| Rank | Name | Time | ||
|---|---|---|---|---|
| 1 | Ragnar Þórisson | 59.3 km/h | 759 W | 25s |
| 2 | Kristján Oddur Guðmundsson | 54.9 km/h | 797 W | 27s |
| 3 | Stefán Haukur Erlingsson | 52.9 km/h | 736 W | 28s |
| 3 | Gudmundur B Fridriksson | 52.9 km/h | 761 W | 28s |
| 5 | Nils N | 51.1 km/h | 610 W | 29s |
| 5 | Gunnlaugur Þráinsson | 51.1 km/h | 415 W | 29s |
| 5 | Pétur Árnason | 51.1 km/h | 483 W | 29s |
| 5 | Þorfinnur Eggertsson | 51.1 km/h | 883 W | 29s |
| 9 | Sigurdur Hansen | 49.4 km/h | 436 W | 30s |
| 9 | Jakob R | 49.4 km/h | 628 W | 30s |
| 9 | Viktor G | 49.4 km/h | 486 W | 30s |
| 9 | Ragnar Magnússon | 49.4 km/h | 505 W | 30s |
| 9 | Ingvar Haukur G | 49.4 km/h | 466 W | 30s |
| 9 | Fjalar Johannsson | 49.4 km/h | 488 W | 30s |
| 9 | Elías Kristjánsson | 49.4 km/h | - | 30s |
| 9 | Haraldur Lindal | 49.4 km/h | - | 30s |
| 9 | Sæmundur G | 49.4 km/h | 365 W | 30s |
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