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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  AF Gruppen ASA    AFG   NO0003078107

AF GRUPPEN ASA

(AFG)
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AF Gruppen : Building apartments for rent in Strömstad

11/26/2020 | 03:31am EST
Betonmast, a subsidiary of AF Gruppen, has signed a contract with Scandinavian
Property Group (SPG) for the construction of two residential areas in central
Strömstad. This turnkey contract is valued at approximately SEK 239 million,
excluding VAT.<br />
<br />
The new residential developments of Linden and Häggen will be built in an old
industrial area of the town. Five blocks will be built, with a total of 256
apartments.<br />
<br />
The project is expected to commence during the spring 2021, with projected
completion in November 2023. There are caveats concerning building permits and
energy subsidies.<br />
<br />
The project company is owned 45% by Betonmast Eiendom, 10% by VGL Utveckling and
the remaining by SPG.<br />
<br />
"We are delighted to be able to develop affordable apartments for rent in
western Sweden. Transforming an old industrial area into a vibrant district is
especially enjoyable," says CEO Jørgen Evensen of Betonmast.<br />
<br />
<br />
For further details, please contact:<br />
<br />
Jørgen Evensen, CEO of Betonmast, tel.: +47 906 09 310<br />
Bård Frydenlund, Executive Vice President, Sweden and Betonmast for AF Gruppen,
tel.: +47 918 68 621

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials
Sales 2020 26 704 M 3 137 M 3 137 M
Net income 2020 885 M 104 M 104 M
Net cash 2020 143 M 16,8 M 16,8 M
P/E ratio 2020 20,2x
Yield 2020 5,60%
Capitalization 17 954 M 2 122 M 2 109 M
EV / Sales 2020 0,67x
EV / Sales 2021 0,60x
Nbr of Employees 5 523
Free-Float 39,8%
Chart AF GRUPPEN ASA
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AF Gruppen ASA Technical Analysis Chart | AFG | NO0003078107 | MarketScreener
Technical analysis trends AF GRUPPEN ASA
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 2
Average target price 152,00 NOK
Last Close Price 169,60 NOK
Spread / Highest target 1,42%
Spread / Average Target -10,4%
Spread / Lowest Target -22,2%
EPS Revisions
Managers and Directors
NameTitle
Amund Toftum Group Chief Executive Officer
Pål Egil Rønn Chairman
Morten Grongstad President
Sverre Alf Hærem Chief Financial Officer & Executive Vice President
Arne Che Sveen Director
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