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.: Managers and persons´ closely associated transactions

Festi hf.: Managers and persons´ closely associated transactions Please see the attached notification. Attachment

August 14, 2025 1 EN
 PRESS RELEASE
Free
FESTI N1 HF

Festi hf.: Viðskipti stjórnenda og nákominna aðila

Festi hf.: Viðskipti stjórnenda og nákominna aðila Sjá meðfylgjandi tilkynningu. Viðhengi

August 14, 2025 1 EN
 PRESS RELEASE
Free
FESTI N1 HF

Festi hf.: Buyback program week 32

Festi hf.: Buyback program week 32 In week 32 2025, Festi purchased in total 160,000 own shares for total amount of 48,140,000 ISK as follows: WeekDateTimePurchased sharesShare pricePurchase price325.8.202513:21:2250.00030215.100.000326.8.202510:02:4540.00030112.040.000328.8.202510:13:5470.00030021.000.000   160.000 48.140.000 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 parliament and of the Council No. 596/2014, on market abuse, the Commissions Delegated Regulation No. 2016/1052 and th...

August 11, 2025 1 EN
 PRESS RELEASE
Free
FESTI N1 HF

Festi hf.: Endurkaup vika 32

Festi hf.: Endurkaup vika 32 Í 32. viku 2025 keypti Festi alls 160.000 eigin hluti fyrir 48.140.000 kr. eins og hér segir: VikaDagsetningTímasetning viðskiptaKeyptir hlutirViðskiptaverðKaupverð (kr)325.8.202513:21:2250.00030215.100.000326.8.202510:02:4540.00030112.040.000328.8.202510:13:5470.00030021.000.000   160.000 48.140.000 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 framkvæmdastjórnarinnar 2016/1052, samanber lög um aðgerðir gegn markaðssvikum nr. 60/...

August 11, 2025 1 EN
 PRESS RELEASE
Free
FESTI N1 HF

Festi hf.: Buyback program week 31

Festi hf.: Buyback program week 31 In week 31 2025, Festi purchased in total 140,000 own shares for total amount of 42,700,000 ISK as follows: WeekDateTimePurchased sharesShare pricePurchase price3128.7.202515:06:0035.00030510.675.0003130.7.202511:37:2965.00030519.825.0003131.7.202511:26:1640.00030512.200.000   140.000 42.700.000 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 parliament and of the Council No. 596/2014, on market abuse, the Commissions Delegated Regulation No. 2016/1052 and...

August 4, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch