Festi hf. Stock Analysis FESTI.IC

Festi hf is a holding company, which engages in the management of companies relating to retail and sale of fuel. The company employs 2,846 full-time employees The company went IPO on 2013-12-19. The company provides fuel, supplies, refreshments and recreational products through its distribution system. The company offers targeted product range and business, aviation and marine services. The company operates a chain of stores, and service and vehicle maintenance stations. The company is divided in two segments: Fuel and Other goods. The company 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. The company 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.