AF Gruppen ASA - Company Profile
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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. Its services cater to both public and private sector clients, including infrastructure projects like roads, railways, and energy plants. AF Gruppen 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's geographic operations are concentrated in Norway and Sweden. AF Gruppen is headquartered in Oslo, Norway.
Headquarters
Norway
Address
Standardveien 1, Oslo, 0581
Website
afgruppen.no
Telephone
47 2 2891100
No of Employees
5,975
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*
$2.2B
Net Profit Margin (2024)
XYZ
47.6%
(2024 vs 2023)
* As of and is in US$
AF Gruppen ASA premium industry data and analytics
Products and Services
| Services |
|---|
| Building Services |
| Property Development |
| Heavy Construction |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In June, the company secured a NOK5,600 million contract from the Norwegian Coastal Administration for the engineering and construction of the Stad Ship Tunnel. |
| 2026 | Contracts/Agreements | In March, the company signed an agreement to acquire all shares in Claxton from Acteon Group. |
| 2026 | Contracts/Agreements | In March, AF Bygg Vast AB secured the contract from the City of Gothenburg's real estate administration to carry out the refurbishment and extension of Frölundabadet in Gothenburg for SEK 253 million. |
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 | 5,975 | 26,043 | 13,000 | 8,976 | 7,697 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
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 |
| Bard Frydenlund | Executive Vice President - Sweden | Senior Management | - | 58 |
| 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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