Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
If you would like to send us an article, contact Margaret Stacey
   


Building on over 70 years of expertise in the Icelandic fisheries, Icelandic Group is today one of the 5 largest seafood companies in Europe

Icelandic Group Reports Stable Turnover In 2010

  (ICELAND, 4/18/2011)

Global processor and trader in seafood Icelandic Group  has released its consolidated financial statements for the year ended 31 December 2010.

• Stable turnover in 2010 of EUR 999.6 million
• EBITDA of EUR 41.9 million or 4.2 percent of sales
• Profit before tax amounted to EUR 15.6 million, up 25 percent compared to EUR 12.4 million in 2009

Icelandic Group has three main business segments; primary processing, value added processing, and sales and marketing

With total sales in 2010 of EUR 999.6 million, Icelandic Group’s international network of production and marketing companies in Europe, North America and Asia continue to deliver stable turnover year on year.

Profit before tax amounted to EUR 15.6 million, up 25 percent compared to EUR 12.4 million in 2009. EBITDA amounted to EUR 41.9 million or 4.2 percent of sales and net profit of EUR 6.1 million is on par with last year.

Icelandic Group is an international network of independent companies

Return on equity was 3.9 percent, compared to 4.3 percent in 2009. With a strong equity ratio of 33 percent, Icelandic Group is well equipped to continue to consolidate and integrate its operations for further value creation.

About Icelandic Group

Building on over 70 years of expertise in the Icelandic fisheries, Icelandic Group is today one of the 5 largest seafood companies in Europe and one of the 10 largest worldwide. Icelandic Group employs approximately 3,700 people worldwide and has an annual turnover of about Euro 1 billion.

Icelandic Group’s core business is focused on value-added processing of seafood, mostly ready meals for retail and food service

Icelandic Group is uniquely positioned in the seafood sector with its international network of independent production and marketing companies in Europe, North America and Asia. Offering a wide variety of fresh, chilled and frozen seafood products and services on a global scale, Icelandic Group’s core business is focused on value-added processing of seafood, mostly ready meals for retail and food service.

Icelandic Group has three main business segments; primary processing, value added processing, and sales and marketing, representing 6 percent, 69 percent and 25 percent of total sales respectively.

On the production side, the Group operates processing plants in the United States, United Kingdom, France, and Germany focused on value added products, in particular for private label products for retail markets and foodservice. The sales and marketing platform is focused on promoting Icelandic branded products on all major markets, most notably in United Kingdom, Spain and Japan. In addition, Icelandic Group is also involved in primary processing of raw material in Iceland, China and Thailand.  

Source: Icelandic Group

Related News

Margaret E.L. Stacey
Editor Companies and Products
[email protected]
www.fis.com


Information of the company:
Address: Borgatún 27
City: Reykjavík
State/ZIP: (560-7800)
Country: Iceland
Phone: +354 560 7800
Fax: +354 562 1252
E-Mail: [email protected]
More about:


Location:

View Larger Map


Approval / Accreditation / Certified / Oversight by...
HACCP  ISO   MSC/Marine Stewardship Council  E.U.  USDA/USDC & FDA  RF (Russia) 



 Print


Click to know how to advertise in FIS
MORE ARTICLES
A Satisfactory Quarter for the SalMar Group
New Zealanders Choose Sustainable Seafood For Future Generations
Lidl UK Becomes First UK-Based Discounter to Join Ocean Disclosure Project
SAPMER Develops its Visual Identity and Confirms its New Strategic Direction
Clean Seas Seafood Limited Launches SensoryFresh
Iceland Seafood International Forms Vertically Integrated European Seafood Powerhouse
Safe-Sea, the First Sunscreen Truly Friend of the Sea
Seamark Launches King Prawn Ready-to-Cook Range
FleXicut Marine to be Installed Aboard HB Grandi
Farmed Seabass and Seabream from Italian Compagnie Ittiche Riunite Awarded Friend of the Sea
New Niche Found at Aquaculture Taiwan Expo & Forum
Lighten Up Menus With The 'Never Been Fried' Range From Young's Foodservice
Italian Manufacturer Calabraittica Obtains Friend of the Sea Certification for Anchovy Fillets
Mosca Presents Stainless-steel Strapping Machines
Sustainable Caribbean Cobia Comes to Seafood Expo Global 2018
First-of-Its-Kind Seafood Champion Finalist Named with FisheryProgress.org Selection
Get Ready for Smarter Processing with Marel at SPG
THAIFEX-World of Food Asia Returns for its 15th Edition
Sustainable Seafood Company Mind Fish Launches Their First Product Line
New Zealand company SeaDragon attains Friend of the Sea certification for Omega-3 fish oil
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
First Copper River salmon arrives at Seattle with high prices
United States The fishery for Copper River king salmon opened in Alaska on Thursday and the first shipment of fish arrived with much fanfare at Sea-Tac Airport, Washington, Friday morning.
Govt to aid sector to restart exports to Saudi Arabia
Myanmar The Myanmar government expressed its intention to join efforts with private seafood factories to restart fish and shrimp exports to Saudi Arabia after the ban imposed by Saudi authorities in April.
Chamber of Deputies approves bill regulating giant squid capture
Chile With a strong support and in front of a wide citizenship attendance, including representatives of the artisanal and industrial fishing sectors, the Room of the House of Representatives approved in general the bill regulating giant squid capture.
Climate change to affect commercial fishermen in the US and Canada
Canada Climate change will force hundreds of ocean fish to shift northwards, disrupting fisheries in the United States and Canada, a Rutgers University-led study reports.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2018 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER