AF Gruppen up after Q4 beat, H1 dividend

Af Gruppen ASA

14/02/2025 09:03

** Shares in AF Gruppen  AFGA.OL  rise nearly 3% after the
contractor and industrial group reported consensus-beating Q4
results and proposed an H1 dividend 
    ** It posted Q4 EBIT increasing to NOK 607 million ($55
million) from NOK 302 million a year ago, which Kepler Cheuvreux
says is 28% ahead of consensus
    ** The company proposed a dividend of NOK 5.00 per share for
H1 2025
    ** "Overall, we view AF Gruppen's Q4 results as stronger
compared with expectations," Albin Sandberg, analyst at Kepler
Cheuvreux, says
    ** Sandberg adds that the dividend for H1 2025 was
"reassuring", and that Civil Engineering units weaker
performance was more than offset by other divisions



($1 = 11.1135 Norwegian crowns)

 (Reporting by Marta Frackowiak)
 ((marta.frackowiak@thomsonreuters.com))