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Festi hf.: Buyback program week 33
Globenewswire· 2025-08-18 08:30
Summary of Key Points Core Viewpoint - Festi has actively engaged in a share buyback program, purchasing a total of 170,000 own shares for 50,990,000 ISK in week 33 of 2025, which aligns with their previously announced buyback strategy [1][2]. Group 1: Share Buyback Details - In week 33 of 2025, Festi purchased 170,000 shares at an average price of approximately 299.35 ISK per share, totaling 50,990,000 ISK [1]. - The buyback program is in compliance with relevant regulations, including the Act on Public Limited Companies and the Regulation of the European Parliament on market abuse [1]. - Prior to this purchase, Festi held 1,226,226 shares, representing 0.39% of issued shares, and after the buyback, the total shares held increased to 1,396,226, or 0.45% of issued shares [2]. Group 2: Buyback Program Overview - The buyback program, announced on June 27, 2025, aims to repurchase a total of 2,500,000 shares, which is 0.80% of the issued shares, with a maximum purchase price cap of 800 million ISK [2]. - To date, Festi has repurchased a total of 1,150,000 shares for 343,770,000 ISK under this program [2].
Festi hf.: Managers and persons´ closely associated transactions
Globenewswire· 2025-08-14 11:32
Please see the attached notification. Attachment Tilkynning 19. gr. MAR - SÓÓ ...
Festi hf.: Buyback program week 32
Globenewswire· 2025-08-11 08:30
In week 32 2025, Festi purchased in total 160,000 own shares for total amount of 48,140,000 ISK as follows: WeekDateTimePurchased sharesShare pricePurchase price325.8.202513:21:2250.00030215.100.000326.8.202510:02:4540.00030112.040.000328.8.202510:13:5470.000300<td style="width:102.67px;;text-align: center ; ...
Festi hf.: Buyback program week 31
Globenewswire· 2025-08-04 12:50
Core Points - Festi has executed a buyback program, purchasing a total of 140,000 own shares for 42,700,000 ISK in week 31 of 2025 [1] - Prior to the recent purchases, Festi held 926,226 own shares, representing 0.30% of issued shares, and after the buyback, it now holds 1,066,226 own shares, or 0.34% of issued shares [2] - The buyback program aims to repurchase a total of 2,500,000 own shares, which is 0.80% of the issued shares, with a maximum purchase price cap of 800 million ISK [2] Purchase Details - The buyback transactions occurred on three separate dates: - 35,000 shares were purchased on July 28, 2025, at a share price of 305 ISK, totaling 10,675,000 ISK [1] - 65,000 shares were purchased on July 30, 2025, at the same share price, totaling 19,825,000 ISK [1] - 40,000 shares were purchased on July 31, 2025, again at 305 ISK, totaling 12,200,000 ISK [1] - The total number of shares purchased during this buyback program now stands at 820,000 shares for a total expenditure of 244,640,000 ISK [2]
Festi hf.: Managers' Transactions – Share Option Agreement
Globenewswire· 2025-07-31 09:20
Core Points - The announcement pertains to the execution of a share option agreement by a manager [1] - The share option plan was approved at Festi's Annual General Meeting on March 6, 2024, and is designed for the CEO, senior management, and key employees of the Group [1] Summary by Category - **Share Option Agreement** - A share option agreement has been executed by a manager [1] - **Approval and Purpose** - The share option plan was approved during the Annual General Meeting held on March 6, 2024 [1] - The plan is intended for the CEO, senior management, and key employees of Festi and its subsidiaries [2]
Festi hf.: Presentation of Q2 2025 results
Globenewswire· 2025-07-30 08:20
Group 1 - Festi hf. published its Q2 2025 results after market closing on 29 July 2025 [1] - An investor presentation for the Q2 2025 results was held on 30 July 2025 at 8:30 [1][2]
Festi hf.: Financial results for Q2 2025
Globenewswire· 2025-07-29 17:08
Core Insights - The company reported strong financial results for Q2 2025, with sales of goods and services reaching ISK 43,579 million, a year-on-year increase of 20.9% [3][4] - Profit for the quarter amounted to ISK 1,419 million, reflecting a 49.0% increase from the previous year [4][5] - The company raised its EBITDA guidance for 2025 to ISK 15,200 – 15,600 million due to better-than-expected results [4][5] Financial Performance - Sales of goods and services increased by 20.9% year-on-year, with a 7.3% increase when excluding the impact of Lyfja [4] - EBITDA for the quarter was ISK 3,938 million, a 35.1% increase year-on-year, or 21.6% excluding Lyfja [4] - Profit margin improved to 25.3%, up by 1.5 percentage points from Q2 2024 [4] Operational Highlights - The company experienced a 23.1% increase in operating expenses year-on-year, with a notable increase in full-time equivalents by 271, primarily due to Lyfja [4] - Digital sales channels are gaining traction, with new technology and payment solutions enhancing customer service [6] - The company is focused on cost reduction through improved efficiency and product development [5] Strategic Developments - The company initiated a share buyback program on June 30th, planning to purchase up to 2,500,000 shares, not exceeding ISK 800 million in total [4] - Festi signed agreements for the sale of plots in Reykjavík for around ISK 1.0 billion, with a book value of ISK 0.5 billion [4] - New store openings and renovations are underway, including a large format store in Reykjanesbær and a renovated store at Vallakór [10] Market Position - The company maintains a strong position in the market, with increasing sales volumes across all product categories [5] - The summer season is critical for operations, with a focus on meeting customer expectations in both local communities and tourist areas [8] - The company is committed to delivering a cost-efficient product selection to enhance customer satisfaction [8]
Festi hf.: Buyback program week 30
Globenewswire· 2025-07-28 08:30
Group 1 - Festi purchased a total of 195,000 own shares for 59,775,000 ISK during week 30 of 2025, with individual purchases ranging from 30,000 to 50,000 shares at prices between 303 and 312 ISK per share [1] - Prior to the recent buyback, Festi held 731,226 own shares, representing 0.23% of issued shares, and after the buyback, the total shares held increased to 926,226, or 0.30% of issued shares [2] - The buyback program, announced on June 27, 2025, aims to repurchase a total of 2,500,000 own shares, which is 0.80% of the issued shares, with a maximum purchase price cap of 800 million ISK [2] Group 2 - The execution of the buyback program complies with various regulations, including the Act on Public Limited Companies No 2/1995 and the Regulation of the European Parliament and of the Council No. 596/2014 on market abuse [1]
Festi hf.: Publication of Q2 2025 results on 29 July 2025 and investor meeting on 30 July
Globenewswire· 2025-07-22 20:55
Group 1 - Festi will publish its Q2 2025 results on Tuesday, July 29, after the market closes [1] - An investor meeting is scheduled for Wednesday, July 30, 2025, at 8:30 am GMT at the Company's headquarters in Kópavogur [2] - The meeting will be streamed live on the Company's website, and participants can register for the webcast [3] Group 2 - CEO Ásta S. Fjeldsted and CFO Magnús Kr. Ingason will present the results and answer questions during the investor meeting [2] - Virtual participants can submit questions via email, and answers will be provided at the end of the presentation [3] - Presentation materials will be available online after the meeting on the Company's website [3]
Festi hf.: Buyback program week 29
Globenewswire· 2025-07-21 08:30
Core Points - Festi has executed a buyback program, purchasing a total of 170,000 own shares for 50,890,000 ISK in week 29 of 2025 [1] - Prior to the recent purchases, Festi held 561,226 own shares, representing 0.18% of issued shares, and after the buyback, it now holds 731,226 own shares, or 0.23% of issued shares [2] - The buyback program aims to repurchase a total of 2,500,000 own shares, which is 0.80% of the issued shares, with a maximum purchase price of 800 million ISK [2] Purchase Details - The buyback included three transactions: - 50,000 shares at a price of 297 ISK on July 14, 2025, totaling 14,850,000 ISK - 70,000 shares at a price of 297 ISK on July 16, 2025, totaling 20,790,000 ISK - 50,000 shares at a price of 305 ISK on July 17, 2025, totaling 15,250,000 ISK [1] - The total number of shares purchased during this buyback program is 485,000, amounting to 142,165,000 ISK [2]