Third Quarter Results

Developing green-tech companies

Arendals Fossekompani is a green-tech investment company that owns energy- and technology-related companies which enable the transition to a green economy.

1896

Year founded

2200

Employees

27

Countries

4807

Revenue (MNOK)

457

EBITDA (MNOK)

Environment, Social, Governance

Arendals Fossekompani is the result of sustainable choices through generations.

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Investments

Arendals Fossekompani, AFK, is a green-tech investment company that owns energy- and technology-related companies which enable the transition to a green economy. AFK is also a producer of hydropower, a property developer and a financial investor.

Alytic

Alytic develops data-driven companies. Capitalizing on the experience from transforming similar businesses, Alytic will serve as a new growth arena for AFK.

Cogen Energia

Cogen Energia builds and operates cogeneration power plants for higher energy efficiency, reduced CO2-emissions and increased competitiveness.

EFD Induction

EFD Induction provides industrial induction heating processes in defined market segments around the world.

NSSLGlobal

NSSLGIobaI is a leading independent provider of satellite communications and IT solutions with innovation and customer service at the core of its DNA.

Tekna

Tekna delivers equipment for powder production of advanced materials. Tekna is also a producer of such powder.

Volue

Volue helps providers of vital infrastructure and services increase the yield on their assets to grow profits in a sustainable way that benefits society.

Bøylefoss Hydropower Plant

For more than 100 years, Bøylefoss Hydropower Plant has delivered electric power to the industry and households.

Flatenfoss Hydropower Plant

Flatenfoss is situated between Nelaug and Bøylefoss in Nidelva (the Arendal river). The power plant came in to operation in 1927.

Kilandsfoss (PROJECT)

Kilandsfoss kraftverk AS has a consession to utilize the height of fall between Flatenfoss and Bøylefoss in Nidelva.

Glomsdam (PROJECT)

Glomsdam hydropower plant is under planning in Glomsdam at the outlet of Fyresvatn in Telemark.

Norselab

Norselab is Norway’s leading co-founder for meaningful technology startups.

NorSun

NorSun manufactures and markets high performance products for the global solar energy industry.

Financial Investments

AFK has several financial investments in listed and unlisted securities.

Gullknapp Aerial Center

AFK is the principal owner of Gullknapp Aerial Center, a test and competence center for drones, education of pilots and an airport.

Vindholmen Eiendom (Bryggebyen)

At Vindholmen, three kilometers outside Arendal city center, Arendals Fossekompani converts an old maritime business area into a new living district.

Steinodden Eiendom

Steinodden Eiendom AS in Kilsund in Arendal is a 8000 square meters property in a sunny location by the sea.

Bedriftsveien 17

The industrial building in Arendal is the headquarters of Scanmatic.

News

AFK: Third quarter financial results

Arendals Fossekompani (OSE:AFK) reported revenues of NOK 876 million in the third quarter of 2020. An operating profit of NOK 68 million is 28 percent higher than in the same quarter of 2019.

Arendals Fossekompani joins UN Global Compact

“We are pleased to be part of the most important global network for a more sustainable future,” says Ingunn Ettestøl, ESG Director at Arendals Fossekompani.

Acquires Kontali Analyse, establishes growth company Alytic

Arendals Fossekompani has signed an agreement to buy a 71 percent stake in Kontali Analyse.

BoD proposes a share split

The Board of Directors of Arendals Fossekompani proposes a 1:25 split of the AFK share.

Volue listed on Merkur Market

CEO Trond Straume rang the bell to open public trade of the Volue share on Merkur Market today.

Private placement and listing of Volue

Volue AS: Contemplated private placement and listing on Merkur Market

Ettestøl appointed Head of Sustainability

Ingunn Ettestøl is the new Head of Sustainability at Arendals Fossekompani.

Solid Q2 from Arendals Fossekompani

Despite the effects of the Covid-19 pandemic, the portfolio companies of Arendals Fossekompani (AFK) delivered good results in the second quarter of 2020.

Volue awarded contract with German utility giant

Volue will provide German utility giant EnBW a software for the automation of its energy trading operations.

New report on sustainability and CSR

Arendal Fossekompani will make more visible its efforts within sustainability and corporate social responsibility.

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