AF Gruppen ASA Class A ( (AGRUF) ) has released its Q1 earnings. Here is a breakdown of the information AF Gruppen ASA Class A presented to its investors.
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AF Gruppen ASA, a leading construction and civil engineering company in Norway, operates across various sectors including civil engineering, construction, property development, energy, and environmental services. The company is known for its innovative approaches and commitment to sustainability.
In the first quarter of 2025, AF Gruppen reported a solid financial performance with improved profitability across several business areas, despite challenges in the civil engineering sector due to a contract termination in Sweden. The group’s revenue for the quarter was NOK 7,129 million, slightly down from NOK 7,187 million the previous year, but earnings before tax increased to NOK 214 million from NOK 186 million.
Key financial highlights include a strong order backlog of NOK 44,232 million, a significant increase in net operating cash flow to NOK 330 million, and an improved profit margin of 3.0%. The company also reported a robust return on capital employed at 25.6%. The civil engineering and construction sectors showed mixed results, with some units performing well and others facing challenges. Notably, Betonmast showed a positive turnaround with a profit margin of 5.3%.
Looking ahead, AF Gruppen remains focused on its strategic goals of enhancing value creation while reducing its environmental footprint by 2028. The management is optimistic about future growth, supported by a strong order backlog and ongoing strategic initiatives aimed at improving operational efficiency and sustainability.