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List of companies of Iceland

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Location of Iceland

Iceland is a Nordic island country in the North Atlantic Ocean. It has a population of 356,991 and an area of 103,000 km2 (40,000 sq mi), making it the most sparsely populated country in all of Europe.[1] The capital and largest city is Reykjavík. Reykjavík and the surrounding areas in the southwest of the country are home to over two-thirds of the population. Iceland is volcanically and geologically active.

Iceland has a market economy with relatively low taxes compared to other OECD countries.[2] It maintains a Nordic social welfare system that provides universal health care and tertiary education for its citizens.[3] Iceland ranks high in economic, political and social stability and equality. In 2013, it was ranked as the 13th most-developed country in the world by the United Nations' Human Development Index.[4] Iceland runs almost completely on renewable energy. Affected by the 2008 financial crisis, the nation's entire banking system failed in October 2008, leading to the 2008–2011 Icelandic financial crisis and a severe depression, the 2009 Icelandic financial crisis protests, the Icesave dispute, and the institution of capital controls. Many bankers were jailed,[5] and the economy has made a significant recovery, in large part due to a surge in tourism.[6][7][8]

As of 2011, there were approximately 32,500 companies registered in Iceland of which 14,500 (45%) were active.[9]

Notable firms

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This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.

  Active firms
  State-owned firms
  Defunct firms
Name Registered name Industry Sector Headquarters Founded Notes
365 365 - miðlar ehf Consumer services Media Reykjavík 1986 Broadcaster, acquired in 2017
66°North Sjóklæðagerðin hf Consumer goods Personal goods Reykjavík 1926 Outdoor clothing; founded in Suðureyri as Sjóklæðagerð Íslands
Air Iceland Flugfélag Íslands ehf Consumer services Travel & leisure Reykjavík 1997 Airline; merged with Icelandair
Arctic Trucks Arctic Trucks Ísland ehf Industrials Commercial vehicles & trucks Reykjavík 1990 Exploration and commercial vehicles
Arion Bank Arion Banki hf Financials Banks Reykjavík 2008 Nasdaq Iceland: ARION, commercial bank; successor to Kaupþing's domestic operations
ÁTVR Áfengis- og tóbaksverslun ríkisins Consumer services Retail Reykjavík 1998 Alcohol/tobacco state monopoly
Bónus Bónus Consumer services Retail Reykjavík 1989 No-frills supermarket
Brim Brim hf Consumer goods Food & beverage Reykjavík 2004[10] Nasdaq Iceland: BRIM, fishing; known as HB Grandi until 2019
Carbfix Carbfix Industrials Waste & disposal services Reykjavík 2007 Carbon dioxide mineral storage; owned by Reykjavík Energy
Carbon Recycling International (CRI) Carbon Recycling International Oil & gas Alternative energy Reykjavík 2006 Renewable methanol
deCODE genetics Íslensk erfðagreining ehf Health care Biotechnology Reykjavík 1996 Gene research; subsidiary of Amgen since 2012
Ölgerðin Egill Skallagrímsson Ölgerðin Egill Skallagrímsson hf Consumer goods Beverages Reykjavík 1913 Brewery and soft drinks; oldest brewery in Iceland
Eimskipafélag Íslands Eimskipafélag Íslands hf Industrials Marine transportation Reykjavík 1914 Nasdaq Iceland: EIM, The Icelandic Steamship Company
Embla Medical Embla Medical hf Health care Medical Equipment Reykjavík 1971 Nasdaq Copenhagen: EMBLA, prosthetics and orthopaedics; parent of Össur, renamed from Össur hf in 2024[11]
Fenris Creations Consumer goods Leisure goods Reykjavík 1997 Video game developer of Eve Online; known as CCP Games until 2026; owned by Pearl Abyss 2018–2026[12]
FRISK Software International Friðrik Skúlason ehf Technology Software Reykjavík 1993 Antivirus software; acquired by CYREN in 2012
Hagar Hagar hf Consumer goods Food & beverage Kópavogur 2003[13] Food holding, includes Hagkaup and Bónus
Hagkaup Hagkaup Consumer services Retail Reykjavík 1959 Hypermarket chain
HS Orka HS Orka hf Utilities Electricity Grindavík 1974 Privately owned geothermal power producer; operates the Svartsengi and Reykjanes plants
Icelandair Icelandair ehf Consumer services Travel & leisure Reykjavík 1937 Airline
Icelandair Group Icelandair Group hf Consumer services Travel & leisure Hafnarfjörður 1937 Nasdaq Iceland: ICEAIR, travel and tourism group
Icelandic Glacial Icelandic Water Holdings ehf Consumer goods Beverages Ölfus 2004 Bottled spring water
Isavia Isavia ohf Industrials Industrial transportation Reykjavík 2010 State-owned airport operator and air navigation service provider
Íslandsbanki Íslandsbanki hf Financials Banks Reykjavík 2008 Formerly state-owned; privatised in stages from 2021, with the government selling its remaining 45.2% stake in May 2025[14]
Íslandspóstur Íslandspóstur hf Industrials Industrial transportation Reykjavík 1776 Postal services/shipping
Kerecis Kerecis Health care Medical equipment Ísafjörður 2009 Fish-skin wound care grafts; acquired by Coloplast in 2023
Landsbanki Landsbanki Financials Banks Reykjavík 1885 Defunct 2008
Landsbankinn NBI hf Financials Banks Reykjavík 2008 State-owned bank
Landsvirkjun Landsvirkjun Utilities Electricity Reykjavík 1965 State-owned National Power Company; largest electricity generator in Iceland
Mannvit Engineering Mannvit hf Industrials Industrial engineering Kópavogur 2008 Engineering and consulting; acquired by COWI in 2023
Marel Marel hf Industrials Industrial machinery Garðabær 1983 Food processing equipment; acquired by JBT Corporation in January 2025, forming JBT Marel[15]
Marorka Marorka ehf Technology Software Reykjavík 2002 Energy management software and research
Mjólkursamsalan Mjólkursamsalan ehf. Consumer goods Food products Reykjavík 1927 Dairy
MP Bank MP Banki hf Financials Banks Reykjavík 2003 Investment/commercial bank; merged into Kvika banki in 2015
Nói Síríus Nói-Siríus hf Consumer goods Food & beverage Reykjavík 1920 Chocolates; owned by Orkla ASA
Origo Origo hf Technology Computer services Reykjavík 1992 Computer services, software consulting; known as Nýherji until 2018
Orkuveita Reykjavíkur Orkuveita Reykjavíkur Utilities Multiutilities Reykjavík 1999 Reykjavík Energy; municipally owned electricity, geothermal heating and water utility; parent of ON Power and Carbfix
Play Fly Play hf Consumer services Travel & leisure Reykjavík 2019 Low-cost airline, ceased operations 2025[16]
Promens Promens hf Industrials General industrials Kópavogur 1984 Packaging, plastics; acquired by RPC Group in 2016
RÚV Ríkisútvarpið ohf Consumer services Media Reykjavík 1930 The Icelandic National Broadcasting Service
Samherji Samherji hf Consumer goods Food & beverage Akureyri 1983 Largest fishing company in Iceland
Síminn Síminn hf Telecommunications Fixed line telecommunications Reykjavík 1906 Nasdaq Iceland: SIMINN, also provides mobile telecom
Sláturfélag Suðurlands Sláturfélag Suðurlands svf Consumer goods Food & beverage Reykjavík 1907 Food producer co-op
Sýn Sýn hf Telecommunications and Consumer services Mobile Telecommunications and Media Reykjavík 1995 Broadcaster and telecom; retired the Vodafone Iceland brand in 2025
Teris Teris Technology Software Kópavogur 1989 Financial software; merged with Reiknistofa bankanna in 2012
Wow Air Wow Air ehf. Consumer services Travel & leisure Reykjavík 2011 Low-cost airline, defunct 2019

See also

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References

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  1. ↑ "Statistics Iceland". Government. The National Statistical Institute of Iceland. 14 September 2008. Retrieved 14 September 2008.
  2. ↑ "OECD Tax Database". Oecd.org. Archived from the original on 25 January 2010. Retrieved 26 January 2010.
  3. ↑ Ólafsson, Stefán (12 May 2004). "The Icelandic Welfare State and the Conditions of Children". borg.hi.is. Archived from the original on 18 August 2005. Retrieved 22 April 2010.
  4. ↑ "2015 Human Development Report" (PDF). United Nations Development Programme. 2015. Retrieved 14 December 2015.
  5. ↑ Worstall, Tim. "If Iceland Can Jail Bankers For The Crash Then Why Can't America?". forbes.com.
  6. ↑ Greenstein, Tracey (20 February 2013). "Iceland's Stabilized Economy Is A Surprising Success Story". Forbes. Retrieved 11 April 2014.
  7. ↑ Mingels, Guido (10 January 2014). "Out of the Abyss: Looking for Lessons in Iceland's Recovery". Der Spiegel. Retrieved 11 April 2014.
  8. ↑ Bowers, Simon (6 November 2013). "Iceland rises from the ashes of banking collapse". The Guardian. Retrieved 11 April 2014.
  9. ↑ "Áttundi hver Íslendingur situr í stjórn fyrirtækis" [One of every eight Icelanders is a member of a board of directors] (in Icelandic). 11 May 2011. Retrieved 11 May 2011. Viðskiptaráð tekur fram að samkvæmt fyrirtækjaskrá eru starfrækt 32.500 fyrirtæki en af þeim áætlar Creditinfo að um 14.500 séu virk.
  10. ↑ GRND.IS Company Profile & Executives - HB Grandi hf. - Wall Street Journal
  11. ↑ "Össur A/S - name change to Embla Medical hf". Nasdaq. 4 April 2024. Retrieved 17 October 2026.
  12. ↑ "EVE Online studio CCP Games turns independent and rebrands as Fenris Creations". Game Developer. May 2026. Retrieved 17 October 2026.
  13. ↑ HAGA.IS Company Profile & Executives - Hagar Hf. - Wall Street Journal
  14. ↑ "Iceland completes Islandsbanki stake sale for over $700 million". Reuters. 16 May 2025. Retrieved 17 October 2026.
  15. ↑ "JBT Corporation Completes Settlement of its Voluntary Takeover Offer of Marel hf. and Commences Trading as JBT Marel Corporation". Nasdaq. 3 January 2025. Retrieved 17 October 2026.
  16. ↑ "Iceland's Fly Play to cease all flights, 400 staff to lose jobs". Reuters. 29 September 2025. Retrieved 17 October 2026.
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