Hordur Arnarson, CEO
"Landsvirkjun’s operations were successful in 2013 and a historical high was achieved by the Company, this year, when electricity sales increased by 416 GWh. Revenue increased by 3.7% and the profit before unrealised financial items and EBITDA also increased. Landsvirkjun suffered losses this year, despite the success of operations within a difficult market environment. This can mainly be attributed to decreasing aluminium prices worldwide and the effects of this on contractual energy prices. Landsvirkjun’s performance will continue to rely on the unpredictable development of currently low aluminium prices, interest rates and exchange rates."