Investor NewsResults for Q4 2018 Better than ProjectedJanuary 23, 2019

In preparing the interim financial statements for Q4 2018, it has emerged that the company's operating results will be significantly above the levels seen in Q4 2017.

  • The company's estimated revenue for the quarter is approximately ISK 4.5 billion, versus ISK 3.9 billion in 2017.
  • It is estimated that the company's earnings before interest, taxes, depreciation and amortization (EBITDA) will be around ISK 420 million, as compared to ISK 246 million in Q4 2017.
  • Earnings before interest and taxes (EBIT) for the fourth quarter are projected at around ISK 290 million, versus ISK 79 million over the same period last year.
  • The overall positive impact on the company's results from the sale of a stake in Tempo is approximately ISK 5 billion, as disclosed in a notice submitted to the Iceland Stock Exchange last 19 November.

The 2018 annual financial statements are still in the process of being completed and so the above figures are subject to change.

The company will publish its results for the full year 2018 after close of trading on 30 January 2019.

Origo hf. will present the results to investors at a meeting to be held on 31 January 2019, at 08:30 a.m., in the company's meeting room at Borgartún 37, 105 Reykjavik.

Further information
CEO Finnur Oddsson, tel. +354 862 0310 or fo@origo.is, and CFO Gunnar Petersen, tel. +354 825 9001 or gp@origo.is.

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