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Highlights of Q1 2011 performance
Thórdur Sverrisson, CEO:
“The operations of Nýherji were successful in the first quarter, with the Group performing largely in line with expectations and achieving EBITDA of ISK 160 million for the period. Foreign operations yielded good results, posting EBITDA of ISK 55 million as compared to ISK 3 million last year.
The structural changes which were made to the Group’s domestic operations on 1 April 2011 will enable us to further improve our operations with fewer, more capable units to meet the ever changing needs of our customers.”
For further information contact: Thórdur Sverrisson, CEO of Nýherji, Tel. +354 893 3630.