AF Gruppen reports of 7% profit margin for Q3

OSLO, 18-11-2014 — /EuropaWire/ —  AF Gruppen’s profit margin for Q3 was 7 %. The profit margin and injury rate shows that work on continuous improvement in the organizations is progressing. AF Gruppen is well equipped for further growth, both organizationally and financially.

Revenues were NOK 2,343 million (NOK 2,534 million)  and earnings before tax were NOK 164 million (148 million) in the 3rd quarter. The profit margin for Q3 was 7.0 % (5.8 %). Revenues as at Q3 were NOK 7,205 million (7,619 million) and earnings before tax were NOK 408 million (367 million).

The profit  margin as at Q3 was 5.7 % (4.8 %). AF Gruppen’s  total order backlog was NOK 10,347 million (11,375 million). Net operating cash flow was NOK 210 million (NOK 218 million) in Q3 and NOK 104 million
(NOK 486 million) year to date.

AF assigns high priority to HSE, and the LTI rate for Q3 was 0.4 (1.4). As at Q3 the LTI rate was 1.0 (1.5). Total sickness absence for Q3 was 3.2 % (3.3 %). As at Q3 sickness absence was 3.4 % (3.8 %).

As at 30 September 2014, AF Gruppen had net interestbearing debt of NOK 39 million (NOK -226 million).

“It is satisfying to see that our units are performing well and delivering good results. Distinct leadership, motivated employees and solid risk management result in sound operations and a low injury rate. Now we want to increase focus on profitable growth, and will intensify the search for candidates who perform well and who share our culture and values,” says Pål Egil Rønn, CEO of AF Gruppen.

For further information, contact: 
Pål Egil Rønn, CEO, mobile +47 909 57 713
Sverre Hærem, CFO, mobile +47 952 45 167
Wibecke Brusdal, Director Corporate Communications,
mobile +47 930 93 150

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