Half year results

Improved reservoir levels and steady operations

Profit from Landsvirkjun's core operations in the first half of the year amounted to USD 154.5 million, and cash from operations was USD 146.4 million.

The company's financial position remains strong, the equity ratio is 62.6% and leverage is 1.5× earnings before depreciation (EBITDA).

Operating revenues increased during the period compared with the same time last year.

Hörður Arnarson, CEO:

Following a significant turnaround in Landsvirkjun's reservoir levels, the Company's electricity generation has returned to prior stability, with warm and wet weather ...