AF Gruppen ASA (0DH7) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

A result for a tax of 653 million, which gives a result margin of 7.1%. The cash flow from the drift has been at a little over 1.1 billion in the quarter and over 3 billion last year. The order in the fourth quarter reached 9.5 billion, and we have an order reserve of 44.7 billion per 31.12. We have a net interest rate of 1.3 billion, and the board has promised an exchange rate of 6.50 kroner per share, which will be paid out in the first half of 2026. At AF, we start with safety and health first. Everyone must come home safely on their first day. In this quarter, we had one incident that led to serious personal injuries and injuries. When we share this with everyone, including our subcontractors, we reached a H1 value of 0.2. Our goal is zero. We did not manage to achieve this in this quarter, but we register that the good development in our safety work has continued. And 0.4 for the year we had in 2025 is the lowest in the history of the AF group. If we look at the H2 value, it went up to 8.7, which is a strong reminder for the organisation that safety work is fresh material. If we look at health care, it has been stable for the quarter and year at 4.5%. If we go back to the numbers, we have had a turnover growth of 7.6%, and we ended up with 9.2 billion for the quarter, with a record-high result for us of 653 million, which gave a result margin of 7.1%. EBITDA for AF is over 7%, and we are thus very pleased with this quarter. If we look at the return on invested capital, if we take the results of the last four quarters and put the interest rates back, we end up with 1.7 billion. With an average invested capital of 5.1 billion, that gives a return on invested capital of 33.7%. That is higher than our goal of 20%, and we are very pleased with that. If the project is...