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Festi hf.: Consolidated Annual Report 2020

Profit in Q4 2020 ISK 526 million

Main results

  • Margin from sales of goods and services was ISK 5,288 million compared to ISK 5,273 million in Q4 2019, increase of 0.3%.
  • EBITDA ISK 1,746 million compared to ISK 1,766 million in Q4 2019, decrease of 1.1%.
  • Decline in results is related to COVID-19 restrictions enforced beginning Q4 2020.
  • Gross margin from sales 22.8% in Q4 2020 compared to 24.8% in Q4 2019.
  • Gross margin from sales 24% in 2020 compared to 23.8% in 2019.
  • Operating expenses related to COVID19 was 153 million in Q4 2020 and 394 million in 2020.
  • Equity ISK 29,784 million and equity ratio 35.7% compared to 35.3% at the end of 2019.
  • Net interest-bearing debt without lease liabilities ISK 29,986 million compared to ISK 28,011 million at the end of 2019.


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