Key Developments: AF AB (AFb.ST)

AFb.ST on Stockholm Stock Exchange

27 Mar 2015
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Latest Key Developments (Source: Significant Developments)

AF divests Lonas Technologia for SEK 30 mln
Friday, 11 Jul 2014 04:59am EDT 

AF AB:To divest the company's 75 percent share in the Russian subsidiary Lonas Technologia (Lonas).Is divesting shares in Lonas for a total of 30 million Swedish crowns.Says the buyer is a Russian company AlmazInvest, a minority shareholder in Lonas.Says the share transfer will be completed in July.  Full Article

AF AB wins East Link Phase 1 from Swedish Transport Administration
Thursday, 12 Jun 2014 02:54am EDT 

AF AB:Says it was, together with Tyrens, designated as technical consulting company in charge of Phase 1 of the East Link project.Order value is estimated at between 100 mln 300 mln Swedish crowns.East Link is an infrastructure project based on improved communication links on a double-track high-speed railway from Linkoping to Jarna and greater Stockholm via Norrkoping, Nykoping/Skavsta, and Trosa/Vagnharad.AF is primarily tasked with handling licensing and planning of Phase 1, based on both completed feasibility study and railway study.Transport Administration's decision becomes legally binding June 22.  Full Article

AF announces further details on FY 2013 dividend and appoints Anders Narvinger as new Chairman and Ernst & Young AB as auditor
Monday, 5 May 2014 11:05am EDT 

AF AB:Approved a dividend payment of 6.50 Swedish crowns per share for the fiscal year 2013.The record day for dividend was set to May 8.Payment from Euroclear Sweden AB is expected to take place on May 13.Appoints Anders Narvinger as the new Chairman of the Board of Directors.Appoints Ernst & Young AB with Hamish Mabon as senior auditor in charge, as auditor of the company.  Full Article

AF AB issues fiscal year 2020 earnings and revenue guidance-DJ
Tuesday, 4 Mar 2014 02:30am EST 

AF AB:Expects to achieve an operating margin, EBIT, of at least 10 percent over a business cycle in 2020-DJ.Expects annual sales to reach 2 billion euros by 2020.Expects the net debt to EBITDA ratio to be within the range of 1.5-2.0 over a business cycle.  Full Article

AF AB proposes FY 2013 dividend of 6.50 Swedish crowns per share
Tuesday, 11 Feb 2014 02:30am EST 

AF AB:Says its Board proposes a dividend per share for fiscal year 2013 of 6.50 Swedish crowns per share.FY 2012 dividend amounted to 5.50 Swedish crowns per share.  Full Article

AF AB wins order with Volvo Cars
Thursday, 23 Jan 2014 03:00am EST 

AF AB:Says it has signed an agreement with Volvo Car Corporation for a two-year project.Says the order is for turn-key services in automation and robotic technology.Says the project involves the development and conversion of an automated production line for Volvo Car Corporation's engine manufacturing facility in Skovde.Says for the most part, the project will be conducted by the AF unit in Skovde, with involvement from AF's operations in Olofstrom and Laxa.Further details were not disclosed.  Full Article

AF AB signs long-term agreement with AB Volvo
Friday, 17 Jan 2014 05:00am EST 

AF AB:Wins a key framework agreement with AB Volvo, applying to Engineering Services for the coming three years.Says the framework agreement is valid for all of AB Volvo's units in Sweden.Says the agreement covers development services for most existing disciplines, including mechanical engineering, design, embedded systems, technical documentation and technical calculations.Says for the most part, the project will be conducted by the AF unit in Gothenburg, with the units in Malmo, Eskilstuna and Vaxjo also conducting activities, as well as the unit in Saffle.  Full Article

AF AB acquires Xact, a Norwegian engineering company
Thursday, 16 Jan 2014 02:30am EST 

AF AB:Says it acquires Xact, a Norwegian engineering company with about 90 employees, and strengthens ÅF's offer to the oil & gas industry.Says the agreed purchase price amounts to 25 mln Swedish krona, and a deferred consideration based on future earnings.  Full Article

AF AB acquires ES-Konsult Energi
Monday, 13 Jan 2014 02:30am EST 

AF AB:Acquires 100 percent of the shares in ES-Konsult Energi och Säkerhet AB with revenues amounting to 70 MSEK.  Full Article

AF AB Expands Further in Norway with Acquisition of Kare Hagen
Monday, 16 Sep 2013 03:37am EDT 

AF AB announced that the Company has acquired 100% of the shares in Oslo-based (Norway) Kare Hagen AS. The agreement has been reached on a purchase price of NOK 60 million and an additional consideration of a maximum of NOK 56 million, based on earnings trends over the period 2013-2015. The acquisition will be completed after a review by the Norwegian Competition Authority which is expected to take approximately three weeks. Kare Hagen was established in 1961 and focuses on project management and construction management activities for public sector clients (hospitals, schools, airports, etc.) in the Oslo region.  Full Article

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