)

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.
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.
Next AF Gruppen earnings date

Next AF Gruppen earnings date

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.
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.
)
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.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
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.
)
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.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
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.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
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.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
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.
Explore our global coverage