2021 Key Figures
“When the COVID-19 epidemic struck, it was clear that it would not only affect human health but that it would also have a major economic impact.”
In June 2021, the Blue Lagoon reopened after an 8-month closure due to the global COVID-19 pandemic. It had been closed continuously from 8 October 2020 to 15 June 2021 due to disease control measures and instructions from the authorities. Earlier in 2020, the Blue Lagoon had also been closed for about three months.
Day-to-day uncertainty regarding the development of the pandemic continued to color the company’s operations. In addition to social distancing rules, it was mainly variable number restrictions which affected, on the one hand, the number of guests allowed into the company’s lagoon and, on the other hand, the permitted number in the company’s restaurants.
When the COVID-19 epidemic struck, it was clear that it would not only affect human health, but that it would also have a major economic impact. Blue Lagoon was no exception. The Icelandic government therefore introduced various measures for companies to mitigate this impact on the economy. Like many other companies, Blue Lagoon availed of some of these support remedies in 2020 and 2021. They were important to the company in protecting important infrastructure, jobs and ensuring the company could bounce back when markets reopened – which was the case.
It is now clear that the path that was determined to protect the interests of the company, especially with a view to ensuring a strong turnaround and rebound when the time came, has paid off. In the second half of 2021, operations began to pick up, since improved efficiency, a very robust group of employees and a sturdier infrastructure have resulted in improved results.
2021 turnover compared to 2020
2021 EBITDA compared to 2020
2021 financial performance compared to 2020
2021 equity compared to 2020
A certified management system with an emphasis on sustainability is the basis for Blue Lagoon’s success in the future. It promotes greater efficiency, improves our organization and target setting and therefore the success of the company, whether it be from a financial, social or environmental point of view.
This year’s report is, for the first time, being published as a special sustainability and corporate social responsibility report instead of the traditional annual report with an emphasis on CSR issues, as in the past two years.