AF Gruppen ASA

DB:AF8 Stock Report

Market Cap: €1.4b

AF Gruppen Management

Management criteria checks 4/4

AF Gruppen's CEO is Amund Tøftum, appointed in Aug 2020, has a tenure of 4.75 years. total yearly compensation is NOK10.15M, comprised of 43.2% salary and 56.8% bonuses, including company stock and options. directly owns 0.14% of the company’s shares, worth €1.89M. The average tenure of the management team and the board of directors is 4.8 years and 3 years respectively.

Key information

Amund Tøftum

Chief executive officer

NOK 10.2m

Total compensation

CEO salary percentage43.20%
CEO tenure4.8yrs
CEO ownership0.1%
Management average tenure4.8yrs
Board average tenure3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Amund Tøftum's remuneration changed compared to AF Gruppen's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2025n/an/a

NOK 706m

Dec 31 2024NOK 10mNOK 4m

NOK 708m

Sep 30 2024n/an/a

NOK 508m

Jun 30 2024n/an/a

NOK 353m

Mar 31 2024n/an/a

NOK 546m

Dec 31 2023n/an/a

NOK 402m

Sep 30 2023n/an/a

NOK 596m

Jun 30 2023n/an/a

NOK 705m

Mar 31 2023n/an/a

NOK 806m

Dec 31 2022NOK 11mNOK 4m

NOK 958m

Sep 30 2022n/an/a

NOK 1b

Jun 30 2022n/an/a

NOK 1b

Mar 31 2022n/an/a

NOK 1b

Dec 31 2021NOK 9mNOK 4m

NOK 1b

Sep 30 2021n/an/a

NOK 1b

Jun 30 2021n/an/a

NOK 1b

Mar 31 2021n/an/a

NOK 1b

Dec 31 2020NOK 6mNOK 2m

NOK 971m

Sep 30 2020n/an/a

NOK 767m

Jun 30 2020n/an/a

NOK 749m

Mar 31 2020n/an/a

NOK 840m

Dec 31 2019NOK 5mNOK 2m

NOK 854m

Sep 30 2019n/an/a

NOK 899m

Jun 30 2019n/an/a

NOK 886m

Mar 31 2019n/an/a

NOK 782m

Dec 31 2018NOK 4mNOK 2m

NOK 772m

Compensation vs Market: Amund's total compensation ($USD1.01M) is below average for companies of similar size in the German market ($USD1.71M).

Compensation vs Earnings: Amund's compensation has been consistent with company performance over the past year.

CEO

Amund Tøftum (46 yo)

4.8yrs
Tenure
NOK 10,152,000
Compensation

Mr. Amund Tøftum serves as Chief Executive Officer of AF Gruppen ASA since August 24, 2020. Mr. Tøftum has served as Executive Vice President of Offshore at AF Gruppen ASA since January 1, 2016 until Augus...

Leadership Team

NamePositionTenureCompensationOwnership
Amund Tøftum
Chief Executive Officer4.8yrsNOK 10.15m0.14%
€ 1.9m
Anny Øen
Executive VP of Finance & CFO2.7yrsNOK 5.62m0.033%
€ 454.1k
Bård Frydenlund
Executive Vice President of Sweden and Betonmast6.3yrsNOK 5.25m0.18%
€ 2.4m
Tormod Solberg
Executive Vice President of Construction4.7yrsNOK 5.12m0.057%
€ 798.0k
Eirik Wraal
Executive Vice President Energy9.3yrsNOK 5.05m0.037%
€ 518.9k
Geir Flata
Executive Vice President of Civil Engineering & Property6.2yrsNOK 5.71m0.0023%
€ 31.8k
Lars Hjelmeset
Executive Vice President of Offshore2.7yrsNOK 4.71m0.034%
€ 479.6k
Knut Ekern
Communication Directorno datano datano data
Kelly Fusner
Chief Underwriting Officer4.9yrsno datano data
4.8yrs
Average Tenure
48yo
Average Age

Experienced Management: AF8's management team is considered experienced (4.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Hege Bomark
Independent Director13yrsNOK 429.00kno data
Anne Harris
Directorno datano datano data
Oistein Andresen
Directorno datano datano data
Morten Grongstad
Chairman of the Board2yrsNOK 685.00k0.023%
€ 319.7k
Kristian Holth
Independent Director9yrsNOK 445.00kno data
Saloume Djoudat
Director4yrsNOK 429.00kno data
Hilde Flaen
Employee Representative Director7.3yrsNOK 302.00kno data
Erik Veiby
Director3yrsNOK 429.00kno data
Hilde Herud
Independent Director3yrsNOK 429.00kno data
Marianne Gjertsen
Director2yrsNOK 429.00kno data
Espen Jahr
Employee Representative Director3yrsNOK 302.00kno data
Rene Kristensen
Employee Representative Director1.3yrsno datano data
3.0yrs
Average Tenure
52yo
Average Age

Experienced Board: AF8's board of directors are considered experienced (3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/24 10:36
End of Day Share Price 2025/05/23 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

AF Gruppen ASA is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Mikkel Nyholt-SmedsengCarnegie Investment Bank AB
Martin StenshallDanske Bank