AF Gruppen Management
Management criteria checks 4/4
AF Gruppen's CEO is Amund Tøftum, appointed in Aug 2020, has a tenure of 5.17 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 NOK25.19M. The average tenure of the management team and the board of directors is 5.3 years and 3.4 years respectively.
Key information
Amund Tøftum
Chief executive officer
NOK 10.2m
Total compensation
| CEO salary percentage | 43.20% |
| CEO tenure | 5.2yrs |
| CEO ownership | 0.1% |
| Management average tenure | 5.3yrs |
| Board average tenure | 3.4yrs |
Recent management updates
Recent updates
The Strong Earnings Posted By AF Gruppen (OB:AFG) Are A Good Indication Of The Strength Of The Business
May 23
AF Gruppen's (OB:AFG) Shareholders Will Receive A Bigger Dividend Than Last Year
May 09Investors Met With Slowing Returns on Capital At AF Gruppen (OB:AFG)
Apr 06Calculating The Fair Value Of AF Gruppen ASA (OB:AFG)
Mar 19AF Gruppen (OB:AFG) Is Paying Out A Larger Dividend Than Last Year
Feb 19Here's What Analysts Are Forecasting For AF Gruppen ASA (OB:AFG) After Its Yearly Results
Feb 18AF Gruppen ASA's (OB:AFG) P/E Is On The Mark
Nov 14Is AF Gruppen (OB:AFG) A Risky Investment?
Oct 24AF Gruppen's (OB:AFG) Conservative Accounting Might Explain Soft Earnings
Sep 07A Look At The Intrinsic Value Of AF Gruppen ASA (OB:AFG)
Aug 31Is AF Gruppen (OB:AFG) Using Too Much Debt?
Jul 17AF Gruppen (OB:AFG) Has Announced That Its Dividend Will Be Reduced To NOK3.50
May 12Why Investors Shouldn't Be Surprised By AF Gruppen ASA's (OB:AFG) P/E
May 11AF Gruppen (OB:AFG) Is Reducing Its Dividend To NOK3.50
Apr 25A Look At The Intrinsic Value Of AF Gruppen ASA (OB:AFG)
Mar 18AF Gruppen (OB:AFG) Will Pay A Smaller Dividend Than Last Year
Feb 27There May Be Some Bright Spots In AF Gruppen's (OB:AFG) Earnings
Feb 22Earnings Miss: AF Gruppen ASA Missed EPS By 44% And Analysts Are Revising Their Forecasts
Feb 18Be Wary Of AF Gruppen (OB:AFG) And Its Returns On Capital
Feb 13Some Confidence Is Lacking In AF Gruppen ASA's (OB:AFG) P/E
Dec 29Is AF Gruppen (OB:AFG) A Risky Investment?
Sep 22These 4 Measures Indicate That AF Gruppen (OB:AFG) Is Using Debt Reasonably Well
Jun 20AF Gruppen (OB:AFG) Is Due To Pay A Dividend Of NOK6.50
May 06AF Gruppen (OB:AFG) Has Announced A Dividend Of NOK6.50
Apr 05A Look At The Fair Value Of AF Gruppen ASA (OB:AFG)
Apr 02AF Gruppen (OB:AFG) Has A Pretty Healthy Balance Sheet
Mar 14AF Gruppen (OB:AFG) Is Due To Pay A Dividend Of NOK6.50
Feb 13Why You Should Care About AF Gruppen's (OB:AFG) Strong Returns On Capital
Feb 03AF Gruppen (OB:AFG) Seems To Use Debt Quite Sensibly
Dec 08Here's Why AF Gruppen (OB:AFG) Can Manage Its Debt Responsibly
Sep 06CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2025 | n/a | n/a | NOK 986m |
| Mar 31 2025 | n/a | n/a | NOK 706m |
| Dec 31 2024 | NOK 10m | NOK 4m | NOK 708m |
| Sep 30 2024 | n/a | n/a | NOK 508m |
| Jun 30 2024 | n/a | n/a | NOK 353m |
| Mar 31 2024 | n/a | n/a | NOK 546m |
| Dec 31 2023 | n/a | n/a | NOK 402m |
| Sep 30 2023 | n/a | n/a | NOK 596m |
| Jun 30 2023 | n/a | n/a | NOK 705m |
| Mar 31 2023 | n/a | n/a | NOK 806m |
| Dec 31 2022 | NOK 11m | NOK 4m | NOK 958m |
| Sep 30 2022 | n/a | n/a | NOK 1b |
| Jun 30 2022 | n/a | n/a | NOK 1b |
| Mar 31 2022 | n/a | n/a | NOK 1b |
| Dec 31 2021 | NOK 9m | NOK 4m | NOK 1b |
| Sep 30 2021 | n/a | n/a | NOK 1b |
| Jun 30 2021 | n/a | n/a | NOK 1b |
| Mar 31 2021 | n/a | n/a | NOK 1b |
| Dec 31 2020 | NOK 6m | NOK 2m | NOK 971m |
| Sep 30 2020 | n/a | n/a | NOK 767m |
| Jun 30 2020 | n/a | n/a | NOK 749m |
| Mar 31 2020 | n/a | n/a | NOK 840m |
| Dec 31 2019 | NOK 5m | NOK 2m | NOK 854m |
| Sep 30 2019 | n/a | n/a | NOK 899m |
| Jun 30 2019 | n/a | n/a | NOK 886m |
| Mar 31 2019 | n/a | n/a | NOK 782m |
| Dec 31 2018 | NOK 4m | NOK 2m | NOK 772m |
Compensation vs Market: Amund's total compensation ($USD1.02M) is about average for companies of similar size in the Norwegian market ($USD921.70K).
Compensation vs Earnings: Amund's compensation has been consistent with company performance over the past year.
CEO
Amund Tøftum (47 yo)
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 5.2yrs | NOK 10.15m | 0.14% NOK 25.2m | |
| Executive VP of Finance & CFO | 3.1yrs | NOK 5.62m | 0.033% NOK 6.0m | |
| Executive Vice President of Sweden and Betonmast | 6.8yrs | NOK 5.25m | 0.18% NOK 32.5m | |
| Executive Vice President of Construction | 5.1yrs | NOK 5.12m | 0.057% NOK 10.6m | |
| Executive Vice President Energy | 9.8yrs | NOK 5.05m | no data | |
| Executive Vice President of Civil Engineering & Property | 6.6yrs | NOK 5.71m | no data | |
| Executive Vice President of Offshore | 3.1yrs | NOK 4.71m | no data | |
| Communication Director | no data | no data | no data | |
| Chief Underwriting Officer | 5.3yrs | no data | no data |
Experienced Management: AFG's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | less than a year | no data | no data | |
| Director | less than a year | no data | no data | |
| Chairman of the Board | 2.4yrs | NOK 685.00k | no data | |
| Independent Director | 9.4yrs | NOK 445.00k | no data | |
| Director | 4.4yrs | NOK 429.00k | no data | |
| Employee Representative Director | 7.8yrs | NOK 302.00k | no data | |
| Director | 3.4yrs | NOK 429.00k | no data | |
| Director | 2.4yrs | NOK 429.00k | no data | |
| Employee Representative Director | 3.4yrs | NOK 302.00k | no data | |
| Employee Representative Director | 1.8yrs | no data | no data | |
| Director | 9.8yrs | no data | no data |
Experienced Board: AFG's board of directors are considered experienced (3.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/03 05:45 |
| End of Day Share Price | 2025/10/03 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Mikkel Nyholt-Smedseng | Carnegie Investment Bank AB |
| Martin Stenshall | Danske Bank |