Logotype for AF Gruppen

AF Gruppen (AFG) investor relations material

AF Gruppen Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for AF Gruppen
Q2 2025 earnings summary29 Aug, 2025

Executive summary

  • Revenue reached MNOK 7,808 in Q2 2025, up from MNOK 7,651 year-over-year, with H1 revenue at MNOK 14,937.

  • Pre-tax profit surged to MNOK 388 in Q2 2025 from MNOK 21 in Q2 2024, and to MNOK 603 in H1 2025 from MNOK 207.

  • High activity and strong performance across the organization, with notable improvements in Betonmast and Sweden segments.

  • Result margin improved to 5.0% in Q2 2025 from 0.3% last year.

  • Order intake was MNOK 8,068 in Q2 and MNOK 19,078 in H1, with a record order backlog of MNOK 44,493 as of June 30, 2025.

Financial highlights

  • Operating profit for Q2 2025 was MNOK 390, up from MNOK 37 in Q2 2024.

  • Q2 EBITDA was MNOK 568 (210 YoY); H1 EBITDA was MNOK 974 (567 YoY).

  • Cash flow from operations was MNOK 580 in Q2 and MNOK 910 in H1 2025.

  • Available liquidity stood at MNOK 4,281, including a credit facility.

  • Net interest-bearing debt at June 30, 2025, was MNOK 263, down from MNOK 979 year-over-year.

Outlook and guidance

  • Market for new residential construction remains cautious, with gradual improvement expected from 2026.

  • Stable outlook for the construction and civil engineering market, with expected growth in Norway and Sweden in 2025–2026.

  • Interest rate cuts in Norway and Sweden expected to stimulate activity.

  • Focus remains on controlled, profitable growth, risk management, and maintaining a strong order pipeline.

  • Public sector demand remains a key driver for civil engineering; building market expected to recover with growth in residential and commercial segments.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next AF Gruppen earnings date

Logotype for AF Gruppen
Q3 202514 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next AF Gruppen earnings date

Logotype for AF Gruppen
Q3 202514 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

AF Gruppen ASA was incorporated in Norway in 1954. Operating since then as a contracting and industrial company engaged in civil engineering, environment, building, property, energy, and offshore businesses primarily in Norway and Sweden. The Company's segments include Nordic Operations Segment (NO), which is located in Norway and Sweden; Domestic Operations Segment (SE), which is located in Sweden; and Expanded Markets Segment (EM). AF Gruppen ASA is based in Oslo, Norway.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage