Andy Schmid's team delivered another good performance and challenged Iceland, with Felix Aelllen and Lukas Laube leading the charge.
The pressure was on Iceland as they knew a win would leave them in a good position in the open race for the semi-finals, but they struggled to get their their game going against a well-organized Swiss outfit.
Iceland finally grabbed an equaliser (38-38) after scoring on an empty net, as playing without a goalkeeper proved fatal for Switzerland.
Both sides had their chances for a win, in the end Iceland through Viggó Kristjánsson, but Samuel Röthlisberger blocked the shot on the buzzer
Noam Leopold and Gino Steenaerts rose to the occasion, netting seven and six goals, respectively, for Switzerland; Elliði Viðarsson and Viggó Kristjánsson were crucial in the closing moments for Iceland, ultimately netting eight and seven times
Ómar Ingi Magnússon added three more goals, lifting his EHF EURO total to 111 and breaking into Iceland’s all-time top five scorers.