Siminn expects FY EBITDA near top of guidance range after Q3 figure rises 4%

Wednesday 28 October 2020 | 12:35 CET | News
Icelandic operator Siminn said it expects full-year EBITDA to be near the upper end of its guidance after a 4.1 percent increase in third quarter EBITDA, but investment is likely to be at the lower end of its range amid currency weakness and project delays caused by Covid-19. Revenue in Q3 rose ISK 127 million or 1.8 percent year on year to ISK 7.23 billion from ISK 7.10 billion. EBITDA rose by ISK 116 million to ISK 2.93 billion from ISK 2.82 billion in Q3 2019 and the margin improved to 40.6 percent from 39.7 percent.

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Categories: General
Companies: Siminn
Countries: Iceland
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