FESTI hf. Upgrades 2025 EBITDA Forecast by ISK 800 Million Following Strong Q2 Results

Reuters
2025/07/18
FESTI hf. Upgrades 2025 EBITDA Forecast by ISK 800 Million Following Strong <a href="https://laohu8.com/S/QTWO">Q2</a> Results

FESTI hf. has released an update based on preliminary management accounts for Q2 2025, reporting an EBITDA of ISK 3.9 billion, an increase from ISK 2.9 billion in the same period last year. This represents a year-over-year increase of ISK 1.0 billion, or ISK 0.6 billion excluding the contribution from Lyfja, which was not part of the Group during the same quarter last year. The results have surpassed the forecast, with all companies in the Group showing year-over-year improvements. Increased store visits and higher sales volumes across nearly all business segments, along with enhanced synergy and efficiency from new technical solutions, have contributed to these better-than-expected results. In response to the stronger-than-anticipated Q2 performance and an updated management forecast for the rest of the year, FESTI has raised its full-year 2025 EBITDA forecast by ISK 800 million, now projecting it to be between ISK 15.2 billion and ISK 15.6 billion, compared to the previous forecast of ISK 14.4 billion to ISK 14.8 billion. The company will publish its Q2 2025 results on Tuesday, July 29, 2025, after the markets close, with an investor meeting scheduled for the following day at the company's headquarters in Kópavogur.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FESTI hf. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001118487-en) on July 17, 2025, and is solely responsible for the information contained therein.

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