Economy

Strong financials and social responsibility

Veritas plays an important role by importing, marketing, and distributing medicinal products, medical devices, and other products for the Icelandic health care system. Hence, it is crucial for Veritas to keep its financial bolster to be able to cope with economic fluctuations and crisis as those experienced by the Icelandic society in recent years. Veritas earnings have been constantly increasing throughout the years, reaching ISK 29.5 billion in 2022. At the same time, Veritas strong financial position has also improved. Veritas assets were ISK 11,5 billion, stockholder's equity ISK 4,3 billion, and equity ration 37% by end of 2022. Therefore, Veritas is a good shape to perform the important role our group of companies play in catering to the needs of the Icelandic health care system.