Net debt continues to decrease and the equity ratio strengthens.

The assets and transfer of the shares have negligible effect on the balance sheet and operations of Landsvirkjun.

Jónas Þór Guðmundsson re-elected chairman of the board.

S&P Global Ratings revises Landsvirkjun’s rating outlook from stable to positive on improved financial position.

Landsvirkjun owns 64.7% of Landsnet.

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Another record year for power generation and operating performance.

Operations have already begun in Blönduós and construction work to expand the data center is currently underway.

Revenue, EBITDA and profit increase between periods.