Presentation of Q2 2021 results
Eggert Þór Kristófersson, CEO
CONSOLIDATED HIGHLIGHTS
ISK 2,458 m | 25.1% | 3.52 |
EBITDA Q2 2021 | Margin from sales | NIBD/EBITDA |
ISK 3,134 m | 40.3% | 49.4% |
Cash and cash equivalents | EBITDA/Margin from sales Q2 2021 | Salaries/Margin from sales Q2 2021 |
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CONSOLIDATED OPERATIONS IN Q2
Amounts are in ISK million | Q2 2021 | Q2 2020 | Change | % Chg. |
Sale of goods and services | 24,326 | 20,589 | 3,738 | 18.2% |
Margin from sale of goods and services | 6,106 | 5,224 | 882 | 16.9% |
Lease revenue and operating income | 603 | 379 | 224 | 59.2% |
Salaries and personnel expenses | -3,017 | -2,708 | -308 | 11.4% |
Other operating expenses | -1,234 | -1,191 | -43 | 3.6% |
EBITDA | 2,458 | 1,703 | 755 | 44.3% |
Key Figures | ||||
EBITDA/Margin from sales | 40.3% | 32.6% | 7.7% | 23.5% |
Salaries/Margin from sales | 49.4% | 51.8% | -2.4% | -4.7% |
Earnings per share | 4.12 | 1.60 | 2.52 | 157.5% |
- Sale of goods and services ISK 24,326 million, increase of 18.2% YoY.
- Margin from sales ISK 6,106 million, increase of 16.9% YoY.
- Number of full-time employees 1,195, increase of 7.6% YoY.
- COVID-19related cost ISK 26 million in salaries and other operating expenses.
- EBITDA ISK 2,458 million in Q2 2021, increase of 44,3% YoY.
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HIGHLIGHTS Q2
- Volatility in USD/ISK and EUR/ISK exchange rates
- USD/ISK decreased by 2.6% and the difference between highest and lowest exchange rate in Q2 is 6.2%
- EUR/ISK decreased by 2.0% and the difference between the highest and lowest exchange rate in Q2 is 3.8%
- The Q2 2021 average price of diesel fuel was 560.8 USD, compared to an average of 284.7 USD in Q2 2020, an increase of 97.0%.
- The Q2 2021 average price of gasoline was 668.5 USD, compared to an average of 281.2 USD in Q2 2020, an increase of 137.8%.
- The Q2 2021 average price of USD/ISK was 123.5 compared to 141.2 in Q2 2020, a decrease of 12.5%
Exchange rate development 170
160
150
140
130
120
110
Price development of Mogas 95 and Diesel 900
750
600
450
300
150
0
USD/ISK | EUR/ISK |
Mogas 95 | Diesel |
- USD/ISK decreased by 2,9% and the difference between highest and lowest exchange rate in Q2 is 12,2%
• EUR/ISK decreased by 0,4% and the difference between the highest and lowest exchange rate in Q1 is 7,2% | 4 |
N1 HIGHLIGHTS Q2
- Revenue was ISK 9,275 million, an increase of 28.2% YoY
- Removal of COVID-19 restrictions had positive effect on sales in Q2 2021
- Sales of fuel similar as year before. Sale of electricity immaterial in comparative amounts.
- Devalueation of fuel inventory in Q1 2020 of ISK 140 million affect positively comparative amounts.
- Gain from fuel hedges ISK 188 million between years.
- Sales of grocery and convenience goods increased by 25.5% YoY
- Sales of other goods increased by 9% YoY.
- EBITDA was ISK 957 million, increase of 27,8% YoY.
- Ísey skyr bar is doing well. Four new outlets planned to open in second half of year.
Amounts are in ISK million | Q2 2021 | Q2 2020 | Change | %Change |
Total segment revenue | 9,275 | 7,236 | 2,039 | 28.2% |
Total operating expenses of segments | -8,318 | -6,487 | -1,831 | 28.2% |
Segment EBITDA | 957 | 749 | 208 | 27.8% |
Segment depreciation and amortisation | -488 | -680 | 192 | -28.3% |
Operating result of segments | 469 | 68 | 401 | 584.8% |
Financial expenses | -237 | -246 | 8 | -3.4% |
Income tax expense | -45 | 38 | -83 | -218.9% |
Profit (Loss) | 187 | -139 | 326 | -234.2% |
Segment assets | 30,235 | 29,424 | 811 | 2.8% |
Segment capital expenditure | 373 | 288 | 85 | 29.4% |
Segment liabilities | 16,698 | 16,286 | 412 | 2.5% |
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FESTI hf. published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 10:26:10 UTC.