Festi hf Reports Strong Q2 2025 Results; EBITDA Up Significantly
Festi hf Sees Significant Growth in Q2 2025
Preliminary management accounts for Q2 2025 reveal that Festi hf has achieved an impressive EBITDA of ISK 3.9 billion. This marks a substantial increase compared to ISK 2.9 billion for the same period last year, resulting in a year-over-year growth of ISK 1.0 billion. Notably, when excluding Lyfja EBITDA, which was not part of the Group during the same quarter last year, the increase without it is ISK 0.6 billion.
Improved Performance Across the Board
The results exceeded initial forecasts, highlighting a collective improvement among all companies in the Festi Group compared to the previous year. Store visits have surged, and there has been a significant rise in sales volumes across nearly all business segments. This uptick can be attributed to enhanced synergy and efficiency gained through the adoption of new technical solutions, contributing to these better-than-expected results.
Upgraded EBITDA Forecast for 2025
Owing to the stronger than anticipated performance in Q2, Festi hf has updated its management forecast for the rest of the fiscal year. The EBITDA forecast for the full year of 2025 has been revised upwards by ISK 800 million. The new range is set at ISK 15,200 – 15,600 million, improved from the previous outlook of ISK 14,400 – 14,800 million.
Upcoming Announcements and Investor Meeting
Festi hf is scheduled to publish its Q2 2025 results on a future date. Following this announcement, an investor meeting will take place to discuss the results in detail. Investors and stakeholders are encouraged to participate to gain insights into the company’s performance and future strategies.
Contact Information for Inquiries
For further details regarding the Q2 results or any other inquiries, please reach out to:
Ásta S. Fjeldsted, CEO of Festi - asta@festi.is
Magnús Kr. Ingason, CFO of Festi – mki@festi.is
Frequently Asked Questions
What is the EBITDA for Q2 2025 for Festi?
The EBITDA reported for Q2 2025 is ISK 3.9 billion.
How much has the EBITDA increased compared to Q2 2024?
The EBITDA has increased by ISK 1.0 billion year-over-year compared to Q2 2024.
What new strategies has Festi implemented?
Festi has enhanced synergy and efficiency through new technical solutions to improve overall performance.
When will the Q2 results be published?
The Q2 2025 results will be published on a specified future date after market closure.
How can shareholders contact Festi for more information?
Shareholders can reach out to the CEO or CFO of Festi via the provided email addresses for inquiries.
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