Brief: Festi Updates Forecast Based On Preliminary Accounts For Q2 2021

Festi hf

16/07/2021 07:12

July 16 (Reuters) - Festi hf  FESTI.IC 
    * SAID ON THURSDAY ACCORDING TO PRELIM MANAGEMENT ACCOUNTS
FOR Q2
2021, EBITDA WILL BE ISK 2.5 BLN COMPARED TO ISK 1.7 BLN FOR THE
SAME PERIOD LAST YEAR
    * IN LIGHT OF Q2 2021 BETTER RESULTS AND MANAGEMENT UPDATED
OUTLOOK FOR THE REST OF YEAR, EBITDA FORECAST FOR 2021 IS
INCREASED BY ISK 900 MLN TO ISK 8.800 – ISK 9.200 MLN
    * RESULTS OF Q2 2021 IS HIGHER THAN EXPECTED FOR N1, ELKO
AND
KRÓNAN BUT EFFECTS OF COVID-19 HAD ALSO A SIGNIFICANT NEGATIVE
EFFECT ON Q2 2020 IN COMPARISON

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNEc6GSJ0
    
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