SKEL signs new purchase agreement for the sale of all SKEL shares in Sp/f Orkufelagið

Profit after tax 17.5 billion ISK in 2022

SKEL published account summary for Q3 2022

ISK 196 million profit after tax in Q3 2022

SKEL fjárfestingafélag hf. has accepted an Offer Letter from a Faroese investment company for all owned shares in Sp/f Orkufelagið or 48.3% shares. Orkufelagid is the holding company for P/F Magn that operates in the Faroe Island.

SKEL has accepted a purchase offer for all owned shares in Sp/f Orkufelagið

Skeljungur ehf. and SKEL have entered into a purchase agreement on the acquisition of all the shares in the company Klettur – sala og þjónusta ehf. and Klettagarðar 8-10 ehf. 

Acquisition of all the shares in Klettur – sala og þjónusta ehf. and Klettagarðar 8-10 ehf.

CEO of Straumlind

CEO of Orkan

Orkan has reached an agreement on the purchase of a third share in the innovation and electricity sales company Straumlind.

Orkan has signed a purchase agreement of 34% shares in Straumlind

ISK 1,597 million profit after tax in Q2 2022

SKEL published account summary for Q1 2022 today.

ISK 3,342 million profit after tax in Q1 2022

Chairman of the board

The board of directors has appointed Ásgeir Helgi Reykfjörð Gylfason to the post of CEO of the Company and Magnús Ingi Einarsson as Chief Financial Officer.

Skel and Fasteignastýring ehf., a wholly owned subsidiary of Kaldalón, have now, following approval by Skel’s annual general meeting of the sale of the properties, signed a purchase agreement on the properties in question.

At the annual meeting of Skeljungur hf. on 10.03.2022, it was agreed to change the name of Skeljungur hf. to SKEL fjárfestingafélag hf. The company will continue to be listed on the Icelandic stock exchange market.



Skeljungur hf. becomes SKEL fjárfestingafélag hf.

The annual report for the year 2021 is published.

We emphasize the development of new opportunities guided by long-term value creation.

We are active investors with the clear objective of supporting strong management teams and entrepreneurs inenhancing and developing enterprises and business ideas.

SKEL is listed on Nasdaq Iceland stock market. 

The Board of Directors and management of SKEL investments place great emphasis on the company’s operations being guided by good governance. Good governance is, in the opinion of the Board and management, the basis of trust and responsible management, but each contributes to good decision-making and good communication between shareholders, the Board, employees and other stakeholders of the company.

The Orkan IS Group began operations on 1 December 2021. Its brands are: Orkan, Löður, Gló, Lyfsalinn, Lyfjaval, 10-11, Extra and Íslenska vetnisfélagið. Orkan also owns shares in Brauð & Co.,  Sbarro and Straumlind. Orkan IS’s goal is to create service stations and stores that serve our customers in a smart, efficient and environmentally friendly way.

Skeljungur operations started on 1 December 2021. The company focuses on sales, distribution, purchasing and wholesale of fuel, lubricants, cleaning and chemical products, fertilisers as well as other products and services to companies and farmers. Services and sales to large-scale users, shipping companies, aviation and contracting are also part of the operations. Skeljungur is also Shell’s agent in Iceland, in addition to its ownership of Barki, EAK and Fjölver.

Gallon was established to manage the part of Skeljungur’s operations which involved the operation of fuel supply stations throughout the country as well as the operation of fuel supply stations at airports. This includes i.a. reception of supply vessels, delivery to ships and for oil trucks. Gallon owns EBK and Tollvörugeymslan.

In conjunction with the sale of P/F Magn, Skeljungur reinvested part of the sale value in Sp/f Orkufelagið, and Skeljungur now owns a 48% share in that company. Orkufelagið’s goal is to become a leader in all energy cycles (full cycle) in the Faroe Islands. The company employs an experienced team in energy matters and professionals in retail. The Faroese government has set a goal of 100% renewable electricity by 2030. The company will use the energy switching and the free Faroese energy market to explore investments in wind, solar, geothermal and district heating (deep drilling); natural gas; and distribution and storage.

SKEL
fjárfestingafélag

Investors

Portfolio

News

SKEL signs new purchase agreement for the sale of all SKEL shares in Sp/f Orkufelagið

Profit after tax 17.5 billion ISK in 2022

ISK 196 million profit after tax in Q3 2022

SKEL has accepted a purchase offer for all owned shares in Sp/f Orkufelagið

Acquisition of all the shares in Klettur – sala og þjónusta ehf. and Klettagarðar 8-10 ehf.

Orkan has signed a purchase agreement of 34% shares in Straumlind

ISK 1,597 million profit after tax in Q2 2022

ISK 3,342 million profit after tax in Q1 2022

New hiring of CEO and CFO

Purchase agreement signed

Skeljungur hf. becomes SKEL fjárfestingafélag hf.

The annual report for 2021

SKELfjárfestingafélag

Investors

Portfolio

News

SKEL signs new purchase agreement for the sale of all SKEL shares in Sp/f Orkufelagið

Profit after tax 17.5 billion ISK in 2022

ISK 196 million profit after tax in Q3 2022

SKEL has accepted a purchase offer for all owned shares in Sp/f Orkufelagið

Acquisition of all the shares in Klettur – sala og þjónusta ehf. and Klettagarðar 8-10 ehf.

Orkan has signed a purchase agreement of 34% shares in Straumlind

ISK 1,597 million profit after tax in Q2 2022

ISK 3,342 million profit after tax in Q1 2022

New hiring of CEO and CFO

Purchase agreement signed

Skeljungur hf. becomes SKEL fjárfestingafélag hf.

The annual report for 2021

SKEL
fjárfestingafélag