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 …