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MarketScreener Homepage  >  Equities  >  NASDAQ OMX ICELAND  >  Origo hf.    ORIGO   IS0000000396

ORIGO HF.

(ORIGO)
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Origo : Tölvutek Resumes Operations

07/12/2019 | 05:30am EST

Tölvutek, which closed this summer, will resume operations in the next few weeks. The new company will be a subsidiary of Origo, with several key personnel being brought over.

In its new form, Tölvutek will focus on the sale of equipment and solutions to consumers and households. The company will offer Lenovo personal computers in the consumer market as well as computer equipment from other manufacturers. Subsequently, Origo will reduce its direct involvement in the sale and marketing of personal computers to consumers and focus instead on the marketing of Lenovo computers and related equipment to enterprises and institutions. Warranty services for Tölvutek will be provided by Origo.

'We are very excited to recommence operations after a brief hiatus and are thankful for the great amount of goodwill shown to the Tölvutek brand and its values. For years, Tölvutek has lead the way in providing computer equipment at reasonable prices for the enterprise segment and we now look forward to focusing our full attention on taking advantage of the great opportunities we see in the consumer market with the backing of a strong partner,' says Hafþór Helgason, Managing Director of Tölvutek.

Tölvutek is currently scheduled to open at two locations, in Reykjavik and Akureyri, within the next few weeks.

Disclaimer

Origo hf. published this content on 12 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2019 09:29:01 UTC


© Publicnow 2019
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Financials
Sales 2019 14 845 M 115 M 115 M
Net income 2019 685 M 5,31 M 5,31 M
Net Debt 2019 1 517 M 11,8 M 11,8 M
P/E ratio 2019 17,4x
Yield 2019 -
Capitalization 17 394 M 135 M 135 M
EV / Sales 2018 0,60x
EV / Sales 2019 0,92x
Nbr of Employees 493
Free-Float 72,3%
Chart ORIGO HF.
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Origo hf. Technical Analysis Chart | ORIGO | IS0000000396 | MarketScreener
Income Statement Evolution
Managers and Directors
NameTitle
Ívar Kristjánsson Chairman
Linda Björk Waage Managing Director-Operation & Infrastructure
Gunnar Már Petersen Chief Financial Officer
Guđmundur Jóhann Jónsson Vice Chairman
Hildur Dungal Director
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