Norvik dates back to 1962 when BYKO hf was founded.

The Group has its headquarters in Reykjavik, Iceland and has two main lines of operations:

  • Retail in Iceland.
  • Timber industries and logistics facilities and services across Europe.

Retail in Iceland

BYKO Building Materials:

  • The largest building material and DIY supplier in Iceland.
  • DIY stores, timber yards and equipment rental shops at various locations throughout Iceland.

Norvik Timber Industries

Geographic operations in Latvia, Estonia, Russia, United Kingdom and Sweden.

BYKO-LAT in Valmiera and CED in Cesis, Latvia as well as LAESTI in Parnu, Estonia:

  • Leading producers of sawn and planed timber as well as garden elements, garden furniture and house elements.
  • BYKO-LAT also runs 2 sawmills in Parnu, Estonia, with the brand name LAESTI.

VIKA WOOD in Talsi, Latvia:

  • Largest sawmill in Latvia with an annual production of about 280.000 m3 of sawn Pine and Spruce.

NORWOOD in Syktyvkar, Komi Republic, Russia:

  • Timber harvesting, sawmilling, trading operations and logistics.

CONTINENTAL WOOD , United Kingdom:

  • Importers of timber and associated timber products into the UK.
  • Sister company “NORVIK SHIPPING“ owns and operates port and ships‘ agency facilities and services from Baltic Wharf, Creeksea, as well as shipping and logistic services into, from and around the coast of the UK.



CEO Managing Director Board of Directors
Jón Helgi Guðmundsson Brynja Halldórsdóttir

Jón Helgi Guðmundsson, Chairman

Guðmundur H. Jónsson

Iðunn Jónsdóttir

Steinunn Jónsdóttir

Þórður Magnússon