Kaldalón hf .: Financial statements 2021

March 17 2022: Annual Accounts of Kaldalón hf. was approved by the company’s board on March 17, 2022.

The company returns the best results from the beginning. The main points of settlement are:

The total profit for the year was ISK 1,339 million.
Return on equity was 20.6%
The book value of investment assets at the end of the period is ISK 17,827 million.
Cash 1,296 m.kr.
Total assets 21,479 m.kr.
Interest-bearing debt amounted to ISK 9,734 million.
Equity is ISK 8,359 million, compared to ISK 4,646 million. end of 2020
Jón Þór Gunnarsson, CEO:

“2021 was a hugely eventful year in the company’s history. The company’s transformation process into a real estate company is well underway and the company is returning its best results from the beginning.

Market opportunities will continue to be new and the company’s portfolio growth planned for the coming year.

The company aims to list on the main market of Nasdaq Iceland in the autumn of 2022. ”

This is the company’s first consolidated financial statements, but in the previous financial statements the company was settled as an investment company. The company’s consolidated financial statements began on 1 July 2021 and the first half of the year is therefore published with changes in the fair value of subsidiaries in accordance with the interim financial statements 2021. It should therefore be borne in mind when reading the financial statements that they are not fully comparable with the company’s previous financial statements.

Introduction to the company

In parallel with the settlement, an introductory meeting is called for Friday 18 March at 08:30 to Nauthól. The house opens at 08:15. The meeting will also review the outlook for the company’s operations. After the meeting, the promotional material will be available on the Kaldalón website.

The annual accounts can be accessed at www.kaldalon.is/fjarfestar.

Further information

Jón Þór Gunnarsson, CEO, [email protected]
www.kaldalon.is

This article was translated from Icelandic to English using Google Translate. The original press release can be found at GlobeNewswire.com.