Festi hf.: Share option scheme for employees of the Festi Group – final participation and allocation of share options At the Annual General Meeting of Festi, held on 6 March 2024, the Board of Directors was authorized to approve a share option scheme and to enter into share option agreements with permanent employees of the Group, in compliance with Article 10 of the Income Tax Act No. 90/2003. Share option agreements have now been concluded with employees in accordance with the approved share option scheme. According to the scheme the share option applies to all permanent employees of Festi...
Festi hf.: Úthlutun kauprétta Á fundi stjórnar Festi þann 23. apríl 2024 var tekin ákvörðun um að veita lykilstjórnendum samstæðunnar kauprétti að samtals 4.725.000 hlutum í félaginu, eða sem samsvarar um 1,57% af útgefnu hlutafé félagsins. Forstjóra og framkvæmdastjórum félagsins var veittur kaupréttur að samtals 1.890.000 hlutum eða 270.000 hlutum hver. Kaupréttarsamningar vegna hinna úthlutuðu hluta voru undirritaðir í dag, 24. apríl 2024. Eru skilmálar þeirra í samræmi við samþykkt aðalfundar Festi hinn 6. mars 2024 á kaupréttaráætlun fyrir forstjóra, æðstu stjórnendur og lykilstar...
Festi hf.: Allocation of share options At Festi Board meeting on April 23, 2024, a decision was made to grant key employees of the Group share options covering a total of 4,725,000 shares in the Company, corresponding to 1.57% of the Company's issued share capital. The CEO and the Executive management of the Company were granted share options for a total of 1,890,000 shares or 270,000 shares each. Share option agreements for the allocated shares were signed today, April 24, 2024. Their terms are in accordance with the resolution of the Festi Annual General Meeting on March 6, 2024, appr...
Festi hf.: Fjárfestakynning 1. ársfjórðungs 2024 Festi hf. birti uppgjör fyrir fyrsta ársfjórðung 2024 eftir lokun markaða þann 23. apríl 2024. Meðfylgjandi má finna fjárfestakynningu 1F 2024 sem farið verður yfir á afkomufundi með markaðsaðilum í dag, miðvikudaginn 24. apríl 2024, kl. 8:30. Viðhengi
Festi hf: Afkoma á 1. ársfjórðungi 2024 Helstu niðurstöður Vörusala nam 32.223 millj. kr. samanborið við 29.484 millj. kr. árið áður og jókst um 9,3% milli ára.Framlegð af vöru- og þjónustusölu nam 7.033 millj. kr. og jókst um 806 millj. kr. eða 12,9% á milli ára. Framlegðarstig nam 21,8% og hækkar um 0,7 p.p. frá 1F 2023 en lækkar um 1,2 p.p. frá 4F 2023.Laun og starfsmannakostnaður eykst um 7,5% en stöðugildum fjölgar um 2,5% milli ára.EBITDA nam 1.898 millj. kr. samanborið við 1.401 millj. kr. árið áður sem er hækkun um 35,5% milli ára. Hagnaður fjórðungsins nam 202 millj. kr. eða...
Festi hf.: Financial results for Q1 2024 Key findings Sale of goods amounted to ISK 32,223 million, compared to ISK 29,484 million in the previous year, an increase of 9.3% between years.Gross profit from sales of goods and services amounted to ISK 7,033 million, an increase of 806 million or 12.9% between years.Profit Margins from sales of goods and services were 21.8% and increases by 0.7 p.p. from Q1 2023 but decreases by 1.2 p.p. from Q4 2023.Salaries and other personnel expenses increase by 7.5% and full-time equivalents by 2.5%.EBITDA amounted to ISK 1,898 million compared to ISK...
Festi hf.: Publication of Q1 2024 results on 23 April 2024 and investor meeting on 24 April Festi will publish the Q1 2024 results on Tuesday 23 April after closing of markets. Investor meeting on 24 April at 8:30 GMT. An investor meeting will be held on Wednesday 24 April 2024, at 8:30 am GMT, at the Company´s headquarters at Dalvegur 10 – 14, Kópavogur. Ásta S. Fjeldsted, CEO of Festi and Magnús Kr. Ingason, CFO of Festi, will present the results and answer questions. The meeting will be streamed live on the Company´s website where registration for the webcast will also take place: . P...
Festi hf: Festi acquisition of all shares in Lyfja hf. – Conciliation talks begin with the Icelandic Competition Authority. The Icelandic Competition Authority has agreed to Festi’s request to start conciliation talks on possible remedies associated with Festi’s acquisition of all shares in Lyfja hf. The conciliation talks are expected to start this week. Reference is made to Festi’s announcement, published on the 18th of March 2024, regarding the preliminary conclusions in the Icelandic Competition Authority’s investigation into the competitive effects of Festi’s purchase on the entire...
Festi hf.: Decision to start the work for the preparation of the sale of Festi‘s and Olís shares in the infrastructure companies Olíudreifing ehf., Eldsneytisafgreiðslan á Keflavíkurflugvelli ehf. and EBK ehf. As previously stated in Festi‘s announcement, published on the 1st of December 2023, Festi and Olís, a subsidiary of Hagar, jointly hired Íslandsbanki’s Corporate Finance to advise on strategy and future possibilities regarding the companies' ownership of Olíudreifing ehf., Eldsneytisafgreiðslan á Keflavíkurflugvelli ehf. (“EAK”) and EBK ehf. (“EBK”). As a continuation of the st...
Festi hf.: Ákvörðun um að hefja undirbúning sölumeðferðar á eignarhlutum Festi og Olís í innviðafélögunum Olíudreifingu ehf., Eldsneytisafgreiðslunni á Keflavíkurflugvelli ehf. og EBK ehf. Í tilkynningu Festi, dags. 1. desember 2023, var greint frá því að Festi og Olís, dótturfélag Haga, hefðu sameiginlega ráðið Fyrirtækjaráðgjöf Íslandsbanka til ráðgjafar um stefnu og framtíðarmöguleika hvað varðar eignarhluti félaganna í Olíudreifingu ehf. („Olíudreifing“), Eldsneytisafgreiðslunni á Keflavíkurflugvelli ehf. („EAK“) og EBK ehf. („EBK“). Í framhaldi af þeirri stefnumarkandi vinnu sem hefur...
Festi hf.: Updated Financial Calendar 2024/25 Festi‘s Financial Calendar published on October 25, 2023, has been altered as follows: 1Q 202423. April 2024Q1 2024 Results2Q 202431. July 2024Q2 2024 Results3Q 202430. October 2024Q3 2024 Results4Q 20245. February 2025Q4 2024 ResultsAGM5. March 2025General Meeting Please note changed dates for the publication of the Q1 2024 Results, which will take place on April 23, 2024. The financial results will be published after closing of markets each day. For further information, please contact Ásta S. Fjeldsted, CEO of Festi - or Magnús Kr. Inga...
Festi hf: Festi acquisition of all shares in Lyfja hf. – Request for conciliation talks with the Icelandic Competition Authority. Reference is made to Festi’s announcement, published on the 18th of March 2024, regarding the preliminary conclusions in the Icelandic Competition Authority’s investigation into the competitive effects of Festi’s purchase on the entire share capital of Lyfja hf. It is stated therein that the merger will, based on the current state of the investigation, require intervention by the Icelandic Competition Authority. Festi has now submitted a response to the Icela...
Festi hf: Kaup Festi á öllu hlutafé Lyfju hf. – Ósk um sáttaviðræður við Samkeppniseftirlitið Í tilkynningu Festi, dags. 18. mars 2024, var greint frá frummati í rannsókn Samkeppniseftirlitsins á samkeppnislegum áhrifum kaupa Festi á öllu hlutafé Lyfju hf. en samkvæmt því krefist samruninn að öllu óbreyttu íhlutunar af hálfu Samkeppniseftirlitsins. Festi hefur nú sent erindi til Samkeppniseftirlitsins þar sem fram koma sjónarmið félagsins og tillögur að skilyrðum vegna frummats stofnunarinnar. Er með erindinu óskað eftir formlegum sáttaviðræðum við Samkeppniseftirlitið um möguleg skil...
Festi hf: Festi acquisition of all shares in Lyfja hf. – Preliminary conclusions of the Icelandic Competition Authority‘s investigation presented. The Icelandic Competition Authority has had under investigation the competitive effects regarding Festi’s purchase on the entire share capital of Lyfja hf., since the company's announcement of the merger was deemed satisfactory on November 9, 2023. The Icelandic Competition Authority has presented Festi with a statement of objections regarding its preliminary conclusions, but a letter to that effect was received by the company after closing o...
Festi hf: Kaup Festi hf. á öllu hlutafé Lyfju hf. – Frumniðurstöður samrunarannsóknar Samkeppniseftirlitsins liggja fyrir. Samkeppniseftirlitið hefur haft til meðferðar rannsókn á samkeppnislegum áhrifum kaupa Festi hf. á öllu hlutafé Lyfju hf., frá því að samrunaskrá var metin fullnægjandi þann 9. nóvember 2023. Samkeppniseftirlitið hefur kynnt Festi frumniðurstöður í rannsókninni en bréf þess efnis barst eftir lokun markaða, föstudaginn 15. mars sl. Er tiltekið í frummatinu að samruninn krefjist að öllu óbreyttu íhlutunar af hálfu Samkeppniseftirlitsins. Í bréfinu greinir að frummati...
Festi hf.: Reduction in share capital At the annual general meeting of Festi on March 6, 2024, a reduction in the Company's share capital was approved. The reduction amounts to ISK 3,000,000 nominal value, or as many shares. The reduction applies to shares that the Company acquired through the purchase of own shares according to a buy-back programme approved on the Company´s annual general meeting in 2023 in accordance with Article 55 of Act no. 2/1995 on public limited companies. The share capital reduction has now been registered by the Register of Enterprises. After the reduction, th...
Festi hf.: Lækkun hlutafjár Á aðalfundi Festi þann 6. mars 2024 var samþykkt tillaga stjórnar um að lækka hlutafé félagsins. Lækkunin nemur kr. 3.000.000 að nafnverði, eða sem nemur jafn mörgum hlutum. Lækkunin tekur til eigin hluta sem félagið eignaðist með kaupum samkvæmt endurkaupaáætlun sem var samþykkt á aðalfundi félagsins árið 2023 á grundvelli 55. gr. laga nr. 2/1995 um hlutafélög. Hlutafjárlækkunin hefur nú verið skráð hjá fyrirtækjaskrá Skattsins. Eftir lækkunina er hlutafé félagsins kr. 301.500.000, sem skiptist í jafn marga hluti, hver að nafnverði ein króna og fylgir eitt atkv...
Festi hf: Results of the Annual General Meeting 6 March 2024 Enclosed are the results of the Annual General Meeting of Festi hf. held today, Wednesday 6 March 2024. For further information, please contact Ásta S. Fjeldsted, CEO of Festi - Attachment
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