Good annual result characterised by strong underlying operations

Samherji Holding ehf. made a profit of EUR 53.7 million in 2021, according to the financial statements approved at the company's general meeting yesterday. This is a considerably better result than in 2020 when the company made a profit of EUR 27.4 million.

According to the income statement, sales were EUR 327.7 million in the year 2021. This is an increase from last year's sales which was EUR 309 million. The total group's assets stood at EUR 645.2 million at year-end 2021, and equity amounted to EUR 439 million. The group's equity ratio was 68% at year-end.

The main assets of Samherji Holding ehf. are shares in companies which operate a fleet of fishing vessels, factories and sales of seafood in Europe and North America. The vast majority of the company's assets are abroad. Samherji Holding ehf. has also made investments in and is the largest shareholder in Eimskip hf., a leading transportation company in the North Atlantic.

The annual financial statements of Samherji Holding ehf. for the year 2021 were signed with an unqualified opinion by the group auditors. At the aforementioned general meeting, the following members of the board of directors were re-elected to the board: Mr. Eiríkur Jóhannsson, Ms. Helga Steinunn Gudmundsdóttir, Mr. Kristján Vilhelmsson, Mr. Óskar Magnússon, and Mr. Thorsteinn Már Baldvinsson.

Qualified workforce proved its flexibility during the pandemic

"In the year 2021, companies in the group were still dealing with the challenges of the pandemic that required temporary changes in the day-to-day operations, as we saw in the previous year. The employees of these companies had to put in a lot of effort due to quarantine and travel restrictions, and there is a reason to mention the crews of vessels in that context especially. However, the results show that the staff adapted quickly and well to these changes. Therefore, it can be stated that the good financials are primarily the results of efforts made by a qualified workforce. The financial statements show robust underlying operations at Samherji Holding, which is pleasing. The economic and liquidity position is strong, and financing is guaranteed for the long term," says Thorsteinn Már Baldvinsson, CEO of Samherji Holding ehf.

Below you can access key figures from the financial statements of Samherji Holding ehf.