May 24, 2018 5:48 PM ET

Diversified Telecommunication Services

Company Overview of Sýn hf.

Company Overview

Sýn hf. provides telecommunications services to individuals, companies, organizations, and public authorities in Iceland. It offers mobile phones, prepaid SIM cards, and networking equipment, as well as 3G/4G services. The company was formerly known as Fjarskipti hf. and changed its name to Sýn hf. in April 2018. Sýn hf. is based in Reykjavik, Iceland.

Suðurlandsbraut 8

Reykjavík,  108

Iceland

Key Executives for Sýn hf.

Sýn hf. does not have any Key Executives recorded.

Sýn hf. Key Developments

Sýn hf., Q1 2018 Earnings Call, May 17, 2018

Sýn hf., Q1 2018 Earnings Call, May 17, 2018

Fjarskipti hf Reports Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Provides Earnings Guidance for the Year 2018 and 2020

Fjarskipti hf reported audited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported revenue of ISK 4,304 million against ISK 3,450 million a year ago. EBITDA was ISK 803 million against ISK 694 million a year ago. EBIT was ISK 374 million against ISK 327 million a year ago. Net profit was ISK 356 million against ISK 170 million a year ago. Adjusted EBITDA was ISK 961 million against ISK 723 million a year ago. Adjusted EBIT was ISK 532 million against ISK 356 million a year ago. Adjusted Net profit was ISK 482 million against ISK 193 million a year ago. Internet income amounted to ISK 1,093 million in the fourth quarter, an increase of 23% from the previous year, largely due to the collection of access fees from Gagnaveita Reykjavíkur. For the year, the company reported revenue of ISK 14,268 million against ISK 13,655 million a year ago. EBITDA was ISK 3,137 million against ISK 3,040 million a year ago. EBIT was ISK 1,550 million against ISK 1,632 million a year ago. Net profit was ISK 1,086 million against ISK 1,007 million a year ago. Adjusted EBITDA was ISK 3,338 million against ISK 3,073 million a year ago. Adjusted EBIT was ISK 1,751 million against ISK 1,665 million a year ago. Adjusted net profit was ISK 1,247 million against ISK 1,034 million a year ago. Profits per share were ISK 4.10. Profits per share, adjusted for one-off costs, were ISK 4.70. The company expects that EBITDA can range between ISK 4,000 to­ 4,000 million in 2018, but merger synergies will be more prominent in the second half 2018 even stronger 2019 with full effect in 2020. Capex ratio is estimated at 8% to 10% in 2018. It is expected that the capex ratio will decrease to around 8% when fully integrated. EBITDA in 2020 is expected to above ISK 5,000 million.

Fjarskipti hf, Board Meeting, Feb 28, 2018

Fjarskipti hf, Board Meeting, Feb 28, 2018. Agenda: To approve annual financial statements for the operating year 2017.

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