Press

Hilde Kristin Herud and Erik Veiby were elected as new board members of AF Gruppen ASA at the annual general meeting on 13 May.

AF Gruppen reports good growth for Q1 2022 and has a record high order backlog at the end of the quarter. Profitability was negatively impacted by price increases for raw materials and supply challenges resulting from geopolitical unrest. Revenues increased by 9 per cent in the quarter to NOK 6,809 million, compared with the same quarter last year, while profit before tax was NOK 209 million.

AF Gruppen has signed a contract with Rolvsrud Idrettspark Holding AS to build 300 apartments in Lørenskog outside of Oslo. The project will be carried out as a turnkey contract and is valued at NOK 810 million excluding VAT.

Helgesen Tekniske Bygg, a subsidiary of AF Gruppen, has signed a contract with Bremnes Fryseri AS in connection with the construction of a new office and refrigerated warehouse in Kvednavikjo in Bømlo municipality.