AF Gruppen continues to grow profitably with revenue growth of 25 per cent and a 60 per cent increase in earnings before tax from 2014 to 2015. For the first time in the history of the company, earnings before tax for the year surpassed NOK 1 billion.

Revenues totalled NOK 12,398 million (9,935 million) in 2015. Preliminary earnings before tax was NOK 1,004 million (625 million) in 2015, corresponding to a profit margin of 8.1 per cent (6.3 per cent). 

Q4 revenues totalled NOK 3,509 million (2,730 million). Earnings before tax was NOK 382 million (216 million) in Q4, corresponding to a profit margin of 10.9 per cent (7.9 per cent) for the quarter. 

AF Gruppen’s total order backlog was NOK 11,183 million (9,429 million). Net operating cash flow was NOK 395 million (-18 million) in Q4 and NOK 1,418 million (86 million) in 2015.

AF Gruppen places the same high demands on our partners and suppliers as we do on ourselves, and we expect that our partners and suppliers participate actively in our efforts to make our shared workplaces safe. The LTI rate for Q4 was 1.0 (1.3). For 2015, the LTI rate was 1.0 (1.1). Total sickness absence for Q4 was 3.5% (3.7%). For 2015, sickness absence was 3.7% (3.5%).

AF Gruppen has a strong financial position, and the group had net interest-bearing receivables of NOK 593 million (-95 million) as at 31 December 2015. For 2016, a dividend of NOK 5.00 (5.00) per share has been proposed for the first half of the year.

"AF Gruppen delivered earnings of over NOK 1 billion for the first time in history, and all the business areas delivered solid results. Thanks to the efforts of our 3,000 capable and motivated employees, we are continuing to grow both organically and through acquisitions. Our foundation for performing well over time is a performance culture based on deeply rooted core values. We have built a good structure for risk management, and we have project organisations that are able to facilitate sound and safe operations together with our customers and partners", says Morten Grongstad, CEO of the AF Gruppen.

For further information:
Morten Grongstad, CEO, mobile +47 991 53 905
Sverre Hærem, CFO, mobile +47 952 45 167
Wibecke Brusdal, Director Corporate Communications, mobile +47 930 93 150