| Rank | Name | Time | ||
|---|---|---|---|---|
| 1 | Sigmar B | 44.4 km/h | 430 W | 58s |
| 2 | Björn Jónsson | 36.2 km/h | 274 W | 1:11 |
| 2 | Guðlaugur Egilsson | 36.2 km/h | 265 W | 1:11 |
| 4 | Ari G | 35.7 km/h | 407 W | 1:12 |
| 5 | Ragnar Þórisson | 34.8 km/h | 516 W | 1:14 |
| 6 | Stefán Reynisson | 34.3 km/h | - | 1:15 |
| 7 | Eyþór Viðarsson | 33.9 km/h | 310 W | 1:16 |
| 7 | Elmar Gunnarsson | 33.9 km/h | 316 W | 1:16 |
| 7 | Sigurkarl Gústavsson | 33.9 km/h | - | 1:16 |
| 10 | Kristinn Már Hjaltason | 33.4 km/h | - | 1:17 |
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