Edition:
United States

AF AB (AFb.ST)

AFb.ST on Stockholm Stock Exchange

182.30SEK
22 Sep 2017
Change (% chg)

2.30kr (+1.28%)
Prev Close
180.00kr
Open
179.90kr
Day's High
182.30kr
Day's Low
179.20kr
Volume
67,119
Avg. Vol
64,505
52-wk High
194.00kr
52-wk Low
155.00kr

Latest Key Developments (Source: Significant Developments)

AF launches new division structure, Industry unit to step down
Monday, 11 Sep 2017 03:00am EDT 

Sept 11 (Reuters) - AF AB :AF introduces a new division structure and changes in group management as a result of the ongoing strategy review.Says organization will be divided into following business divisions with full international business responsibility: industry, infrastructure, energy and digital solutions.Says to drive development of digital solutions and concepts, a new role as chief digital officer will be introduced.Says new divisional structure will be put into effect as of 1 january 2018.Says Per Magnusson, President of the Industry Division has after many years at AF decided to leave the company.  Full Article

Sweden's AF AB Q2 EBIT misses forecasts
Thursday, 13 Jul 2017 05:00am EDT 

July 13 (Reuters) - AF AB :Q2 net sales amounted to SEK 3,231 million (2,942).Q2 ebit (operating profit) was SEK 273 million (281).Says ‍target for 2020 remains: AF will generate net sales of EUR 2 billion and achieve an operating margin of 10 percent over a business cycle​.Reuters poll: AF Q2 sales were seen at SEK 3,190 million, op profit at SEK 286 million .Says ‍in order to take further steps in AF's development and thereby ensure that AF's long-term targets are met, a strategy review is now being carried out​.Says ‍implementation is expected to entail additional restructuring costs estimated not to exceed SEK 70 million and will impact profit in Q3​.  Full Article

AF buys Eitech's automation business
Friday, 7 Jul 2017 03:02am EDT 

July 7 (Reuters) - AF AB :AF acquires Eitech's automation business with annual turnover of approximately SEK 90 million.  Full Article

AF acquires architectural firm Koncept Stockholm
Wednesday, 3 May 2017 04:00am EDT 

May 3 (Reuters) - AF AB :Says acquires architectural firm Koncept Stockholm.Says company has a turnover of SEK 85 million ($9.64 million) and some 70 Stockholm based employees.  Full Article

AF AB Q1 EBIT rises 30 percent
Tuesday, 25 Apr 2017 05:02am EDT 

April 25 (Reuters) - AF AB :Q1 net sales amounted to SEK 3,265 million (2,643).Q1 EBIT (operating profit) totalled SEK 287 million (220).Q1 capacity utilisation 77.2 percent (76.9).Says a strategy review will be initiated this spring with purpose of ensuring that åf continues its strong developmen.  Full Article

Tieto signs four-year deal with ÅF
Thursday, 30 Mar 2017 02:19am EDT 

TIETO OYJ : HAS SIGNED A FOUR-YEAR DEAL WITH SWEDISH ENGINEERING AND CONSULTANCY FIRM ÅF TO MODERNIZE THE COMPANY’S IT INFRASTRUCTURE AROUND THE WORLD . CONTRACT EXTENDS TIETO’S STRATEGIC PARTNERSHIP WITH ÅF .THE NEW DEAL GOES INTO EFFECT ON JULY 1.  Full Article

Sweden's AF acquires water consultancy
Thursday, 9 Feb 2017 03:00am EST 

AF AB : Says acquires Vatten & Miljobyran . Says Vatten & Miljobyran has annual sales of SEK 30 million and company will be consolidated as of 1 February 2017 .Through the acquisition, AF will gain 24 new colleagues based in northern Sweden.  Full Article

AF Q4 adjusted operating profit rises
Friday, 3 Feb 2017 05:30am EST 

AF : AF Q4 net sales amounted to SEK 3,138 million (2,717) . Says board proposes a dividend for 2016 of SEK 4.50 per share (3.75) . Q4 operating profit, excluding items affecting comparability, was SEK 297 million (257) .Says AF believes there is a slight improvement in market outlook compared with year-earlier period.  Full Article

AF AB says acquires energy operation in Spain
Monday, 5 Dec 2016 03:05am EST 

AF AB : Says acquires the energy division of Spanish solar engineering company . Says the energy division of ARIES has about 30 employees and annual sales of EUR 5 million .Says it is consolidated from December 1 2016.  Full Article

Scandinavian Enviro Systems and ÅF in new enhanced agreement
Tuesday, 15 Nov 2016 06:15am EST 

Scandinavian Enviro Systems AB : Enviro and ÅF in new enhanced agreement .Agreement contains business cooperation of international expansion, in addition to regulating the development of a basic design model for new recycling facilities.  Full Article

BRIEF-Tieto signs four-year deal with ÅF

* HAS SIGNED A FOUR-YEAR DEAL WITH SWEDISH ENGINEERING AND CONSULTANCY FIRM ÅF TO MODERNIZE THE COMPANY’S IT INFRASTRUCTURE AROUND THE WORLD