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

AF GRUPPEN ASA

(AFG)
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AF Gruppen : New site acquisition in Oslo

11/10/2020 | 06:01am EST
AF Gruppen has entered into an agreement with the Ministry of Justice and Public
Security c/o the Directorate for Civil Protection and Emergency Planning (DSB)
to buy 50% of the property at Trondheimsveien 529. 

The property is being acquired jointly with BORI Utbygging AS, who will own the
other 50%. The site measures 17.4 acres and is located in Grorud. It is in close
proximity to Lillomarka with views across parts of the Grorud Valley.

To date, Trondheimsveien 529 has been used by the Oslo and Akershus civil
defence district. There are now plans being prepared for an integrated area with
up to 300 homes, open squares and green spaces. The site has been set aside for
residential housing in the current municipal plan and is subject to planning
permission prior to any further development. The agreed price for the property
is NOK 118 million on a 100% ownership basis. It is expected that the contract
will be signed before the end of Q4 2020 and that the transaction will take
place in Q1 2021.

"We are pleased to realise yet another site purchase in an area where we see
great potential for development. The site benefits from an attractive location
in a priority growth area of Oslo," says Ida Aall Gram, EVP Property and
HR/Communication at AF Gruppen. 


For further information: 

EVP Property, HR and Communication, Ida Aall Gram, tel. +47 918 00 826
CEO, Amund Tøftum, tel. +47 920 26 712

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials
Sales 2020 26 704 M 3 129 M 3 129 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 20,1x
Yield 2020 5,63%
Capitalization 17 849 M 2 078 M 2 091 M
EV / Sales 2020 0,66x
EV / Sales 2021 0,59x
Nbr of Employees 5 523
Free-Float 39,8%
Chart AF GRUPPEN ASA
Duration : Period :
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 168,60 NOK
Spread / Highest target 2,02%
Spread / Average Target -9,85%
Spread / Lowest Target -21,7%
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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