BBA//Fjeldco annual accounts for 2024
The firm‘s recently published annual accounts highlight maintained upward momentum across all key financial indicators. The firm has continued to expand the team to support growing client demand and by the end of 2024, BBA//Fjeldco employed 45 professionals specialising in a broad range of corporate and commercial legal services.
In 2024, revenue reached ISK 1,641 million (an increase from ISK 1,522 million in 2023), EBITDA rose to ISK 540 million (from ISK 504 million), and net profit after tax increased to ISK 428 million (from ISK 400 million). Since the merger in 2019 of the two firms, BBA and Fjeldco, turnover has grown by 91%, demonstrating the strength of our integrated platform and deep client relationships.
"This sustained success reflects the confidence that Icelandic industry and government institutions have placed in our firm," states Managing Partner Halldor Karl Halldorsson. "Our focus remains on delivering clear, pragmatic legal solutions informed by specialist knowledge and industry insight."
The outlook for the remainder of the year is highly encouraging. The first half of 2025 has already seen the firm advise on several high-profile matters, including advising Marel on their successful merger with John Bean Technologies (JBT), the largest merger in Iceland since 2007, and one of the most significant transactions in the country's corporate history. The firm also represented the Icelandic government and Islandsbanki in the public share offering of the government‘s remaining 45.2% stake in the bank, marking the final phase of the state‘s disposal and represents a milestone in Iceland's capital markets. This historic offering, the second largest ever in Iceland, raised ISK 90.5 billion (approximately USD 694 million) and attracted total demand of ISK 190 billion (approximately USD 1.46 billion).
Continued growth in key sectors is anticipated, including renewable energy and cross-border transactions. The teams in London and France remain actively engaged in supporting international projects, with the London office continuing to assist with both inbound and outbound transaction work between Iceland and the UK.
We remain grateful to our clients and partners for their continued trust and look forward to building on this momentum as the year progresses.
The firm‘s recently published annual accounts highlight maintained upward momentum across all key financial indicators. The firm has continued to expand the team to support growing client demand and by the end of 2024, BBA//Fjeldco employed 45 professionals specialising in a broad range of corporate and commercial legal services.
In 2024, revenue reached ISK 1,641 million (an increase from ISK 1,522 million in 2023), EBITDA rose to ISK 540 million (from ISK 504 million), and net profit after tax increased to ISK 428 million (from ISK 400 million). Since the merger in 2019 of the two firms, BBA and Fjeldco, turnover has grown by 91%, demonstrating the strength of our integrated platform and deep client relationships.
"This sustained success reflects the confidence that Icelandic industry and government institutions have placed in our firm," states Managing Partner Halldor Karl Halldorsson. "Our focus remains on delivering clear, pragmatic legal solutions informed by specialist knowledge and industry insight."
The outlook for the remainder of the year is highly encouraging. The first half of 2025 has already seen the firm advise on several high-profile matters, including advising Marel on their successful merger with John Bean Technologies (JBT), the largest merger in Iceland since 2007, and one of the most significant transactions in the country's corporate history. The firm also represented the Icelandic government and Islandsbanki in the public share offering of the government‘s remaining 45.2% stake in the bank, marking the final phase of the state‘s disposal and represents a milestone in Iceland's capital markets. This historic offering, the second largest ever in Iceland, raised ISK 90.5 billion (approximately USD 694 million) and attracted total demand of ISK 190 billion (approximately USD 1.46 billion).
Continued growth in key sectors is anticipated, including renewable energy and cross-border transactions. The teams in London and France remain actively engaged in supporting international projects, with the London office continuing to assist with both inbound and outbound transaction work between Iceland and the UK.
We remain grateful to our clients and partners for their continued trust and look forward to building on this momentum as the year progresses.
The firm‘s recently published annual accounts highlight maintained upward momentum across all key financial indicators. The firm has continued to expand the team to support growing client demand and by the end of 2024, BBA//Fjeldco employed 45 professionals specialising in a broad range of corporate and commercial legal services.
In 2024, revenue reached ISK 1,641 million (an increase from ISK 1,522 million in 2023), EBITDA rose to ISK 540 million (from ISK 504 million), and net profit after tax increased to ISK 428 million (from ISK 400 million). Since the merger in 2019 of the two firms, BBA and Fjeldco, turnover has grown by 91%, demonstrating the strength of our integrated platform and deep client relationships.
"This sustained success reflects the confidence that Icelandic industry and government institutions have placed in our firm," states Managing Partner Halldor Karl Halldorsson. "Our focus remains on delivering clear, pragmatic legal solutions informed by specialist knowledge and industry insight."
The outlook for the remainder of the year is highly encouraging. The first half of 2025 has already seen the firm advise on several high-profile matters, including advising Marel on their successful merger with John Bean Technologies (JBT), the largest merger in Iceland since 2007, and one of the most significant transactions in the country's corporate history. The firm also represented the Icelandic government and Islandsbanki in the public share offering of the government‘s remaining 45.2% stake in the bank, marking the final phase of the state‘s disposal and represents a milestone in Iceland's capital markets. This historic offering, the second largest ever in Iceland, raised ISK 90.5 billion (approximately USD 694 million) and attracted total demand of ISK 190 billion (approximately USD 1.46 billion).
Continued growth in key sectors is anticipated, including renewable energy and cross-border transactions. The teams in London and France remain actively engaged in supporting international projects, with the London office continuing to assist with both inbound and outbound transaction work between Iceland and the UK.
We remain grateful to our clients and partners for their continued trust and look forward to building on this momentum as the year progresses.