Improved profitability and safe operations in AF
Gruppen
AF Gruppen presents its best pre-tax result for Q1 at
the same time that the injury rate is lower than
ever.
AF Gruppen reported revenues of NOK 2,295 million
(NOK 2,376 million) and earnings before tax of NOK 92
million (NOK 91 million) for Q1. The profit margin
was 4.0% (3.8%).
As at 31 March, AF Gruppen had a combined order
backlog of NOK 10,521 million (9,257 million). Return
on average capital employed was 42.4% (26.7%). Net
operating cash flow was NOK -130 million (-121) i Q1.
AF assigns high priority to HSE, and the LTI rate for
Q1 was 0.9 (2.1). The rotating 12-month LTI rate is
1,1. The profit margin for Q1 was 3.8% (4.6 %).
AF Gruppen has a strong financial position and as at
31 March 2014 the group had net interest-bearing
receivables of NOK 902 million (NOK 42 million).
"It is pleasing that the long-term focus on the
safety of our employees and partners is yielding
results. Skilled employees that are satisfied with
their work is our most important asset, and we will
continue to focus on safety and profitability through
clear leadership and sound risk management," says Pål
Egil Rønn, CEO of AF Gruppen.
For further information, contact:
Pål Egil Rønn, CEO, mobile +47 909 57 713
Sverre Hærem, CFO, mobile +47 952 45 167
Wibecke Brusdal, Director Corporate Communications,
mobile +47 930 93 150
www.afgruppen.no