Eimskipafélag Íslands

Hf. Eimskipafélag Íslands
Type Privately held company
Industry Investment
Founded 1 January 2005
Headquarters Reykjavík, Iceland
Key people Sindri Sindrason (Chairman of the board), Gylfi Sigfusson (President and CEO)
Products Aviation services, shipping and logistics
Revenue €1.444 billion (2007)[1]
Profit (€9.10 million) (2007)[1]
Employees 9,500 (2007)[1]
Website www.eimskip.com

Hf. Eimskipafélag Íslands (Avion Group prior to November 2006) is a large Icelandic investment company, focused on investments in the transportation industry. The company was formed on January 1, 2005, from several long standing companies. In 2005, Eimskipafélag Íslands was ranked the second fastest growing business in Europe by the Association for Dynamic Entrepreneurs. The group's transportation fleet currently consists of 61 Airbus and Boeing aircraft, 30 ships and 170 trucks. The company is the largest ACMI operator in the world.

Contents

Ownership

  1. Frontline Holding SA 36,42% (registered in Luxembourg). 90% of the company's shares is controlled by Magnus Thorsteinsson.[2]
  2. Fjárfestingarfélagið Grettir hf 33.25%. The company is partially controlled by Thor Bjorgolfsson and Bjorgolfur Gudmundsson.[2]
  3. Landsbanki Luxembourg SA 4,69% (registered in Luxembourg)[2] Controlled by Thor Bjorgolfsson and Björgólfur Guðmundsson.
  4. Others

Businesses

Eimskipafélag Íslands is formed of two business divisions, each consisting of one or more companies:

Eimskipafélag Íslands was listed on the Iceland Stock Exchange in January 2006.

Management

Former Airline Holdings

References

  1. ^ a b c "Annual Report 2007". Eimskipafélag Íslands. http://www.eimskip.com/PortalData/1/Resources/financial_results/Annual_Report_2007_LQ_final.pdf. Retrieved 2008-05-07. 
  2. ^ a b c "Grettir annar stærsti hluthafinn í Avion Group". http://www.mbl.is/mm/vidskipti/frettir/2006/11/01/grettir_annar_staersti_hluthafinn_i_avion_group/. 

External links