AF GRUPPEN NORGE AS
The operating margin in 2025 was 5.1 %
We hold too few companies in this industry to give a credible comparison. Our threshold is 30.
Key figures 2025
- Revenue
- 10.1 bn kr
- Operating profit
- 520.4 m kr
- Operating margin
- 5.1 %
- Equity ratio
- 19.9 %
- Revenue growth
- +23.2 %from the year before
- Equity
- 2.8 bn kr
The industry
We cannot compare this company
We hold too few companies in this industry to give a credible comparison. Our threshold is 30.
How the company stands
Margin says how it went, the balance sheet says how the company stands
Two companies on the same margin can be in entirely different situations. These figures come from the balance sheet and say something about how well the company would take a bad quarter.
- 1.2Current ratioSound
- The company covers what falls due, but without much room. How many kroner the company holds in current assets for every krone falling due within the year. Below 1 means the bills coming due are larger than what there is to pay them with.
- 4.0Debt to equityWorth a look
- The debt is large against the equity, so little needs to go wrong before the company depends on its bank's goodwill. How many kroner of debt the company carries per krone of equity. Lower is safer.
- 18.7Interest coverStrong
- Interest is a small part of what the company earns. How many times the operating result covers the interest the company pays.
- 282.6 m krRetained earningsSound
- The company has earned money over time, but less than was put in. How much the company has earned and kept across its whole life, beyond what the owners put in.
Public contracts
Public contracts the company has won
We find 17 public contracts awarded to the company between 2022 and 2026. Total stated value is 3.3 bn kr.
| Year | Buyer | Value | Comes up again |
|---|---|---|---|
| 2026 | Kystverket | above 100 million euro, not summed | |
| 2026 | Indre Østfold kommune | not stated | |
| 2026 | Statsbygg | not stated | |
| 2026 | Helse Sør-Øst RHF | 248.3 m kr | |
| 2026 | Helse Sør-Øst RHF | 550.3 m kr | |
| 2026 | Movar Iks | 544.1 m kr | |
| 2025 | Hafslund Celsio AS | 560.9 m kr | |
| 2025 | Asker kommune | not stated | |
| 2025 | Statsbygg | 375.3 m kr | |
| 2025 | Helse Sør-Øst RHF | 992.1 m kr | |
| 2025 | Avinor AS | not stated | |
| 2024 | Forsvarsbygg | not stated |
and 5 more
A value is stated on 6 of 17 contracts. The total covers only those.
Contracts come from Doffin and TED. Our collection is not complete, and TED covers only contracts above the EEA threshold, so the figures are a floor and not a full count. We say what we find, not what exists.
Contract values are reported in euro and converted to kroner at the Norges Bank rate of 10.79 (2026-09-16).
History
How it has developed
| Year | Revenue | Operating profit | Margin |
|---|---|---|---|
| 2025 | 10.1 bn kr | 520.4 m kr | 5.1 % |
| 2024 | 8.2 bn kr | 520.4 m kr | 6.3 % |
| 2023 | 7.6 bn kr | 488.9 m kr | 6.5 % |
| 2022 | 7.6 bn kr | 197.7 m kr | 2.6 % |
| 2021 | 7.9 bn kr | 476.2 m kr | 6.0 % |
| 2020 | 7.4 bn kr | 472 m kr | 6.3 % |
| 2019 | 10 bn kr | 487.6 m kr | 4.9 % |
| 2018 | 9.8 bn kr | 480.3 m kr | 4.9 % |
| 2017 | 6.9 bn kr | 301.8 m kr | 4.4 % |
| 2016 | 6.3 bn kr | 695.3 m kr | 11.0 % |
| 2015 | 6.4 bn kr | 699.2 m kr | 10.9 % |
Next step
The figures say where the company stands, not why
The accounts show the result of how the company is run, but say nothing about where in the working day the time and the money disappear. That is only found by walking through the flow itself, from the job coming in to the money being on the account.