FESTI N1 Hf

Festi hf: Forecast updated based on preliminary accounts for Q1 2021

Festi hf: Forecast updated based on preliminary accounts for Q1 2021

According to preliminary management accounts for Q1 2021, EBITDA will be ISK 1,505 million compared to ISK 1,021 for the same period last year which is an increase of ISK 484 million.  The effects of COVID-19 pandemic started in Q1 2020 and had a significant negative effect on that quarter.  

The results of Q1 2021 is higher than expected for ELKO, Krónan and N1 despite government restrictions on gatherings. The Icelandic government has now published a new vaccination plan and expects herd immunity to be reached in the middle of the summer this year which should bring life back to normal again.

In light of Q1 2021 better results and the government plans of vaccination, EBITDA forecast for the year 2021 is increased by ISK 400 million to ISK 7.900 – ISK 8.300 million. It is however highlighted that Festi‘s operation is seasonal and the largest part of EBITDA result is obtained in Q2 and Q3 of the year.

The Financial Statement for Q1 2021 will be published on 28 April and on 29 April, Festi will host a conference call for investors and shareholders at 8:30 in the morning.

Further information will be given by Eggert Kristófersson, CEO, ( ) and Magnús Kr. Ingason, CFO, ( )



EN
23/04/2021

Underlying

FESTIN1 Hf

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on N1 Hf

 PRESS RELEASE
Free
FESTI N1 HF

Festi hf.: Buyback program week 7

Festi hf.: Buyback program week 7 In week 7 2026, Festi purchased in total 135,000 own shares for total amount of 46,145,000 ISK as follows: WeekDateTimePurchased sharesShare pricePurchase priceWeek 709/02/202610:38              35.000342,00    11.970.000Week 710/02/202610:42              50.000342,00    17.100.000Week 711/02/202614:49              25.000343,00      8.575.000Week 712/02/202614:55              25.000340,00      8.500.000 The execution of the buyback program is in accordance with the Act on Public Limited Companies No 2/1995, Article 5 of the Regulation of the European parlia...

February 16, 2026 1 EN
 PRESS RELEASE
Free
FESTI N1 HF

Festi hf.: Endurkaup vika 7

Festi hf.: Endurkaup vika 7 Í 7. viku 2026 keypti Festi alls 135.000 eigin hluti fyrir 46.145.000 kr. eins og hér segir: VikaDagsetningTímiMagnVerðKaupverðVika 709/02/202610:38              35.000342,00    11.970.000Vika 710/02/202610:42              50.000342,00    17.100.000Vika 711/02/202614:49              25.000343,00      8.575.000Vika 712/02/202614:55              25.000340,00      8.500.000 Framkvæmd endurkaupaáætlunarinnar er í samræmi við lög um hlutafélög nr. 2/1995, 5. gr. reglugerðar Evrópuþingsins og ráðsins (ESB) um markaðssvik nr. 596/214, framselda reglugerð framkvæmdastjór...

February 16, 2026 1 EN
 PRESS RELEASE
Free
FESTI N1 HF

Festi hf.: Issuance of a New Bond Series

Festi hf.: Issuance of a New Bond Series Festi hf. has today completed the sale of a new bond series, FESTI 050331, issued under the Company’s ISK 8,000,000,000 issuance programme. The bonds are index-linked with a nominal value of ISK 4,200,000,000 and were sold at a yield of 3.95%. The bond series have five-year maturity with two equal payments per year. The settlement date is scheduled for 20 February 2026. Subsequently, an application will be submitted for the bonds to be admitted to trading on the Main Market of Nasdaq Iceland. The proceeds from the issuance will be used to refinanc...

February 13, 2026 1 EN
 PRESS RELEASE
Free
FESTI N1 HF

Festi hf.: Útgáfa á nýju skuldabréfi

Festi hf.: Útgáfa á nýju skuldabréfi Festi hf. lauk í dag sölu á nýjum almennum skuldabréfaflokki FESTI 050331, sem gefinn er út undir kr. 8.000.000.000 útgáfuramma félagsins. Seld voru verðtryggð skuldabréf að nafnvirði 4.200.000.000 kr. á ávöxtunarkröfunni 3,95. Skuldabréfaflokkurinn er til 5 ára með jöfnun afborgunum tvisvar á ári. Greiðslu- og uppgjörsdagur er fyrirhugaður 20. febrúar 2026 og í kjölfarið verður sótt um að skuldabréfaflokkurinn verði tekinn til viðskipta á Aðalmarkað Nasdaq Iceland. Afrakstri skuldabréfaflokksins verður varið til endurfjármögnunar á hluta af skuldum f...

February 13, 2026 1 EN
 PRESS RELEASE
Free
FESTI N1 HF

Festi hf.: Annual General Meeting March 5, 2026

Festi hf.: Annual General Meeting March 5, 2026 The Board of Directors of Festi hf. hereby announces that the Annual General Meeting of the company will be held on Thursday March 5, 2025, at 10.00 at the Company’s headquarters at Dalvegur 10 – 14, Kópavogur. Enclosed is the notice of the Annual General Meeting with its’ agenda, proposals for the meeting, Remuneration Policy and the reports of the Remuneration Committee and the Nomination Committee. Further information regarding the Annual General Meeting and documents can be accessed on the Company’s website:     For further information ...

February 10, 2026 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch