AF Gruppen ASA (AFG) : Company Profile and SWOT Analysis by WMIntelligence

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									AF Gruppen ASA

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AF Gruppen ASA                                                             Financial Snapshot

                                                                           Operating Performance
Fast Facts
                                   Innspurten 15, Etterstad, Oslo,         The company reported revenue of US$1,692 million
Headquarters Address
                                   0603,Norway                             during the fiscal year 2012 (2012). The company's
                                                                           revenue grew at a CAGR of 11.99% during 2008–
Telephone                          + 47 22 891100
                                                                           2012, with an annual growth of 28.80% over 2011. In
                                                                           2012, the company recorded an operating margin of
Fax                                + 47 22 891101                          3.31%, as against 5.30% in 2011.

Website                            www.afgruppen.com
                                                                           Revenue and Margins
Ticker Symbol, Stock Exchange      AFG, Oslo Stock Exchange

Number of Employees                2,670

Fiscal Year End                    December

Revenue (in US$ million)           1,692




SWOT Analysis

Strengths                          Weaknesses                              Return on Equity

Broad range of service offerings   Declining operational performance       The company recorded a return on equity (ROE) of
                                                                           17.70% for 2012, as compared to its peers, NCC AB
                                                                           (Ticker: NCC B), Skanska AB (Ticker: SKAB) and
Enhanced financial leverage        Limited liquidity position              Peab AB (Ticker: PEAB B), which recorded ROEs of
                                                                           24.95%, 14.87% and 9.15% respectively. The
                                   Overdependence on the domestic
                                                                           company reported an operating margin of 3.31% in
                                   market
                                                                           2012.
Opportunities                      Threats
                                                                           Return on Equity
Increasing demand for energy       Significant skills shortage in Europe

New contract wins                  Stringent regulations

Trans-European Network transport
                                   Volatile input prices
(TEN-T)




                                                                           Liquidity Position

                                                                           The company reported a current ratio of 0.95 in 2012,
                                                                           as compared to its peers, NCC AB, Skanska AB and
                                                                           Peab AB, which recorded current ratios of 1.69, 1.17
                                                                           and 1.36 respectively. As of December 2012, the
                                                                           company recorded cash and short-term investments
                                                                           of worth US$58 million, against US$13 million current
                                                                           debt. The company reported a debt to equity ratio of
                                                                           0.13 in 2012 as compared to its peers, NCC AB,
                                                                           Skanska AB and Peab AB, which recorded debt to
                                                                           equity ratios of 1.21, 0.54 and 1.15 respectively.




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AF Gruppen ASA - SWOT Profile                                                                                     Page 1
AF Gruppen ASA

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................6
    1.3       Major Products and Services .................................................................................................................................7
2     Analysis of Key Performance Indicators ............................................................................................... 8
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................8
    2.2       Key Financial Performance Indicators ..............
								
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