We offer a wide range of IT products and services that can be categorized into Software, End-User Equipment and Managed Services.
We help our customers to succeed by applying our expertise in software, hardware and systems operation. Our customers include consumers, institutions and enterprises from all major sectors in Iceland. Our focus and specialization - in recent years, has been in the areas of healthcare, finance, travel, commerce and services.
Origo was created by the merger of Nýherji, TM Software and Applicon in 2018. The Company traces its roots to 1949 and was for a long time IBM Iceland. IBM Iceland, and later Nýherji, was known for being the leader in Iceland in marketing IBM computers and services to enterprises and consumers. TM Software, which later became Skyggnir, was one of the 500 largest software companies in Europe in the early 2000s. Applicon had established itself in the Nordic region as a software consulting company.
1949
Served areaWorldwide
Headcount538
HeadquartersBorgartún 37, 105 Reykjavík – Iceland
Line item in (isk) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
---|---|---|---|---|
Assets | N/A | 12,363,978,000.00 | 15,143,970,000.00 | 15,675,936,000.00 |
Noncurrent Assets | N/A | 8,027,956,000.00 | 9,741,682,000.00 | 5,942,138,000.00 |
Property Plant And Equipment | N/A | 1,875,914,000.00 | 2,244,668,000.00 | 2,377,318,000.00 |
Investments In Associates Accounted For Using Equity Method | N/A | 2,940,938,000.00 | 3,991,058,000.00 | 125,733,000.00 |
Deferred Tax Assets | N/A | 4,797,000.00 | 9,011,000.00 | 8,929,000.00 |
Current Assets | N/A | 4,336,022,000.00 | 5,402,288,000.00 | 9,733,798,000.00 |
Inventories | N/A | 1,453,309,000.00 | 1,775,954,000.00 | 2,922,173,000.00 |
Trade And Other Current Receivables | N/A | 1,709,999,000.00 | 1,831,710,000.00 | 2,759,465,000.00 |
Cash and cash equivalents | 825,847,000.00 | 1,172,714,000.00 | 1,794,624,000.00 | 4,052,160,000.00 |
Equity And Liabilities | N/A | 12,363,978,000.00 | 15,143,970,000.00 | 15,675,936,000.00 |
Equity | 6,817,379,000.00 | 7,012,436,000.00 | 8,618,716,000.00 | 8,485,658,000.00 |
Issued Capital | N/A | 434,857,000.00 | 434,857,000.00 | 137,404,000.00 |
Retained Earnings | N/A | 3,294,060,000.00 | 4,217,016,000.00 | 7,679,006,000.00 |
Share Premium | N/A | 121,456,000.00 | 121,456,000.00 | 0.00 |
Other Reserves | N/A | 3,133,371,000.00 | 3,787,415,000.00 | 603,021,000.00 |
Equity Attributable To Owners Of Parent | N/A | 6,983,744,000.00 | 8,560,744,000.00 | 8,419,431,000.00 |
Noncontrolling Interests | N/A | 28,692,000.00 | 57,972,000.00 | 66,227,000.00 |
Liabilities | N/A | 5,351,542,000.00 | 6,525,254,000.00 | 7,190,278,000.00 |
Noncurrent Liabilities | N/A | 1,945,235,000.00 | 2,732,726,000.00 | 2,773,232,000.00 |
Deferred Tax Liabilities | N/A | 0.00 | 108,013,000.00 | 110,330,000.00 |
Longterm Borrowings | N/A | 640,789,000.00 | 950,000,000.00 | 834,959,000.00 |
Current Liabilities | N/A | 3,406,307,000.00 | 3,792,528,000.00 | 4,417,046,000.00 |
Trade And Other Current Payables | N/A | 2,977,645,000.00 | 3,263,000,000.00 | 3,777,863,000.00 |
Line item in (isk) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
---|---|---|---|
Revenue | 17,062,346,000.00 | 18,191,124,000.00 | 20,119,439,000.00 |
Profit Loss From Operating Activities | 330,726,000.00 | 732,159,000.00 | 671,010,000.00 |
Finance Income | 30,793,000.00 | 47,384,000.00 | 1,066,991,000.00 |
Finance Costs | 215,501,000.00 | 145,729,000.00 | 206,569,000.00 |
Profit Loss Before Tax | 277,561,000.00 | 1,599,913,000.00 | 24,434,255,000.00 |
Income Tax Expense Continuing Operations | 25,512,000.00 | 105,477,000.00 | 135,934,000.00 |
Profit (loss) | 252,049,000.00 | 1,494,436,000.00 | 24,298,321,000.00 |
Profit Loss Attributable To Owners Of Parent | 250,326,000.00 | 1,478,975,000.00 | 24,350,811,000.00 |
Profit Loss Attributable To Noncontrolling Interests | 1,723,000.00 | 15,461,000.00 | -52,490,000.00 |
Line item in (isk) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
---|---|---|---|---|
Profit (loss) | N/A | 252,049,000.00 | 1,494,436,000.00 | 24,298,321,000.00 |
Adjustments For Income Tax Expense | N/A | 25,512,000.00 | 105,477,000.00 | 135,934,000.00 |
Adjustments For Decrease Increase In Inventories | N/A | -97,751,000.00 | -287,109,000.00 | -1,157,979,000.00 |
Adjustments For Fair Value Gains Losses | N/A | -85,000,000.00 | 0.00 | N/A |
Adjustments For Undistributed Profits Of Associates | N/A | 131,543,000.00 | 966,099,000.00 | 587,501,000.00 |
Interest Paid Classified As Operating Activities | N/A | 129,951,000.00 | 145,728,000.00 | 206,569,000.00 |
Interest Received Classified As Operating Activities | N/A | 30,793,000.00 | 30,196,000.00 | 283,690,000.00 |
Cash Flows From Used In Operating Activities | N/A | 1,493,053,000.00 | 1,258,448,000.00 | 119,946,000.00 |
Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | N/A | 0.00 | 27,344,429,000.00 |
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | 0.00 | 267,225,000.00 | 47,481,000.00 |
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | N/A | 13,895,000.00 | 8,089,000.00 | 40,868,000.00 |
Purchase Of Property Plant And Equipment Classified As Investing Activities | N/A | 333,660,000.00 | 215,278,000.00 | 263,537,000.00 |
Proceeds From Sales Of Intangible Assets Classified As Investing Activities | N/A | N/A | 0.00 | 4,399,000.00 |
Purchase Of Intangible Assets Classified As Investing Activities | N/A | 298,209,000.00 | 183,428,000.00 | 248,463,000.00 |
Cash Flows From Used In Investing Activities | N/A | -620,482,000.00 | -670,643,000.00 | 26,826,906,000.00 |
Payments To Acquire Or Redeem Entitys Shares | N/A | 32,728,000.00 | 0.00 | 643,334,000.00 |
Payments Of Lease Liabilities Classified As Financing Activities | N/A | 370,747,000.00 | 300,863,000.00 | 389,971,000.00 |
Dividends Paid Classified As Financing Activities | N/A | 180,000,000.00 | 0.00 | N/A |
Cash Flows From Used In Financing Activities | N/A | -547,611,000.00 | 47,733,000.00 | -24,684,064,000.00 |
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | N/A | 324,960,000.00 | 635,538,000.00 | 2,262,788,000.00 |
Effect Of Exchange Rate Changes On Cash And Cash Equivalents | N/A | 21,907,000.00 | -13,628,000.00 | -5,252,000.00 |
Cash and cash equivalents | 825,847,000.00 | 1,172,714,000.00 | 1,794,624,000.00 | 4,052,160,000.00 |
Please note that some sums might not add up.
IS0000000396
LEI967600BWC88YTVYPS344
SectorIT Consulting & Other Services
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