PRESENTATION

José Avelino Aguiar Farinha, who is, currently, the Chairman of the Board of Directors and sole shareholder, was one of the founders of the AFA Group, in 1980 in the Autonomous Region of Madeira, with the establishment of Avelino Farinha & Agrela, Lda. (presently AFAVIAS, S.A.). Today the AFA Group is a consolidated international business holding interests in various entrepreneurial areas. For 2018, the consolidated assets of the AFA Group totalled to 584 462 564 euros.


The construction and engineering sector are, until this day, the main business areas of the group, contributing to the largest percentage of its turnover, through AFAVIAS and CTM.


This sector was also the responsible for the Group’s internationalisation strategy, and it is in the African continent that the greatest interests of the AFA Group are concentrated. The international expansion started in 2007 in Mauritania and Senegal. Concurrently, AFAVIAS set up in Angola with the establishment of its first branch.


Continuing the expansion policy implemented at the AFA Group for the purpose of diversifying its business areas, in 2015 the Group makes the biggest investment in the hotel unit sector, through the acquisition of three hotels and the Savoy brand in Portugal. This business area presently comprises six hotel units.


The complementarity between the sectors of civil construction and real estate promotion has lead this latter area to be considered one the Group’s three central pillars.


AFA Group is, as well, currently present in other business areas, namely in the executive aviation, media, waste management, cement commercialisation, commercialisation and extraction of inerts and in the roads concessions, among others.

MESSAGE FROM THE CHAIRMAN

MESSAGE FROM THE CHAIRMAN

Through hard work dedication, imagination and great technical and financial thoroughness AFA Group activity has been built, developed and consolidated over the last thirty years.

To achieve the goals it has always set itself, the AFA Group has opted for the following fundamental objectives:
- The rendering of an ever better service to customers;
- The creation of wealth and well-being;
- Action based on thoroughness and rigour;
- The implementation of environmentally appropriate and sustainable methods;
- The strengthening of the corporate social responsibility of the Group in the milieu where it acts.

It was based on the dedication of everyone - managers and employees - that the AFA Group grew, modernised, expanded and took its operations to an international scale, managing to get through the more adverse stages it has faced over time.

And it is this same attitude - technical and financial thoroughness, hard work and a mission spirit - which I am sure the AFA Group will be able, by creating its own opportunities, to pursue its path, meeting the challenges placed before it and strengthening its position on the global market.

However, in this highly competitive world just as important as technical and financial capacity are dedication, the spirit of cooperation in the Group and, first and foremost, the spirit of sacrifice and adaptation to the new realities and requirements of globalisation.

 

The internationalization of our company is already acquired data and a more and more permanent need.
 
We will maintain a team spirit with strong business culture and great collaboration and dedication among all of our workers, always with the objective of strengthening our presence in the markets where we operate, with high professionalism and a competitive spirit, seeking to do more and better, above all in a difficult and elusive time.
 
Personal and group value, professional recognition and incentive for merit will continue to be part of our work philosophy, propelling and embracing new challenges, with the same vigor, commitment and dedication.