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Af Gruppen ASA (AFGRA.OL)

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Latest Key Developments (Source: Significant Developments)

AF Gruppen wins construction contract in Nydalen
Thursday, 22 Dec 2016 06:10am EST 

Af Gruppen ASA : Has entered into an agreement with Lillo Gård KS to build Lillo Gård areas B1 and B2 in Nydalen in Oslo . Planning has started, and groundworks are expected to commence in March 2017 . Project will be carried out as turnkey contract with total value of 526 million Norwegian crowns ($60.6 million), excluding VAT .Completion is scheduled for Q3 2019.  Full Article

AF Gruppen to sign first large EPC contract for Nye Veier
Thursday, 1 Dec 2016 06:03am EST 

Af Gruppen ASA : Has received LoI from Nye Veier for engineering, procurement and construction of first part of E18 . Contract will be completed in 2019 . Contract is valued at about 3.20 billion Norwegian crowns ($378.2 million) excluding VAT .Following planning period, work will start in winter of 2017.  Full Article

Af Gruppen awarded another contract for new National Museum
Wednesday, 30 Nov 2016 09:45am EST 

Af Gruppen ASA : Says proposed for yet another contract for new National Museum . Has been awarded contract K206 Internal works 1, for new National Museum . Contract value is estimated at 460 million Norwegian crowns ($54.1 million), excluding VAT .Work starts in spring of 2017 and is scheduled for completion in summer of 2019.  Full Article

AF Gruppen to build 102 apartments at Hasle
Tuesday, 15 Nov 2016 06:30am EST 

AF Gruppen ASA : To build 102 apartments at Hasle . Project is expected to be completed in Q3 2018. . Phase is planned as a turnkey contract and will have an estimated value of 208 million Norwegian crowns ($25 million) excluding VAT .Planning phase is underway and work will commence in January.  Full Article

AF Gruppen: Dividend of NOK 3 per share approved
Tuesday, 15 Nov 2016 02:38am EST 

AF Gruppen ASA : Board approved dividend of 3.00 Norwegian crowns per share, due to group's strong financial position .Payment date is Nov. 23.  Full Article

Af Gruppen pre-tax were profit up at NOK 265 million
Tuesday, 15 Nov 2016 02:30am EST 

Af Gruppen ASA : Q3 revenue 3.11 billion Norwegian crowns ($368.9 million) versus 2.87 billion crowns year ago . Q3 earnings before tax were 265 million crowns versus 225 million crowns year ago .End-Q3 order backlog 11.20 billion crowns versus 11.86 billion crowns year ago.  Full Article

AF Gruppen to build for OBOS at Rosenholm
Wednesday, 9 Nov 2016 06:30am EST 

AF Gruppen ASA : Has entered into contract with OBOS Nye Hjem AS to build 117 flats in two building stages at Rosenholm in Oslo . Total contract value is 242 million Norwegian crowns ($29.43 million), excluding VAT . Planned completion is Q1 2019 .Construction is scheduled to start in March/April 2017.  Full Article

Af Gruppen: Strøm Gundersen to build office building in Oslo
Thursday, 29 Sep 2016 02:07am EDT 

Af Gruppen ASA : Strøm Gundersen AS to build Schweigaardsgate 33 in Oslo . Contract is for office building of 22,000 square meters . Contract is turnkey contract valued at 362 million Norwegian crowns, excluding VAT .Work is expected to start in November 2016, and building period is 18 months.  Full Article

Af Gruppen Q2 pre-tax profit down at NOK 249 million
Friday, 26 Aug 2016 02:30am EDT 

Af Gruppen ASA : H1 5.88 billion Norwegian crowns ($715 million) (6.02 billion crowns in H1 2015) . H1 pre-tax profit 435 million crowns (397 million crowns in H1 2015) . Q2 revenues were 3.17 billion Norwegian crowns versus 3.49 billion crowns year ago .Q2 pre-tax profit 249 million crowns versus 262 million crowns year ago.  Full Article

AF Gruppen: Strøm Gundersen to build 82 apartments in Drammen
Friday, 8 Jul 2016 06:15am EDT 

Af Gruppen ASA : Strøm Gundersen AS, in which AF Gruppen is principal shareholder, to build 82 apartments in Drammen . Contract is a design and build contract valued at 222 million Norwegian crowns ($26.11 million), excluding VAT .Work is expected to start in October 2016, and completion is scheduled for Q4 2018.  Full Article