Festi hf.: Financial results for Q2 2025

Main results in Q2 2025Sales of goods and services amounted to ISK 43,579 million, an increase of 20.9% between years but 7.3% excluding the impact of Lyfja, which became part of the group in July 2024.Margin from sales of goods and services amounted to ISK 11,008 million, an increase of 28.1% from the previous year but 10.5% excluding the effect of Lyfja.Profit margin was 25.3%, up by 1.5 p.p. from Q2 2024 and increasing by 0.9 p.p. from last quarter.Salaries and personnel costs...

Kopavogi, 29/07/2025 (informazione.news - comunicati stampa - servizi)

                  

                  

Operations in the second quarter were good, with results exceeding expectations. It is particularly pleasing to see that all Group companies, each within their respective markets, are increasing sales volumes and improving their operating results, clearly demonstrating strong momentum year-on-year. As before, significant progress is being made in cost reduction through targeted product development, enhanced efficiency, and improved processes benefitting both customers and shareholders thanks to the Group’s growing economies of scale.

Digital sales channels continue to gain traction across the Group with the introduction of new technology and payment solutions, as we have placed strong emphasis on enhancing customer service in this area in recent years. The solid infrastructure of the Festi Group will ensure continued development, with further improvements in efficiency and reductions in operating costs.

At the investors’ presentation on July 30th, we will, as in previous meetings, highlight one of Festi’s subsidiaries. On this occasion, Magnús Hafliðason, CEO of N1, will present N1 and the exciting initiatives currently underway there.

The summer is the most important period of the year for our operations, as many people are travelling and relying on our services and product selection across the country. Our extensive network of stores and service stations in rural areas plays a vital role in Festi’s business, serving both local communities and the large number of tourists travelling around Iceland. Demand is steadily increasing across sectors and regions. We are committed to meeting customer expectations by delivering the right product selection, wherever and whenever needed, in the most cost-efficient manner possible. Competition keeps us on our toes and ensures we remain agile. The company’s position is strong, our goals are clear, and our employees focused and motivated to deliver results,” says

 

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