AF Gruppen boosts profit and revenue on record activity and solid order book

AF Gruppen ASA ( (AGRUF) ) has shared an announcement.

AF Gruppen reported first-quarter 2026 revenues of NOK 7.98 billion, up 12% year-on-year, with profit before tax rising 49% to NOK 318 million and margin improving to 4.0%. The group highlighted strong cash flow, record-high activity and a solid order backlog of NOK 44.5 billion, underpinned by healthy performance in core construction segments and a continued focus on safety and operational efficiency.

Civil engineering, building and Swedish operations delivered solid growth, while Energy and Environment expanded rapidly on the back of acquisitions such as AF Elkraft and Brødrene Myhre. Property and offshore activities remained weaker, but AF Gruppen is deepening its position in power infrastructure and offshore decommissioning through structural growth and acquisitions, moves that reinforce its strategic role in the renewal of Norwegian and international energy systems.

The most recent analyst rating on (AGRUF) stock is a Hold with a NOK196.00 price target. To see the full list of analyst forecasts on AF Gruppen ASA stock, see the AGRUF Stock Forecast page.

More about AF Gruppen ASA

AF Gruppen ASA is a Norwegian contracting and industrial group operating across civil engineering, building, property development, offshore, energy and environmental services, and related operations in Norway and Sweden. The company focuses on large infrastructure and construction projects, decommissioning, and power and environmental solutions, positioning itself as a key player in Nordic construction and infrastructure markets.

Average Trading Volume: 40,442

Current Market Cap: NOK19.76B

For detailed information about AGRUF stock, go to TipRanks’ Stock Analysis page.