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SKELJUNGUR INTERIM FINANCIAL REPORT Q1 2021 ISK 170 MILLION PROFIT IN FIRST QUARTER OF 2021 • EBITDA 673 million ISK , up by 9.7 % from Q1 2020 KEY INDICATORS AND RESULTS IN THE FIRST QUAERTER OF 2021 ( Q1 2021 ) Contribution margin 2,350 million ISK , up by 0.9 % from Q1 2020 • EBITDA 773 million ISK , net of one - off expenditure , up by 25.9 % from Q1 2020 • EBITDA margin 28.6 % , as compared to 26.3 % in Q1 2020 • Profit after taxes 170 million ISK , as compared to 159 million ISK in Q1 2020 Earnings per share 0.09 , as compared to 0.08 in Q1 2020 • • • Return on equity year - on - year 7.1 % , as compared to 6.7 % in Q1 2020 Dividend of 350 million ISK approved for payment on 8 April 2021 Net cash provided by operating activities 434 million ISK , as compared to 586 million in Q1 2020 . Equity at the end of the quarter ISK 9,639 million ; equity ratio was 36.2 % PROSPECTS FOR 2021 At the time of the publication of the annual financial statement for 2020 , Skeljungur issued an earnings estimate projecting EBITDA for 2021 in the range of 3,000-3,400 million ISK and investments in operating assets in the range of 750-850 million ISK . This continues to be the Company's forecast . The EBITDA guidance for the remainder of the year assumes a stable exchange rate and oil price . Note that conversions in the financial statements are based on the average exchange rate within the year . The Company's budget is based on the average exchange rate of DKK / ISK 20,5 for the remaining three quarters of the year .