Q1 2022 Financial Results
Income Statement
Income statement
Q1
2022
2021 Change
%
Net sales
Cost of sales
Operating expenses
6.093
6.018
75
1,2%
(3.762) (3.783)
21
-0,6%
(1.757) (1.731)
(26)
1,5%
EBIT
574
504
70
13,9%
Net financial items
92
(31)
123
-396,8%
Income tax
(113)
(97)
(16) 16,5%
Net profit from continuing operation
553
376
177 47,1%
Discontinued operation
193
2.508
Net profit
746
2.884 (2.138)
(2.315) -92,3%
-74,1%
EBITDA
1.327
1.274
53
4,2%
EPS
0,08
0,34
(0,26) -76,5%
Revenue
EBITDA
EBIT
6.464
6.018
6.124
5.937
6.093
26,6%
13,7%
21,2%
22,2%
8,4%
9,1%
9,4%
19,8%
21,8%
5,8%
1.627
840
1.274
1.318
1.283 1.327
543
504
574
373
Q1 21 Q2 21 Q3 21
Q421
Q1 22
Q1 21
Q2 21
Q3 21
Q4 21 Q1 22
Q1 21
Q2 21
Q3 21
Q4 21
Q1 22
Q1 2022
Revenue increase from Q1 2021
Mobile revenue increases by almost 9%
Revenue from TV services increases by almost
3%
Equipment sales decrease from Q1 2021
Gross Profit increases by 3.5%
• Operating profit increases by 14%
EBITDA increases by over 4%
Total cost remains the same between periods
Profit from continued operations increases
by 47%
- 17% if adjusted for ISK 113 million capital gain
on sale of shares in Auðkenni.
- Changes in capital structure in first half of 2021
reduce financial income at Síminn.View entire presentation