Commercial Credit Report for Festi hf

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	Festi hf
Dalvegi 10-14
Phone: +354 4401200p:+354 4401200	KOPAVOGUR, 201 Iceland	Ticker: FESTIFESTI

Business Summary

Festi hf, formerly N1 hf, is an Iceland-based retail and service company. It provides fuel, supplies, refreshments and recreational products through its distribution system. It offers targeted product range and business, aviation and marine services. It operates a chain of stores, and service and vehicle maintenance stations. It is divided in two segments: Fuel and Other goods. It sells jet and aviation fuel at the Keflavik and Reykjavik airports, as well as provides aviation operating goods, such as lubricants for propellers and hydraulic system oils. Additionally, it operates marine service stations and provides fuel, lubrication and operational products to vessels located in the north Atlantic. It also supplies contractors, food companies and farmers with a range of goods, such as hand tools, work clothing, chemicals, cleaning products, spare parts and tires. Its network comprises over 100 outlets: service areas, shops, and petrol and vehicle maintenance stations.

Scores and Ratings

FRISK^® Score	Z'' Score	PAYCE^® Score	DBT Index	Moody's Rating	Fitch Rating	DBRS Rating
Yes	Yes	-	-	-	-	-

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
9/30/2024	12/31/2023	Yes	-	-	-	-

Industries

SIC Code	Description
5171	Petroleum bulk stations and terminals
5541	Gasoline service stations
5172	Petroleum and petroleum products wholesalers, except bulk station
5531	Auto and home supply stores
5411	Grocery stores
5722	Household appliance stores
4225	General warehousing and storage
6512	Operators of nonresidential buildings

Officers and Directors

Title	Name	Age	Title Date	Start Date
Independent Chairman of the Board	Gudjon K.Reynisson	60	1/6/2022	1/6/2022
Chief Executive Officer, Managing Director of N1, Member of the Executive Board	Asta S.Fjeldsted	42	6/27/2024	10/1/2020
Independent Vice Chairman of the Board	SigurlinaIngvarsdottir		7/14/2022	7/14/2022
9 additional Officers and Directors records available in full report.

Business Names

Business Name
FESTI
Lyfja hf
N1

General Information

Number of Employees:	2,259	(As of 12/31/2023)
Outstanding Shares:	305,000,000	(As of 9/30/2024)
Shareholders:	1,191
Stock Exchange:	ICE

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