{"id":8008,"date":"2016-04-18T12:30:10","date_gmt":"2016-04-18T12:30:10","guid":{"rendered":"https:\/\/arsskyrsla2021.bluelagoon.is\/avarp-stjornarformanns\/"},"modified":"2022-06-21T16:32:28","modified_gmt":"2022-06-21T16:32:28","slug":"chairmansaddress","status":"publish","type":"page","link":"https:\/\/arsskyrsla2021.bluelagoon.is\/en\/chairmansaddress\/","title":{"rendered":"Chairman\u2019s Address"},"content":{"rendered":"
[mk_page_section bg_image=”https:\/\/arsskyrsla2021.bluelagoon.is\/wp-content\/uploads\/2020\/03\/hotel-retreat-header.jpg” bg_position=”center center” bg_repeat=”no-repeat” bg_stretch=”true” enable_3d=”true” video_color_mask=”#000000″ video_opacity=”0.2″ min_height=”550″ full_height=”true” skip_arrow=”true” top_shape_color=”#ffffff” bottom_shape_color=”#ffffff” first_page=”false” last_page=”false” sidebar=”sidebar-1″][vc_column][vc_row_inner][vc_column_inner width=”1\/2″][mk_fancy_title tag_name=”h1″ color=”#ffffff” size=”45″ force_font_size=”true” size_smallscreen=”30″ size_phone=”40″ font_weight=”400″ txt_transform=”none” margin_bottom=”0″ font_family=”Lato” font_type=”google” animation=”flip-x” el_class=”skuggi-texti”]Chairman’s Address[\/mk_fancy_title][mk_fancy_title tag_name=”span” color=”#ffffff” size=”34″ force_font_size=”true” size_smallscreen=”30″ size_tablet=”28″ size_phone=”24″ font_weight=”300″ font_style=”italic” txt_transform=”none” margin_bottom=”0″ font_family=”Lato” font_type=”google” responsive_align=”left” animation=”flip-x” el_class=”skuggi-texti”]\u201cThere is both old and new truth in the assertion that the robust operations of companies across the country form the basis of the prosperity of the nation as a whole.\u201d<\/em>[\/mk_fancy_title][\/vc_column_inner][vc_column_inner width=”1\/2″][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/mk_page_section][vc_row][vc_column][vc_empty_space height=”80px”][\/vc_column][\/vc_row][mk_page_section sidebar=”sidebar-1″][vc_column width=”1\/4″][vc_single_image image=”5136″ img_size=”full”][vc_column_text css=”.vc_custom_1648730536903{margin-bottom: 0px !important;}”]\n

\u00dalfar Steind\u00f3rsson<\/h3>\n[\/vc_column_text][vc_column_text css=”.vc_custom_1653482228283{margin-bottom: 0px !important;}”]\n

Chairman of the Board<\/strong><\/p>\n[\/vc_column_text][\/vc_column][vc_column width=”3\/4″][vc_column_text css=”.vc_custom_1655121763896{margin-bottom: 0px !important;}”]Dear shareholders,<\/p>\n

Over the past two years, the operations of Blue Lagoon have differed greatly from previous years.\u00a0 Instead of the uninterrupted success and profitable operations experienced since 2011, the company suffered major disruptions, now for the second year in a row, due to the pandemic from which no part of the globe has been spared.<\/p>\n

As a result, the company\u2019s operations in Svartsengi had to be closed in October 2020. They were not reopened until last June, since there was no choice but to keep the facilities closed due to disease control measures and actions imposed by the authorities.\u00a0 The uncertainty continued until the end of the year, however, since the disease control rules were repeatedly changed during the period, with consequent disruptions to the company\u2019s operations.<\/p>\n

However, there was a positive turnaround in the Blue Lagoon\u2019s operations during the year, from the previous year, since revenue increased by 46%, which had a significant positive effect on the company\u2019s results. The company\u2019s net losses amounted to EUR 4.8 million, whereas its EBITDA totaled EUR 2.1 million compared to the negative EBITDA of EUR 12.6 million the year before. In comparison, the company\u2019s losses in 2020 amounted to EUR 20.7 million.[\/vc_column_text][\/vc_column][\/mk_page_section][mk_page_section top_shape_color=”#ffffff” bottom_shape_color=”#ffffff” sidebar=”sidebar-1″][vc_column][vc_row_inner][vc_column_inner width=”1\/4″][\/vc_column_inner][vc_column_inner el_class=”Texti-GreyBox” width=”1\/2″ css=”.vc_custom_1592988931737{padding-top: 55px !important;padding-right: 55px !important;padding-bottom: 55px !important;padding-left: 55px !important;background-color: #f2f2f2 !important;}”][vc_column_text align=”center” el_class=”Texti-GreyBox” css=”.vc_custom_1653482327185{margin-bottom: 0px !important;}”]\n

\u201cThe Blue Lagoon\u2019s tax footprint in 2021 amounted to just over ISK 1.8 billion, which is over nine times the amount that the company availed of through the government\u2019s support measures.\u201d<\/em><\/strong><\/p>\n[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/4″][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”60px”][\/vc_column][\/mk_page_section][mk_page_section sidebar=”sidebar-1″][vc_column][vc_column_text css=”.vc_custom_1655829144394{margin-bottom: 0px !important;}”]It was not least thanks to the government\u2019s support for the tourism industry, in terms of maintaining an employment relationship with its employees, that Blue Lagoon managed to keep an average of 396 employees on the payroll last year, despite closures in the first half of the year. Blue Lagoon is an important employer, especially in Reykjanes. Under these complex and uncertain circumstances, all emphasis was placed on defending the company\u2019s interests, while at the same time efforts were made to strengthen its foundations so that it could spring back into action with full force when the situation improved again. At the end of the year, the company had 569 employees in 506 average equivalent positions.<\/p>\n

These emphases yielded good results. The Blue Lagoon\u2019s tax footprint in 2021 amounted to just over ISK 1.8 billion, which is over nine times the amount that the company availed of through the government\u2019 support measures. There is therefore both old and new truth in the assertion that the robust operations of companies across the country form the basis of the prosperity of the nation as a whole.<\/p>\n

Despite challenging conditions in 2021, the Blue Lagoon\u2019s financial position is sound and the equity ratio according to the balance sheet at the end of 2021 amounted to over 37%.[\/vc_column_text][\/vc_column][\/mk_page_section][mk_page_section top_shape_color=”#ffffff” bottom_shape_color=”#ffffff” sidebar=”sidebar-1″][vc_column][vc_empty_space height=”60px”][vc_row_inner][vc_column_inner width=”1\/4″][\/vc_column_inner][vc_column_inner el_class=”Texti-GreyBox” width=”1\/2″ css=”.vc_custom_1616520574061{padding-top: 55px !important;padding-right: 50px !important;padding-bottom: 55px !important;padding-left: 50px !important;background-color: #f2f2f2 !important;}”][vc_column_text align=”center” el_class=”Texti-GreyBox” css=”.vc_custom_1653482376796{margin-bottom: 0px !important;}”]\n

\u201cUnder these complex and uncertain circumstances, all emphasis was placed on defending the company\u2019s interests, while at the same time efforts were made to strengthen its foundations so that it could spring back into action with full force when the situation improved again.\u201d<\/em><\/strong><\/p>\n[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/4″][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”60px”][\/vc_column][\/mk_page_section][mk_page_section sidebar=”sidebar-1″][vc_column][vc_column_text css=”.vc_custom_1655121879055{margin-bottom: 0px !important;}”]In January 2021, considerable seismic activity started around Mt. \u00deorbj\u00f6rn in the vicinity of the Blue Lagoon, culminating in an eruption and lava flow in Fagradalsfjall which began on March 19th and ended last December. Neither people nor constructions were at risk. We are constantly reminded of the forces of nature in Iceland. Further earthquakes or eruptions cannot be ruled out, but in the opinion of scientists they do not pose any risk to the inhabited areas of Reykjanes or the activities of Blue Lagoon. We are always aware of the potential threat of earthquakes and volcanic eruptions, which can never be ruled out on this volcanic island of Iceland.[\/vc_column_text][\/vc_column][\/mk_page_section][mk_page_section sidebar=”sidebar-1″][vc_column][vc_column_text css=”.vc_custom_1655121915165{margin-bottom: 0px !important;}”]On behalf of the company\u2019s board, I would like to thank the employees for their selfless and outstanding work in challenging circumstances.\u00a0 I would also like to thank my fellow members on the board of Blue Lagoon for their valuable co-operation and strong support.<\/p>\n

We believe that the future is bright and that the turnaround will really start sooner rather than later.\u00a0 The last few months have been promising on that front.[\/vc_column_text][vc_empty_space height=”80px”][\/vc_column][\/mk_page_section][vc_row fullwidth=”true” equal_columns=”true” attached=”true” css=”.vc_custom_1616680435902{margin-bottom: -10px !important;padding-bottom: 0px !important;}” el_class=”bottom_buttons_section”][vc_column width=”1\/2″][mk_button dimension=”flat” size=”xx-large” icon=”mk-jupiter-icon-arrow-left” icon_anim=”side” url=”https:\/\/arsskyrsla2021.bluelagoon.is\/en\/” fullwidth=”true” margin_bottom=”0″ bg_color=”#ededed” btn_hover_bg=”#ededed” text_color=”dark”]FRONT PAGE | go back<\/span>[\/mk_button][\/vc_column][vc_column width=”1\/2″][mk_button dimension=”flat” size=”xx-large” icon=”mk-jupiter-icon-arrow-right” icon_anim=”side” url=”https:\/\/arsskyrsla2021.bluelagoon.is\/en\/ceosaddress\/” align=”right” fullwidth=”true” margin_bottom=”0″ text_color=”dark”]CEO’S ADDRESS | read next[\/mk_button][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"

[mk_page_section bg_image=”https:\/\/arsskyrsla2021.bluelagoon.is\/wp-content\/uploads\/2020\/03\/hotel-retreat-header.jpg” bg_position=”center center” bg_repeat=”no-repeat” bg_stretch=”true” enable_3d=”true” video_color_mask=”#000000″ video_opacity=”0.2″ min_height=”550″ full_height=”true” skip_arrow=”true” top_shape_color=”#ffffff” bottom_shape_color=”#ffffff” first_page=”false” last_page=”false” sidebar=”sidebar-1″][vc_column][vc_row_inner][vc_column_inner width=”1\/2″][mk_fancy_title tag_name=”h1″ color=”#ffffff” size=”45″ force_font_size=”true” size_smallscreen=”30″ size_phone=”40″ font_weight=”400″ txt_transform=”none” margin_bottom=”0″ font_family=”Lato” font_type=”google” animation=”flip-x” el_class=”skuggi-texti”]Chairman’s Address[\/mk_fancy_title][mk_fancy_title tag_name=”span” color=”#ffffff” size=”34″ force_font_size=”true” size_smallscreen=”30″ size_tablet=”28″ size_phone=”24″ font_weight=”300″ font_style=”italic” txt_transform=”none” margin_bottom=”0″ font_family=”Lato” font_type=”google” responsive_align=”left” animation=”flip-x” el_class=”skuggi-texti”]\u201cThere is both old and new truth in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-8008","page","type-page","status-publish","hentry"],"yoast_head":"\nChairman\u2019s Address - \u00c1rssk\u00fdrsla Bl\u00e1a L\u00f3nsins 2021<\/title>\n<meta name=\"description\" content=\"\u00c1rs- og samf\u00e9lagssk\u00fdrsla Bl\u00e1a L\u00f3nsins - Blue Lagoon 2021. 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