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.

The Green Bond Pioneer Awards are the premier annual recognition of achievement by organisations, financial institutions, governments and individuals who have demonstrated leadership through pioneering initiatives and green issuance and have provided positive examples of climate resilient and low carbon investment in a diverse range of nations and markets.

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.

Landsvirkjun is number three on Creditinfo‘s list.

The EFTA Surveillance Authority (ESA) has concluded that state guarantees for Landsvirkjun's hedging derivatives did not involve state aid.

European Commission (EC) competition approval process has taken longer than anticipated.

Revenue, EBITDA and profit increase between periods.

Landsvirkjun has prepaid a loan with a state guarantee of collection with a nominal amount of 34 million USD.

Highest revenue quarter recorded in financial history of the Company.

The buyback reflects Landsvirkjun‘s strong financial position and is a part of reducing the company‘s debt, interest expenses and foreign exchange risk. 

Jónas Þór Guðmundsson re-elected Chairman of the Board.

Moody’s Investors Service has upgraded Landsvirkjun’s unguaranteed senior unsecured debt ratings from Baa3 to Baa2.

Landsvirkjun has reached an agreement with US and UK institutional investors to issue its debut US private placement (“USPP”) in Green Bond format, for a total amount of USD $200 million.

Norsk Hydro ASA has made a binding offer for all shares in Rio Tinto á Íslandi hf., the owner and operator of the aluminium ÍSAL smelter in Straumsvík, Iceland.