Reykjavík Energy | Strong First-Quarter Performance

Reykjavík Energy (Orkuveita Reykjavíkur; RE) returned a profit of ISK 4.5 billion for the first three months of the year, according to the consolidated interim financial statements approved by the Board today. During the same period in 2024, profit amounted to ISK 2.9 billion. In addition to the parent company, the group comprises Veitur Utilities, ON Power, Reykjavík Fibre Network, and Carbfix. RE’s revenues increased by 7% compared to the same period last year, while expenses declined by the same proport ...