Nyherji : Net profit of ISK 266 million

Net profit of ISK 266 million in the first nine months of the year.

Highlights:

• Goods and services sold amounted to ISK 3,515 million in the third quarter (up 2.5% from Q3 2016) and ISK 11,120 million in first nine months of 2017 (up 5.4% from the first nine months of 2016) [Q3 2016: ISK 3,429 million, 9M 2016: ISK 10,555 million]
• Gross profit of ISK 859 million (24.4%) in the third quarter and ISK 2,739 million (24.6%) for the first nine months of 2017 [Q3 2016: ISK 860 million (25.1%), 9M 2016: ISK 2,676 million (25.4%)]
• EBITDA of ISK 229 million (6.5%) in the third quarter and ISK 682 million for the first nine months of 2017 (6.1%) [Q3 2016: ISK 247 million (7.2%), 9M 2016: ISK 686 million (6.5%)]
• Net profit in the third quarter of ISK 29 million and ISK 266 million for the first nine months of 2017 [Q3 2016: ISK 93 million, 9M 2016: ISK 204 million]
• Equity ratio was 45.2% at the end of the third quarter versus 43.8% at the end of the preceding quarter
• Nýherji hf. acquires Timian Software ehf.
• TM Software ehf. purchases the Dacoda software solution for car rental companies
• Significant stake in Tempo ehf. put in formal sale process