Energia
Reykjavík Energy Returns Good Results in 2021
Reykjavík Energy (OR; Orkuveita Reykjavíkur) financial performance was good in 2021 and the carbon footprint of the Group decreased from the previous year. Within the Group, in addition to the parent company, are Veitur Utilities, ON Power, Ljósleiðarinn-Reykjavík Fibre Network, and Carbfix. OR's consolidated annual financial statements were approved by the Board of Directors today and carry a profit of ISK 12 billion from operations. The Board of Directors proposes to the Annual General Meeting that a dividend of ISK 4 billion be paid to thew owners. The owners of Orkuveita Reykjavíkur are the City of Reykjavík, and the municipalities of Akranes and Borgarbyggð.
Operating expenses decrease between years
The operating expenses of the OR Group decreased between the years 2020 and 2021. At the same time, the price of aluminium rose, which increased ON Power's income from electricity sales to power-intensive industries. The real-term price of Veitur Utilities' licensed services decreased slightly during the year.
OR Annual Report 2021
Along with the financial statements, Reykjavík Energy publishes its integrated Annual Report. The report gives a detailed account of the environmental and climate aspects of the Group's operations last year, social factors and governance, as well as various financial metrics. The Group's carbon footprint decreased between 2020 and 2021 and is forecast to decrease further in the coming years with increased carbon mineralization at ON Power's geothermal power plants.
The annual report is audited by independent parties and endorsed by the CEO and the board. It can be found at https://annualreport2021.or.is.
Bjarni Bjarnason, CEO of OR:
Overview of financial and non-financial factors 2015-2021
Attached are:
Contact:
Bjarni Bjarnason
CEO
+ 354 516 6100
Attachments
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