Revenue from continuing operations amounted to €536.4million in 2015 compared to €493.9 million in 2014, a increase of 9%, mainly due to increased volume and internal growth in our main markets.
Turnaround in profits for the continuing operations, from loss of €5.4 million to profit of €7.9 million in 2015
Continuing EBITDA amounted to €18,3 in 2015 compared to €12,6 in 2014 or a 3.4% ratio vs. 2.7% ratio
All underlying Icelandic Group businesses reporting profit in 2015
Strong balance sheet, 47,3% equity ratio
Effects of disposal of Asian operations has been recognized in the accounts CEO, Árni Geir Pálsson:
“Looking back on 2015 I am pleased to confirm that all our continuing business are performing on and above budget, delivering a solid profit for the year 2015. This achievement can all be attributed to good cooperation and great teamwork across all businesses. Revenue increased slightly due to increased volume and internal growth in our main markets. We additionally report strong margins compared to last year. Group balance sheet remains strong with equity ratio at 47.3% at year.
“For 2016, we expect an organic volume growth compared to 2015 and continued strengthening of our relationship with our key customers.