Construction and engineering company AF Gruppen (AGRUF,AFG.OL), on Thursday, reported Q1 earnings per share of NOK 1.27, slightly down from NOK 1.30 in the previous year. Q1 revenues totaled NOK 7,129 million, versus NOK 7,187 million generated a year ago, with a profit before tax of NOK 214 million, marking an increase compared to NOK 186 million in the same quarter of last year.
AF Gruppen's profit margin rose to 3.0%, compared to 2.6% in the previous year. The order backlog expanded significantly, reaching NOK 44,232 million, an increase of nearly NOK 4 billion from the previous quarter.
CEO Amund Tøftum highlighted the positive financial trajectory, stating, "AF Gruppen has improved its profitability, strengthened its order backlog, and maintained a healthy cash flow this quarter. Although profitability improved across several business areas, the Civil Engineering sector was impacted by NOK 100 million in shutdown and termination costs."
AF Gruppen remains financially strong, with cash flow from operating activities reaching NOK 330 million, significantly higher than NOK 128 million in Q1 2024. The company's net interest-bearing receivables stood at NOK 290 million, compared to NOK -974 million last year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.