Festi hf.

Lyfja leitar nú að öflugum framkvæmdastjóra í kraftmikinn hóp félagsins, leiðtoga til að þróa áfram eitt framsæknasta lyfsölu- og þjónustufyrirtæki landsins. Framkvæmdastjóri Lyfju situr í framkvæmdastjórn móðurfélagsins Festi hf. og ber þar sameiginlega ábyrgð á að ná markmiðum Festi um vöxt og samlegðartækifæri þvert á dótturfélög Festi.   Hæfnikröfur ·       Framúrskarandi leiðtoga- og samskiptahæfni ·       Reynsla og þekking af lyfjamarkaði eða öðrum tengdum rekstri ·       Umfangsmikil þekking og reynsla af stjórnun, rekstri og stefnmótun ·       Lausnamiðuð hugsun og auga fyrir nýsköpun ·       Framkvæmdagleði og söludrifið hugarfar ·       Áhugi á heilbrigði og vellíðan ·       Háskólamenntun sem nýtist í starfi Auk Lyfju á móðurfélagið Festi dótturfélögin Krónan sem rekur samnefndar matvöruverslanir, N1 sem rekur þjónustustöðvar eldsneytis- og rafmagnssölu og ýmsa þjónustu tengda bifreiðaþjónustu, ELKO sem er stærsta raftækjaverslun landsins, Yrkir sem á og rekur fasteignir samstæðunnar og Bakkinn Vöruhótel sem sérhæfir sig í vöruhúsaþjónustu og dreifingu. Umsóknarfrestur er til og með 15. september Sótt er um starfið á hagvangur.is  Nánari upplýsingar veitir Sverrir Briem – sverrir@hagvangur.is

Festi hf.: Financial results for Q2 2024 * The company's operations were good in the second quarter and the results were in line with the company's budget. Profit margins improved for all companies in the Group and increased by 1.1 p.p. between years. Working closely with suppliers to reduce costs, increase of own imports and success in reducing theft from stores are first and foremost yielding these results, as a recent price survey by ASÍ clearly shows for the grocery market. The number of visits to our stores grew from same quarter last year with a good increase in sales volume of most product categories between years. * The Company's operating profit (EBITDA) amounted to ISK 2,915 million (2Q2023: ISK 2,562 million), an increase of 13.8% from the previous year. Profit for the second quarter amounted to ISK 953 million, an increase of ISK 215 million from the previous year. The outlook for the second half of the year is good. Lyfja joins the group from 1 July and the company's EBITDA forecast for the year 2024 has been raised by ISK 800 million and is: ISK 12,300-12,700 million. For further information, please see: https://lnkd.in/dUCPV-aB

Festi hf.'s acquisition of the entire share capital of Lyfja hf. is completed and the company has thereby become part of the Festi Group. The reference closing date for the acquisition is July 1, 2024, and Lyfja will therefore be included in Festi's consolidated financial statements as of that date.  The purchase price for the acquisition amounted to ISK. 7,116 million, based on the company's preliminary financial statements, which is divided into a cash payment in the amount of ISK 5,076 million and the delivery of 10 million shares in Festi with a market value of ISK 2,040 million based on the closing price of 204 on Nasdaq Iceland on July 10, 2024, respectively. Today, Festi took out a new loan for the acquisition, which will increase the Group's leverage by ISK 4,000 million. Further details about the transaction and its financing will be provided in connection with the publication of the Company's 2nd quarter results on July 31. Concurrently with today's completion of the acquisition, Hildur Þórisdóttir, acting CEO and managing director of Lyfja's human resources department, has joined Festi's executive management. Ásta S. Fjeldsted, CEO of Festi:    "This is a major moment and an important milestone on Festi's journey. The finalisation of the merger has taken some time, but this has been a learning process that lays a solid foundation for future cooperation within the Group. There are very exciting times ahead and a number of opportunities for cooperation, synergy, increased efficiency and growth across the companies within the Group, which represent some of the strongest brands in Iceland in their respective markets. Lyfja possesses highly trained and well-educated staff who have built one of the largest drug store chains in Iceland. Aided by a united, experienced and talented team of employees, we will provide consumers and businesses in Iceland with a wide but targeted selection of essential products at the best prices. App and online sales, along with our well-located service centers and stores throughout Iceland, will play a key role in this effort. At the same time, emphasis will be placed on promoting improved public health in Iceland through quality products, education, consultancy and other health services as opportunities arise. These are all things that that are going to be more and more important, with the increase in the population and rising life expectancy."   For more information, please contact Ásta S. Fjeldsted, CEO of Festi – asta@festi.is 

Öflugt og gott fólk er lykillinn að árangri <3 Ekki skemmir fyrir að þau eru svona helv... skemmtileg líka!

Financial results for Q12024: The Festi Group's operations are going well. Emphasis continues to be placed on revenue growth and margin improvement, while at the same time keeping control on all operating costs.  * EBITDA amounted to ISK 1,898 million compared to ISK 1,401 million in Q1 2023, increase of 35.5% between years. * Profit Margins from sales of goods and services were 21.8% and increases by 0.7 p.p. from Q1 2023 but decreases by 1.2 p.p. from Q4 2023. * Profit for the quarter amounted to ISK 202 million, or 2.9% of margin, a turnaround of ISK 293 million YoY. * Equity at the end of Q1 2024 amounted to ISK 35,140 million with an equity ratio of 36.0%. * The EBITDA forecast for 2024 is raised by ISK 300 million to ISK 11,500-11,900 millj.kr. Other news from the Group: * A stock option program for all permanent employees of Festi Group has been launched. * The Competition Authority has accepted Festi's request to start conciliation talks on possible remedies associated with Festi’s acquisition of all shares in Lyfja hf.  * N1 and Tesla have taken the first steps in the development of fast charging stations in accordance with a framework agreement signed this quarter. * Krónan is expanding its home delivery services throughout Iceland, from its online store. * Festi and Hagar have decided to start preparations for the sale of their shares in the infrastructure companies Olíudreifing ehf., EBK ehf. and EAK ehf. The outlook for the year is good, with the summer season ahead, which is the most important time of the year for the Group's operations. https://lnkd.in/drca8kUS

Festi hf. 2023 Annual and Sustainability Report has been published.

Erum búin að bíða spennt eftir því að tilkynna um þessa breytingu. Til hamingju með nýja nafnið Yrkir og samstarfsfólk!

Til hamingju ELKO - Menntafyrirtæki ársins 2024!

"We are proud of the results achieved in a challenging operating environment, for which we first and foremost thank our loyal customers and dedicated employees across Iceland", says Ásta S. Fjeldsted, CEO of Festi. * Sale of goods amounted to ISK 35,235 million, compared to ISK 31,744 million in the previous year, an increase of 11.0% between years. *Profit for the quarter amounted to ISK 975 million, or 12.0% of margin and increased by 37.7% from the year before. *Net cash from operating activities was ISK 1,933 million or 23.8% of margin, compared to ISK 1,830 million last year. *EBITDA guidance for the year 2024 is ISK 11,200 – 11,600 million. At year-end 2023, Festi Group, stands financially strong with a strong equity position and is overall well-equipped to tackle the tasks ahead. For further information please see: https://lnkd.in/ej_p-Nr6

We are honored and proud to have two companies within Festi hf. group: Krónan and ELKO as one of the highest ranked retail stores in Iceland according the Icelandic Performance Satisfaction Index 2023. This is the seventh year in a row that Krónan receives the recognition as the number one performer among food retail stores.