Brief: Af Gruppen Flags Delcining Number Of New Projects

Af Gruppen ASA

15/05/2025 06:14

May 15 (Reuters) - Af Gruppen ASA AFGA.OL:

AF GRUPPEN Q1 REVENUE NOK 7,129 MILLION

AF GRUPPEN Q1 PRETAX PROFIT NOK 214 MILLION

AF GRUPPEN Q1 ADJUSTED FREE CASH FLOW NOK 330 MILLION

AF GRUPPEN Q1 EPS NOK 1.27

AF GRUPPEN Q1 ORDER BACKLOG NOK 44,232 MILLION

PERSISTENT INFLATION AND  HIGH INTEREST RATES ARE AFFECTING AF GRUPPEN’S OPERATIONS IN  NORWAY AND SWEDEN

NEGATIVE  DEVELOPMENTS IN THE CONSTRUCTION SEGMENT, WHILE THE CIVIL  ENGINEERING SEGMENT HAS CONTRIBUTED POSITIVELY

HIGH  FINANCING COSTS AND MATERIAL PRICES ARE REDUCING THE  PROFITABILITY OF NEW PROJECTS

REDUCED WILLINGNESS AND  CAPACITY TO INVEST MEAN THE NUMBER OF NEW PROJECTS BEING  INITIATED HAVE DECLINED.

Source text: ID:nObiCCnVDa

Further company coverage: AFGA.OL

 (Gdansk Newsroom)

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