Festi hf.: Financial results for Q1 2025

Main results in Q1 2025 Sales of goods and services amounted to ISK 37,786 million, an increase of 17.3% between years but 3.0% excluding the impact of Lyfja, which became part of the group from July 2024.Margin from sales of goods and services amounted to ISK 9,212 million, an increase of 31.0% from the previous year but 10.5% excluding the effect of Lyfja.Profit margin was 24.4%, up by 2.6 p.p. from Q1 2024 but decreasing by 0.1 p.p. from last quarter.Salaries and personnel costs...

Kopavogi, 29/04/2025 (informazione.news - comunicati stampa - servizi)

Ásta S. Fjeldsted, CEO:

The highlights of the quarter and key months ahead:

"Operations in the first quarter went according to plan. Operations are stable and growth is in line with expectations. The company's finances are strong and the minds of management and employees are aligned with the opportunities that lie in a strong group and the expansion of its services and product range.

The uncertainty created in the markets in April with policy changes and the announcement of tariff hikes by the new US president has had a considerable impact on global oil prices and the foreign exchange market, which fluctuates day by day. Whether  and then to what extent the impact of this will be on tourism or other industries in the country is unclear as of yet.  Ahead are important summer months and where we will now as always monitor closely and play well from the cards we have been dealt. With strong foundations, technical infrastructure and different business units that together form a whole range of essential goods and services throughout the country, the outlook is good for the year as a whole," says Ásta S. Fjeldsted, CEO of Festi.

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