The club has enjoyed tremendous success in men's volleyball, winning a total of 14 Icelandic Championships since 1974.

The 2012 started off badly, but a mid season turnaround meant that the team made a challenge for promotion, but in the end came in 3rd place.

After another poor start to the 2013 season Páll Einarsson was sacked and was replaced by Serbian Zoran Milkjović.

Following the 2013 season, Zoran Milkjović left the club, and was replaced by Gregg Ryder who had previously been the assistant coach at ÍBV.

[citation needed] Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.