
Industry Construction
Ticker Symbol & Exchange AFG (OSL)
Revenue (2024) $3.1B 4.4% (2024 vs 2023)
EPS XYZ
Net Income (2024) XYZ 54.2% (2024 vs 2023)
Market Cap* $2.3B
Net Profit Margin (2024) XYZ 47.6% (2024 vs 2023)
* As of and is in US$
View AF Gruppen ASA financials
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AF Gruppen ASA premium industry data and analytics

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Construction Projects

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Project Contacts

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IT Services Contracts

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ICT Spend & Tech Priorities

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Products and Services

Services
Building Services
Property Development
Heavy Construction and Renovation
XYZ
XYZ
XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2026 Contracts/Agreements In July, AF Offshore Decom and consortium partner Heerema Marine Contractors secured a contract for the engineering, preparation, removal & disposal of a North Sea platform on the UK Continental Shelf.
2026 Contracts/Agreements In July, the company partnered with Klingenberggaten 7 DA for the complete refurbishment and development of the property at Klingenberggaten 7 in Vika into a new office concept.
2026 Contracts/Agreements In June, the company's subsidiary AF Elkraft awarded contracts by Statnett for the establishment of high-voltage installations at the transformer stations in Tonsberg, Eiker and Hof.
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Competitor Comparison

Key Parameters AF Gruppen ASA Skanska AB Peab AB Royal Boskalis Westminster NV Veidekke ASA
Headquarters Norway Sweden Sweden Netherlands Norway
City Oslo Stockholm Bastad Papendrecht Oslo
State/Province - Stockholm - - Oslo
No. of Employees 5,805 26,043 13,000 8,976 7,697
Entity Type Public Public Public Private Public
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Executives
Name Position Board Since Age
Morten Grongstad Chairman Executive Board 2023 51
Amund Toftum Chief Executive Officer Senior Management 2020 48
Anny Oen Chief Financial Officer Senior Management 2022 52
Lars Myhre Hjelmeset Executive Vice President - Offshore Senior Management - 47
Tormod Solberg Executive Vice President - Construction Senior Management 2020 55
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
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