Press

AF Gruppen has received a letter of award for a decommissioning contract from Scaldis Salvage & Marine Contractors NV. The project will involve the engineering and offshore preparation, of 3 bridge linked platforms for removal on the UK continental shelf. The agreement has an estimated value of 100-125 MNOK excluding VAT.

AF Gruppen recorded NOK 8,595 million revenues in the fourth quarter. Profit before tax was NOK 589 million in the fourth quarter, corresponding to a profit margin of 6.9%. Order intake was NOK 12,505 million in the fourth quarter, resulting in a total order backlog at the end of the quarter of NOK 40,351 million.

Hydro Energi AS has announced its intention to enter into a contract with AF Gruppen for the construction of the Valldalen dam and flood diversion project. The agreement has an estimated value of NOK 200 million excluding VAT.