Investor Presentaiton
5
Investments highlights
100%
Orkan
Improved operations with increased tourism and
general recovery after Covid
• Bad weather had negative effects during Q1
• Continued new offerings at our service stations
• New openings of pharmacies for Lyfjaval
New openings of car wash in pipe line for Löður
100%
Skeljungur
•
Strong results for Q1
.
Ongoing war has large impact on fuel prices
• Challenging environment for procurement, inventory
and risk management
•
•
.
Head office moved to Skútuvogur 1 - more visibility
and convenience for customers
•
New store opens in May
48,3%
Sp/f Orkufélagið
Strong results for Q1
• The economy in the Faroe Islands has been robust
• Less effected by the war in Ukraine
• Windmill project (18MW) on schedule and estimated
completion is end of year
•
18%
KALDALÓN
Income-bearing assets increased in portfolio
•
Key holding in Skel portfolio
•
SKEL has requested a shareholder meeting which
will be held on the 25th of May
.
•
100%
Gallon
[0]
An important part of the infrastructure of energy
distribution
Increased understanding about the importance of
strategic petroleum reserves globally
On going exploring strategic options for
development of business
50%
Reir þróun
•
Estimated holding value approx. 2 billion
.
Partnership with Reir ehf
Portfolio of real estate development projects in
Reykjavik greater area
In final stages expected to be finalized Q2 2022
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