AF Gruppen ASA (FRA:AF8) Gross Profit : €806 Mil (TTM As of Dec. 2023)

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What is AF Gruppen ASA Gross Profit?

AF Gruppen ASA's gross profit for the three months ended in Dec. 2023 was €222 Mil. AF Gruppen ASA's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was €806 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. AF Gruppen ASA's gross profit for the three months ended in Dec. 2023 was €222 Mil. AF Gruppen ASA's Revenue for the three months ended in Dec. 2023 was €696 Mil. Therefore, AF Gruppen ASA's Gross Margin % for the quarter that ended in Dec. 2023 was 31.93%.

AF Gruppen ASA had a gross margin of 31.93% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of AF Gruppen ASA was 41.01%. The lowest was 29.29%. And the median was 32.75%.

Warning Sign:

AF Gruppen ASA gross margin has been in long-term decline. The average rate of decline per year is -1.8%.

AF Gruppen ASA Gross Profit Historical Data

The historical data trend for AF Gruppen ASA's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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AF Gruppen ASA Gross Profit Chart

AF Gruppen ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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739.33

773.28

855.13

866.60

804.05

AF Gruppen ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															241.54	199.62	190.30	193.96	222.09

Competitive Comparison of AF Gruppen ASA's Gross Profit

For the Engineering & Construction subindustry, AF Gruppen ASA's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AF Gruppen ASA's Gross Profit Distribution in the Construction Industry

For the Construction industry and Industrials sector, AF Gruppen ASA's Gross Profit distribution charts can be found below:

* The bar in red indicates where AF Gruppen ASA's Gross Profit falls into.

AF Gruppen ASA Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

AF Gruppen ASA's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	2621.205	-	1817.155
	=	804

AF Gruppen ASA's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	695.656	-	473.564
	=	222

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €806 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

AF Gruppen ASA's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	222	/	695.656
	=	31.93 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

AF Gruppen ASA (FRA:AF8) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

AF Gruppen ASA had a gross margin of 31.93% for the quarter that ended in Dec. 2023 => Competition eroding margins

AF Gruppen ASA Gross Profit Related Terms

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AF Gruppen ASA (FRA:AF8) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

AGRUF:USA AFGO:Sweden AFG:Norway

Address

Innspurten 15, P.O. box 6272, Oslo, NOR, 0663

Website

https://www.afgruppen.com

AF Gruppen ASA A is one of Norway's leading contracting and industrial groups. It provides civil engineering and services geared toward environmental, building, and energy markets. The company conducts projects related to roads, railways, ports, power, and energy development. For buildings and property development, its services span the entire value chain, and resources are utilized for planning and execution. The majority of revenue comes from traditional building activities, including new projects and rehabilitation ventures. Environmental services revolve around demolition, removal, and environmental clean-up of buildings and industrial plants. AF Gruppen's customers are primarily public agencies and private companies.

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