Festi Q3 2026 Profit Falls 13% to ISK 2.31 Billion
Bitget2026/10/28 16:45- Festi's Q3 2026 profit fell 13% year-on-year to ISK 2.31 billion.
- Sales of goods and services rose 9% year-on-year to ISK 51.15 billion.
- EBITDA dropped 6% year-on-year to ISK 4.99 billion, with overall earnings below management's expectations.
- Acquisitions of Skjáauglýsingar and the remaining 30% of Local closed for ISK 564 million, net of cash acquired.
- Management maintained its 2026 EBITDA guidance at ISK 16–16.5 billion.
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