Orkuveita Reykjavíkur - Company Announcement

CORRECTION: Revised financial forecasts 2017-2022

Reykjavík, 2016-11-29 14:03 CET (GLOBE NEWSWIRE) -- [Here is added an
attachment containing tables of changes in OR‘s financial forecasts for year
2017 and years 2018-2002.] 



In The City of Reykjavik‘s budgeting process, assumptions were updated. Since
Orkuveita Reykjavíkur‘s (OR, Reykjavik Energy) budget is a part of The City‘s
consolidated budget, OR‘s budget, published October 3rd 2016, has been adjusted
accordingly. OR‘s revised financial forecast for year 2017 and a five-year
forecast for years 2018 through 2022 was approved by The Board of Directors
today and is attached.

Attachments:

Overview of changes to OR financial forecasts 2017 and 2018-2022.pdf

Reykjavik Energy Financial forecast 2017 and five year forecast 2018-2022 - revised.pdf