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AF Gruppen’s HMB Secures SEK 162 Million Care Home Project

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AF Gruppen’s HMB Secures SEK 162 Million Care Home Project

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AF Gruppen ASA ( (AGRUF) ) has issued an update.

HMB Construction AB, a subsidiary of AF Gruppen, has secured a SEK 162 million contract with Hebygårdar AB to build the Tallgården care home in Östervåla. This project, which includes the demolition of an existing structure and the construction of a new 40-apartment care facility, highlights HMB’s capabilities in the care home sector and is set to enhance elderly care in Heby municipality. Construction is scheduled to start in January 2026 and complete by April 2028, marking a significant development in AF Gruppen’s portfolio.

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 leading construction and civil engineering company, known for its expertise in building residential and care facilities. The company operates primarily in the Nordic region, focusing on delivering high-quality projects through its subsidiaries.

YTD Price Performance: 25.14%

Average Trading Volume: 37,934

Current Market Cap: NOK19.77B

See more insights into AGRUF stock on TipRanks’ Stock Analysis page.

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