Stability characterises the main metrics in Reykjavik Energy Group's finances over the past few years. The rise in revenues is primarily due to an increase in sales, mostly of hot water. For 2020, Reykjavik Energy Group is Iceland's largest energy and utility company, based on turnover.
EBITDA stands for earnings before interest, taxes, depreciation and amortisation. EBIT stands for earnings before interest and taxes.
Revenue, Expenses, EBITDA and EBIT
Staff house at Nesjavellir
The Nesjavellir Geothermal Power Plant was commissioned in 1990 and some in-place manpower was expected to be needed to operate it. A staff house was built for this purpose. Technological and operational advancements made it redundant. The building was sold and the buyers expanded where thy now operate a luxurious hotel.
