Private company

AF Gruppen

Logo: AF Gruppen, CC BY-SA 4.0, via Wikimedia Commons3

Norwegian civil engineering and construction company

The AF Group ASA (OSE: AFG) (Norwegian: AF Gruppen) is the third largest civil engineering and construction company in Norway. The company headquarters is located in Oslo.2 From Wikipedia, CC BY-SA 4.0

Last updated Oct 16, 2026.

Overview

1985Founded1
  • Tickeron Oslo Stock Exchange1
  • Industryconstruction1
  • HeadquartersOslo1
  • Websiteafgruppen.no
  • Legal formallmennaksjeselskap1
  • Listed onOslo Stock Exchange (AFG)1

The AF Group ASA (OSE: AFG) (Norwegian: AF Gruppen) is the third largest civil engineering and construction company in Norway. The company headquarters is located in Oslo. The AF Group is listed on the Oslo Stock Exchange.2

How it started

History

The AF Group was established by Per Ove Aftreth and Leif Jørgen Moger as Arbeidsfellesskapet (AF) in 1985. The company eventually went into the oil and gas sector and built the landfall tunnel from the Troll Field in 1991, among other projects. AF merged with Ragnar Evensen in 1997, one of Oslo's largest contractors, which doubled AF's revenues. The acquisition of real estate-company Odin in 1997 was the basis for the business area Property, and AF built up the business areas demolition and recycling in the years that followed. The company took on the demolition of Sola Refinery in Jæren in 2000, one of the largest demolition projects in Norway. AF eventually became one of Norway's biggest within demolition.

Today, the company is one of the largest providers of energy efficiency and renewable energy production. In 2013, Offshore was established as a separate business area, after several projects in the years before. The Offshore commitment was extended with maintenance and modification, as well as marine and rig services, and new contracts in the North Sea resulted in Environmental Base at Vats, a modern reception facility for decommissioned offshore installations.

From Wikipedia’s article on AF Gruppen, shared under CC BY-SA 4.0.2

Employees over time

AF Gruppen employees by year15.8K in 2025+6% since 2019
02.0K4.0K6.0K2019: 5.5K5.5K20192020: 5.5K5.5K2020+0%2025: 5.8K5.8K2025+5%
  • 20255,8051
  • 20205,5101
  • 20195,5001

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

AF Gruppen revenue by year132.0B NOK in 2025+41% since 2019
010.0B NOK20.0B NOK30.0B NOK40.0B NOK2019: 22.6B NOK22.6B NOK20192020: 27.0B NOK27.0B NOK2020+20%2025: 32.0B NOK32.0B NOK2025+18%
  • 202532.0B NOK1
  • 202027.0B NOK1
  • 201922.6B NOK1

Net income

AF Gruppen net income by year11.7B NOK in 2025+61% since 2019
0500.0M NOK1.0B NOK1.5B NOK2.0B NOK2019: 1.0B NOK1.0B NOK20192020: 1.4B NOK1.4B NOK2020+41%2025: 1.7B NOK1.7B NOK2025+14%
  • 20251.7B NOK1
  • 20201.4B NOK1
  • 20191.0B NOK1

Timeline

  1. 1985Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3