AKKUR — Greining og ráðgjöf ehf. is an independent equity research firm covering listed Icelandic companies. Research consists of initiation reports, valuation updates, quarterly result previews and result notes, distributed via Bloomberg, a subscriber newsletter and this website, alongside a regular column in Viðskiptablaðið.
AKKUR research is produced by Alexander Jensen Hjálmarsson, Analyst, for and on behalf of Akkur – Greining og ráðgjöf ehf. (reg. no. 480107-0710), Reykjavík, Iceland. Alexander Jensen Hjálmarsson is responsible for all research published under the AKKUR name.
AKKUR is not an authorised investment firm within the meaning of Act No. 115/2021 and does not provide investment advice, portfolio management, execution, custody or any other service requiring authorisation. AKKUR's published investment recommendations are subject to Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/958, as implemented in Iceland by Act No. 60/2021, in respect of which the Financial Supervisory Authority of the Central Bank of Iceland is the competent authority. AKKUR applies the standards for the objective presentation of investment recommendations and the disclosure of conflicts of interest set out in Commission Delegated Regulation (EU) 2016/958, and its analysts work under AKKUR's own code of conduct, adopted by the board on 23 December 2025 and reviewed at least annually.
Contact: akkur@akkur.net
Covered issuers may subscribe to AKKUR research. Where they do, they subscribe on the same terms as investor subscribers: no coverage guarantees are given, no fee is contingent on the content or conclusion of any report, and AKKUR retains full editorial discretion over what is covered and what is published. Subscription relationships with covered issuers are disclosed on the face of each report.
AKKUR fair value estimates are built from one or more valuation methods, selected by AKKUR for each company. The methods used, their weights where more than one is applied, the principal assumptions and the data sources are stated in each report, and the methods and the resulting values are shown on each company page. Ratings follow mechanically from the difference between market price and estimated fair value, and measure mispricing rather than expected return.
AKKUR — Greining og ráðgjöf ehf.
Reg. no. 480107-0710
Reykjavík, Iceland
akkur@akkur.net
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AKKUR — Greining og ráðgjöf ehf. · Reg. no. 480107-0710 · Reykjavík, Iceland · akkur.net
AKKUR produces investment recommendations within the meaning of Regulation (EU) No 596/2014 (MAR), as implemented in Iceland by Act No. 60/2021, and applies the presentation and disclosure requirements of Commission Delegated Regulation (EU) 2016/958. AKKUR is not authorised by the Financial Supervisory Authority of the Central Bank of Iceland and does not provide investment advice, portfolio management or any other service requiring authorisation.
Any page showing a target price alongside a market price is an investment recommendation. Ratings and target prices reflect AKKUR's most recently published valuation for each company and change only when a new valuation or rating action is published; market prices update continuously. Prices are sourced from TradingView, are delayed by at least 15 minutes, and are not a basis for execution.
Research is for information only. It is not a personal recommendation and takes no account of the objectives, financial situation or needs of any recipient.
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