Vodafone Iceland’s profit up 14.7% in 3Q14; company to repurchase 2.8% of own shares in February 2015

18 Nov 2014

Vodafone Iceland (Fjarskipti) has published its financial results for the three months ended 30 September 2014, reporting a marginal 1.8% year-on-year decrease in revenues to ISK3.362 billion (USD27.12 million) down from ISK3.423 billion generated in the corresponding period of 2013. EBITDA, meanwhile, increased by 4% from ISK990 million to ISK1.023 billion in 3Q14, while profit reached ISK476 million in the period under review, a 14.7% improvement y-o-y on the ISK415 million reported at end-September 2013.

Meanwhile, going forward, the company has outlined plans to repurchase 9.4 million of its own shares, equivalent to 2.8% of the issued shares, for around ISK300 million. The plan will come into effect on 28 February 2015.

Iceland, Vodafone Group, Vodafone Iceland (Syn)