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Annual Report 2023

Our people are our greatest assets, and together we find solutions that meet the needs of the future.

News in AF Gruppen

  • AF Gruppen with improvement in profits for the first quarter

    AF Gruppen recorded first quarter revenues of NOK 7,187 million. Profit before tax was NOK 186 million in the quarter, an improvement from the corresponding quarter in 2023. In the first three months of the year, the group had a very strong increase in revenue within Civil Engineering and solid order intake within Construction.


  • AF Gruppen acquires majority stake in ETA Norge

    AF Energi og Miljø AS has completed the acquisition of 70 percent of the shares in ETA Norge AS. ETA Norge is a highly competent contractor in bioenergy. The company was established in 2023 and has 13 employees. In 2023, the company had a turnover of NOK 97 million with an operating margin of 18.5 percent. The company delivers heating systems to agriculture and industry, and assists with project planning, installation, and service.


  • Building even more homes for OBOS at Fornebu

    AF Gruppen has entered into an agreement with Storøykilen Utvikling AS, a wholly-owned subsidiary of OBOS Fornebu AS, to build Block 4 in the residential project Storøykilen at Fornebu in Bærum. The project will be carried out as a turnkey contract and has a value of approximately NOK 425 million incl. VAT.