Brief: Af Gruppen Says High Interest Rates Still Affect Operations In Norway
14/11/2025 06:07
Nov 14 (Reuters) - Af Gruppen ASA AFGA.OL: AF GRUPPEN Q3 PRETAX PROFIT NOK 398 MILLION AF GRUPPEN Q3 ADJUSTED FREE CASH FLOW NOK 1,000 MILLION AF GRUPPEN Q3 ORDER BACKLOG NOK 44,382 MILLION AF GRUPPEN Q3 REVENUE NOK 7,803 MILLION AF GRUPPEN Q3 EPS NOK 2.36 BUSINESS AREA CIVIL ENGINEERING HAD HIGH ACTIVITY AND DELIVERED A GOOD RESULT IN Q3 CONSTRUCTION BUSINESS AREA HAD ACTIVITY AT SAME LEVEL AS SAME QUARTER LAST YEAR, AND GOOD PROFITABILITY IN Q3 BUSINESS AREA BETONMAST DELIVERED INCREASED PROFITABILITY COMPARED TO SAME QUARTER LAST YEAR, WITH APPROXIMATELY SAME REVENUES PROPERTY HAD WEAK RESULTS IN QUARTER BUT ACHIEVED POSITIVE EARNINGS BEFORE TAX. ENERGY AND ENVIRONMENT HAD A 10 PERCENT DECLINE IN REVENUES COMPARED TO SAME QUARTER LAST YEAR BUSINESS AREA SWEDEN HAD LOWER ACTIVITY BUT SIGNIFICANTLY IMPROVED PROFITABILITY IN Q3 COMPARED TO SAME QUARTER LAST YEAR OFFSHORE INCREASED ITS ACTIVITY COMPARED TO SAME QUARTER LAST YEAR BUT HAD A WEAK RESULT IN Q3 CONTINUED HIGH INTEREST RATE ENVIRONMENT IS AFFECTING AF GRUPPEN’S OPERATIONS IN NORWAY Source text: ID:nObi16xBQa Further company coverage: AFGA.OL (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))