Norway's AF Gruppen Q4 revenue rises on Civil Engineering unit strength

Af Gruppen ASA

13/02/2026 06:10

Overview

Norway construction firm's Q4 revenue rose

Q4 pretax profit increased

Company completed acquisition of majority shares in Brødrene Myhre

Outlook

AF Gruppen plans to strengthen project management and expertise to enhance competitiveness

Company seeks new growth opportunities through acquisitions

Result Drivers

CIVIL ENGINEERING GROWTH - Revenue increased by 12% due to high activity and efficient operations in major projects

ENERGY AND ENVIRONMENT EXPANSION - Revenue growth of 48% driven by acquisition of AF Elkraft, leading to strong profitability

OFFSHORE CHALLENGES - Despite increased revenues, faced negative result due to project loss in AF Offshore Decom

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
NOK 9.25 bln
NOK 8.81 bln (2 Analysts)
Q4 Pretax Profit
Beat
NOK 653 mln
NOK 574 mln (2 Analysts)
Q4 Adjusted Free Cash Flow
NOK 1.13 bln
Q4 Order Backlog
NOK 44.72 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy."

Wall Street's median 12-month price target for AF Gruppen ASA is NOK196.00, about 2.6% above its February 12 closing price of NOK191.00

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nObiYMM3fa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)