Key Developments: AF AB (AFb.ST)
166.00SEK
18 Jun 2013
-3.00kr (-1.78%)
169.00kr
168.50kr
168.50kr
165.50kr
89,072
173,905
198.50kr
125.00kr
Latest Key Developments (Source: Significant Developments)
AF AB Announces New International Structure
AF AB announced that it is to amalgamate its International North and International South Divisions into a single new division to be known simply as the International Division. President of the new division will be Roberto Gerosa, currently President of AF International South. For financial accounting purposes the date on which the new organizational structure came into force has been set as October 1, 2012. Full Article
AF AB Signs Consultancy Assignment with Tammervoima Oy for Waste-To-Energy Power Plant
AF AB announced that the Company has signed a consultancy contract with Tammervoima Oy for a new CHP plant in Tampere, Finland. The assignment includes pre-engineering, implementation engineering, procurement, project management as well as site and commissioning management services. The value of the contract for the Company is approximately EUR 5 million including option of EUR 1 million for delivery, site and commissioning services. Full Article
AF AB Acquires Advansia in Norway
AF AB announced that it is acquiring 100% of the shares in the Norwegian project management company Advansia, based in Oslo, Norway. The company focuses on infrastructure projects. Advansia has 120 staff, and during 2012 is expected to turn over NOK 285 million. The company's operating result is expected to be approximately NOK 55 million. Its operating margin has averaged almost 20% over the past four years. The purchase price has been agreed at NOK 300 million, with an earnout based on the earnings trend from 2013 to 2015. Consideration of the matter by the Norwegian competition authority is likely to be concluded in September 2012. Advansia will be consolidated on October 1, 2012 and integrated in the Infrastructure division, which will form a business unit of 200 people within Project Management. Full Article
AF AB Receives Contract in Gothenburg from Swedish Transport Administration
AF AB announced that it has, in conjunction with White Architects, won one of the main contracts for the Swedish Transport Administration's "West Link" (Vastlanken) project. The assignment Korsvagen - Railway station will run over a three-year period and the Company estimates its the value of the project to be approximately SEK 75 million. The Company will support the Swedish Transport Administration with competence in the technical fields of geotechnology, rock engineering, civil construction, hydrogeology, environmental impact assessments and structural engineering. The West Link Project is a planned eight-kilometer long railway tunnel under central Gothenburg. In addition to a new Central Station, two new stations will also be built. The main purpose of the project is to facilitate travel in Gothenburg and West Sweden. Full Article
AF AB Receives Contract Worth Approximately SEK 600 Million for Power Plant in Brasil
AF AB announced that a contract worth almost SEK 600 million, has been signed that includes the 3D Modelling of the piping, ventilation and electrical engineering design, technical support services and the as-built design for the Nuclear Island buildings of ANGRA 3 Nuclear Power Station. The project will be managed by resources from AF Finland and working with a number of local sub-contractors to the Company. The Company's involvement in the project is expected to begin in the third quarter of 2012 and is scheduled for completion during 2019. Full Article
AF AB in Collaboration with Combitech and Sjoland & Thyselius Wins Consulting Agreement with FMV
AF AB announced that the Company has in collaboration with the consulting companies Combitech and Sjoland & Thyselius won a framework agreement with the Swedish Defense Materiel Administration, FMV. The total value of the contract is estimated to be in the region of SEK 700 million. The contract will run for three years, with the option of extending it for a further four years. The contract includes supplying consulting services for the Swedish Armed Forces management systems, in particular competence relating to systems management and systems work in the early phase of systems development and to overall systems work. The framework agreement also includes support for work in connection with planning and definitions. Full Article
AF AB Announces Acquisition of Bygganalys AB
AF AB announced that it has acquired 100% of the shares in the technical consulting company, Bygganalys. An initial purchase price of SEK 13 million has been agreed, with an additional consideration that is to be based on earnings for 2012 and 2013. Bygganalys will be integrated into the operations of the AF Infrastructure Division, where it will complement and reinforce the division's current portfolio of consulting services. Full Article
AF AB Announces Further Details on FY 2011 Dividend
AF AB announced that its Board of Directors has proposed a dividend of SEK 5.00 per share for fiscal year 2011. The proposed record date is May 10, 2012. The payment will be made via Euroclear Sweden AB on May 15, 2012. Full Article
AF AB Announces Organizational Change
AF AB announced that it is implementing an organizational change in respect of the Group's operations outside Scandinavia, effective as of April 1, 2012. The main purpose of the restructuring exercise is to improve profitability and accelerate the Group's international growth. The Company announced that the Energy Division Energy will be split into two new divisions: International North and International South. These two divisions will be responsible for the full spectrum of the Company's consulting services within their respective geographical areas. International North will consist of the Company's consulting resources in Finland, Russia, the Czech Republic, Lithuania and Estonia. International South will consist of AF Switzerland and Spain with subsidiaries in India, Thailand, Turkey, Vietnam, Nigeria, Italy, Brazil and the Ubited Kingdom. Eero Auranne (formerly President of the Energy Division) will head the work of International North, and Roberto Gerosa (formerly Vice President Business Development) will head the work of International South. As a result of the change, the Company will comprise five divisions: Industry, Infrastructure, International North, International South and Technology. The Industry, Infrastructure and Technology Divisions will henceforward report their results from Scandinavia and be represented in a strategic role on the board for the Company's operations in the rest of the world. Full Article
Sweco AB and AF Win Contract for New Karolinska Solna from Skanska
Sweco AB announced that the Company and AF have signed a joint contract with Skanska Healthcare AB for the planning and design of the New Karolinska Hospital in Solna, NKS. The contract is worth approximately EUR 65 million, and will be divided equally in the consortium between Sweco and AF. Around EUR 28 million of the contract value has been earned to date. Sweco AB's services include project management and engineering design of technical installations, logistics, environmental aspects and infrastructure. Sweco AB's assignment will run until December 2014. Sweco AB has been active in the NKS project together with Skanska and AF for several years, but the collaboration has now been formalized and extended. NKS will be a new university hospital that will provide specialized healthcare in collaboration with research and education. The new hospital is scheduled to open for the first patient in 2016 and to be fully completed in 2017. The hospital will have a total built area of around 320,000 square meters. Full Article
Asia's F-35 buyers forced to wait as China seeks edge
CANBERRA/HONG KONG - The Pentagon's F-35 warplane is giving U.S. allies in Asia a headache as they look to replace ageing jets with a cutting edge aircraft now likely to be at least seven years late in offering a strategic deterrent to China.
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