Stability characterises the main metrics in Reykjavik Energy Group's finances over the past few years. The rise in revenues is primarily due to electricity sales linked to aluminium price. For 2021, Reykjavik Energy Group is Iceland's largest energy and utility company, based on turnover.
EBITDA stands for earnings before interest, taxes, depreciation and amortisation. EBIT stands for earnings before interest and taxes.
Revenue, Expenses, EBITDA and EBIT
When an eruption began at Fagradalsfjall volcano, in mid-March 2021, it soon became clear that one of the main telecommunications lines in the country was in danger due to lava flow. Eventually, the so-called NATO cable was lost. By then the folks from Reykjavik Fibre Network had already got a powerful contractor to lay a new cable south of the volcano. This story is unfolded in the video. Uncertainty Phase was lifted by the Department of Civil Protection and Emergency Management in September 2021.
