Ölgerðin Egill Skallagrímsson Logo

Ölgerðin Egill Skallagrímsson

ISIN: IS0000028678 | Ticker: OLGER | LEI: 5493003YDW5CUGC5PS30
Sector: Consumer StaplesSub-Industry: Distillers & Vintners
Country: Iceland

About Ölgerðin Egill Skallagrímsson

Company Description

Ölgerðin Egill Skallagrímsson is the largest beverage producer in Iceland. Ölgerðin produces, imports, distributes and sells beverages and food products throughout Iceland. The company focuses on ensuring that its goods are of the highest quality and that customers can rely on such quality. Only products that have the potential to be leading products in their category are marketed, and each and every supplier is treated as though he were the only one. We continuously seek new means of strengthening our operations and seeking better productivity by making our operations better and quicker than others. This is done to benefit our customers, consumers, employees and owners.

Ölgerðin operates three sales and marketing fields: alcohol-free beverages, alcoholic beverages and Corporate Services and Danól.

Year founded


Served area





Grjóthálsi 7-11, 110 Reykjavík – Iceland

Financial statements

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Line item in (isk) 01.03.2020 01.03.2021 01.03.2022
Assets N/A 23,553,832,000.00 25,676,387,000.00
Noncurrent Assets N/A 18,240,895,000.00 19,028,657,000.00
Property Plant And Equipment N/A 9,523,128,000.00 10,004,905,000.00
Investments In Associates Accounted For Using Equity Method N/A 737,138,000.00 1,122,942,000.00
Noncurrent Receivables Due From Associates N/A 69,020,000.00 45,757,000.00
Current Assets N/A 5,312,937,000.00 6,647,730,000.00
Inventories N/A 2,364,878,000.00 2,717,645,000.00
Current Trade Receivables N/A 2,256,868,000.00 2,742,932,000.00
Other Current Receivables N/A 32,217,000.00 15,298,000.00
Cash and cash equivalents 690,751,000.00 658,974,000.00 1,171,857,000.00
Equity And Liabilities N/A 23,553,832,000.00 25,676,387,000.00
Equity 5,743,347,000.00 7,418,596,000.00 10,081,387,000.00
Issued Capital N/A 2,806,965,000.00 2,806,647,000.00
Retained Earnings N/A 1,794,867,000.00 3,315,180,000.00
Share Premium N/A 1,105,058,000.00 1,102,553,000.00
Liabilities N/A 16,135,238,000.00 15,595,000,000.00
Noncurrent Liabilities N/A 10,288,316,000.00 10,124,655,000.00
Deferred Tax Liabilities N/A 1,942,412,000.00 2,068,392,000.00
Longterm Borrowings N/A 8,202,865,000.00 7,917,593,000.00
Current Liabilities N/A 5,846,922,000.00 5,470,345,000.00
Trade And Other Current Payables To Trade Suppliers N/A 2,306,261,000.00 2,492,111,000.00
Other Current Payables N/A 2,625,917,000.00 2,106,742,000.00
Current Tax Liabilities Current N/A 236,034,000.00 432,160,000.00
Line item in (isk) 01.03.2020/
Revenue 22,945,456,000.00 28,101,895,000.00
Revenue From Sale Of Goods 31,840,535,000.00 38,437,856,000.00
Other Income 45,895,000.00 34,035,000.00
Depreciation And Amortisation Expense 802,700,000.00 850,763,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 17,736,000.00 0.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 17,736,000.00 0.00
Other Expense By Nature 6,130,546,000.00 7,058,689,000.00
Profit Loss From Operating Activities 2,418,405,000.00 3,709,057,000.00
Finance Income 34,678,000.00 62,041,000.00
Finance Costs 477,610,000.00 762,693,000.00
Profit Loss Before Tax 2,035,282,000.00 3,045,545,000.00
Income Tax Expense Continuing Operations 371,568,000.00 558,265,000.00
Profit (loss) 1,663,713,000.00 2,487,280,000.00
Line item in (isk) 01.03.2020 01.03.2021 01.03.2022
Profit (loss) N/A 1,663,713,000.00 2,487,280,000.00
Adjustments For Decrease Increase In Inventories N/A -635,500,000.00 -352,767,000.00
Adjustments For Sharebased Payments N/A 9,149,000.00 15,142,000.00
Adjustments For Undistributed Profits Of Associates N/A 23,637,000.00 135,536,000.00
Adjustments For Losses Gains On Disposal Of Noncurrent Assets N/A -14,545,000.00 -10,421,000.00
Cash Flows From Used In Operating Activities N/A 2,536,462,000.00 2,410,868,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 125,000,000.00 17,711,000.00
Cash Flows From Used In Investing Activities N/A -2,375,108,000.00 -1,346,777,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 17,035,000.00 20,754,000.00
Cash Flows From Used In Financing Activities N/A -193,133,000.00 -551,209,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A -31,778,000.00 512,882,000.00
Cash and cash equivalents 690,751,000.00 658,974,000.00 1,171,857,000.00

Please note that some sums might not add up.

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Capital markets information






Consumer Staples

Industry Group

Food, Beverage & Tobacco




Distillers & Vintners

Listed Stock Exchange

Nasdaq Iceland

Stock Index

OMX Iceland All-Share Index

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