Acceptable earnings in a demanding business environment
The Company's results are acceptable, given the demanding market environment. Aluminium prices remained low during the year and several customers purchased less volume than expected. Profits decreased from the previous year whilst debt continued to decrease. Investments in new power stations were ongoing.
Operating revenue
Ebitda
Cash flow from operations
Sold volume
Free cash flow
Profit before unrealised items
Net dept
Equity ratio
Statements
"Energy resources are not inexhaustible. We must therefore utilise them in the most efficient way possible. "
Hörður Arnarson, CEO
"Iceland’s image is intertwined with
the image of renewable and clean energy.”
Jónas Þór Guðmundsson, Chairman of the Board
Green accounts
Environmental issues are at the heart of our operations and we have published separate Green accounts and environmental reports since 2006. This year, these reports are included in the Company's Annual Report in a new format and with an increased emphasis on environmental issues.
Carbon footprint
Deep re-injection of separated
water from the Krafla station
Planted vegetation
Number of clean-energy
vehicles in fleet
Good water inflow in October
Temperatures were warm all over the country in the first few months of the water year 2015-2016. Temperatures were generally above average. There were high precipitation levels in the first half of October and temperatures rose towards the end of the month.
The water levels at Landsvirkjun‘s reservoir sites (by month) can be seen here. Click on the different months above to access information on the power station and water budget.