Festi cuts EBITDA guidance while Festi stock sits 2.10 percent above its low
Published on 10/14/2026 at 01:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGuidance and reporting dates
- Festi reduced its 2026 EBITDA guidance to ISK 16.0-16.5 billion.
- Second-quarter revenue reached ISK 46.35 billion and net income reached ISK 1.30 billion.
- Festi is scheduled to report third-quarter results on October 28, 2026.
- The next annual results are listed for February 3, 2027.
Festi (IS0000020584) cut its 2026 EBITDA guidance to ISK 16.0-16.5 billion, while Festi stock was last quoted at ISK 292.00 on Nasdaq Iceland on October 13, 2026. Dagens Aktie reported the guidance reduction in its September 27, 2026 analysis, citing weaker fuel margins.
Three dated operating signals
On July 28, 2026, Festi reported second-quarter revenue of ISK 46.35 billion, net income of ISK 1.30 billion and earnings per share of ISK 4.17. Investing.com recorded the quarter's revenue and net income figures and compared revenue with ISK 40.06 billion in the previous quarter.
On September 14, 2026, Festi disclosed the purchase of 239,232 own shares for ISK 72.70 million during buyback week 37. MFN said the cumulative repurchases had reached 2,289,445 shares for ISK 708.38 million.
On October 2, 2026, Festi published its third-quarter trading report through Nasdaq. The report puts the next results checkpoint in the foreground as the company works through weaker fuel margins.
What does guidance mean for margins?
The guidance cut matters because the second-quarter EBITDA result fell 0.80 percent year over year, according to Dagens Aktie. The same analysis placed gross margin at 24.90 percent, down from 25.30 percent in the comparable quarter, linking the pressure to fuel costs.
That combination gives Festi a clear operating test: revenue growth must continue while N1 fuel margins stabilize. The company's portfolio spans fuel, grocery retail and electronics, so the next report can show whether stronger sales are offsetting pressure in the most exposed business line.
Upcoming reporting dates
MFN lists October 28, 2026 at 10:30 a.m. as the third-quarter reporting date and February 3, 2027 as the annual results date. These dates frame the next two formal tests of the reduced EBITDA outlook.
Last Nasdaq Iceland price
The last available Nasdaq Iceland price was ISK 292.00 on October 13, 2026 at 3:29 p.m. GMT. The same market context showed a 52-week range of ISK 286.00 to ISK 352.00, placing the price 2.10 percent above the low.
Market context: Market report Latest market reports.
Festi key facts
- Company: Festi hf.
- ISIN: IS0000020584
- Ticker: FESTI.IC
- Primary exchange: Nasdaq Iceland
- Last price Nasdaq Iceland: ISK 292.00 as of October 13, 2026 at 3:29 p.m. GMT
- Market capitalization: ISK 90.2 billion as of October 13, 2026
- 52-week range: ISK 286.00-352.00 as of October 13, 2026
- Sector / Industry: Consumer Cyclical / Specialty Retail
