Key Figures

3.261 m

EBITDA

1.573 m

Profit

171 m

Cash from operations

19,0%

Return on equity

Endorsement by the Board and the CEO

The right to vote in Skeljungur hf. is such that a share of ISK 1 is equal to 1 vote. On 31 October 2017 the Company's share capital was increased by the nominal value of ISK 52 million in order to fulfill stock option agreements, after the increase the total share capital amounts to ISK 2,152 million.

Internal supervision and risk management

Internal control and risk management is an important part of Skeljungur’s business. The goal is to manage risk effectively, and to ensure transparency and awareness of risk management at all levels, from the board down to the employees. The company’s actions in the field of risk management aim to identify, assess, measure and manage risk in the company’s activities in accordance with its risk appetite.

Annual Report 2018

Financial performance was strong in 2018. The Group’s profit amounted to 1.573 million and equity ratio at year end was 36,4%.