As we look back on an extraordinary year, I am proud to say that thanks to an outstanding team effort by our staff, Origo was able to achieve good results in a business environment unlike anything any of us have ever seen. Revenue was up 15% and EBITDA* came in at ISK 1,245 million, an increase from the prior year.
Origo stands for success, ingenuity, knowledge, smart and safe solutions, long-term relationship, trust and personal service.
Origo’s income grew by 15% and the company’s EBITDA was 1.245 million ISK, an improvement from last year. Our user solutions department saw a growth in income, and we did good in keeping up the income in software solutions. Great changes in the travel industry had an effect on Origo’s income in the first part of 2020.
Origo has set itself a clear policy and goals in the field of gender equality to increase the number of women within the company, but one of the main goals for next year is that 50% of those who will be hired to the company will be women.
The Board of Directors of Origo is composed of six members and follows the Guidelines on Corporate Governance issued by the Iceland Chamber of Commerce, the Iceland Stock Exchange and the Confederation of Icelandic Employers.
The goal of the Policy is to reduce negative impact of our operations on society. Information technology will undoubtedly play a major role in solving environmental problems and reducing the negative climate impact on society. Innovation and the impact of digital solutions and artificial intelligence are very important factors in this respect.
As Origo is listed on the Iceland Stock Exchange (NASDAQ OMX), the Policy is essentially based on the Nasdaq ESG criteria of February 2020. Origo's Sustainability Policy is threefold, covering the factors used by Nasdaq's guidelines for measuring and disseminating environmental issues, social factors and corporate governance. The Policy goals take into account the current position of the Group. The Policy is also based on the United Nations' Global Goals and the government's action plan on climate change. The Global Goals are founded on three pillars of sustainable development; economic, social and environmental. Origo has chosen to support four of them specifically; Global Goal 5, gender equality; Global Goal 9, industry, innovation and infrastructure; Global Goal 12, responsible consumption and production; and Global Goal 13, climate action.
Borgartún 37105 ReykjavíkSSN: 530292-2079Phone 5161000