Investor NewsEBITDA of ISK 102 million in the first quarterMay 7, 2018

Highlights:

  • Goods and services sold totalled ISK 3,781 million in the quarter [Q1 2017: 3,996]
  • Gross profit was ISK 908 million (24.0%) in the quarter [Q1 2017: ISK 976 million (24.4%)]
  • EBITDA totalled ISK 102 million (2.7%) in the quarter [Q1 2017: ISK 242 million (6.0%)]
  • Net loss of ISK 26 million in the quarter [Q1 2017: net income of ISK 71 million (1.8%)]
  • The equity ratio was 41.8% at the close of the quarter, compared with 41.6% at year-end 2017
  • Employees exercised stock options worth ISK 112 million in the quarter, with the purchase price due in early April
  • The new brand, Origo, performed well in brand awareness surveys
  • The outlook is good, with Origo products and services being in high demand, but the payroll/income ratio continues to present challenges

Origo Q1 Press release.

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