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
Grieg Seafood Installs SUB-CHILLING™ System from Skaginn 3X
NFI's Future Leaders Volunteer at Food Bank with SeaShare
Wild Alaska Salmon: A Prized Healthy & High Quality Lean Protein Source
American Seafoods Names New CEO
Chicken of the Sea Will Reward Americans for Eating More Seafood in the New Year
DSM President Hugh Welsh Named Board Chairman of SNP
GAA Upgrades Online Presence With Launch Of Portal
Shore Sets New Organisation Structure
GeneSeas Aquacultura's New Facility Receives BAP Certification
Premium Aquaculture and Gourmet Seafood Producer
The Future of Fish Farming
Sea Lice Laser Company Obtains Fresh Capital
Simply Pure Salmon
Kiribati First Tuna Plant Starts Coop With Pacifical
Glud & Marstrand Presents Conical Hansa Can
PITIA Launches New Website
Orkla Foods Sweden Now Carrying MSC Certified Pacifical Tuna
Epicore BioNetworks Inc. Reports First Quarter Results for Fiscal Year 2017
New Global Energy Receives USDA National Organic Program Certification
SUBWAY becomes a Member of the International Pole & Line Foundation
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
Sweden considers other measures to address the issue of American lobsters
United States The Swedish government is working on a new proposal to address the problem of the appearance of American lobsters in Swedish waters, in the face of the European Union's refusal to impose a ban on the importation of these crustaceans from the US and Canada.
Tanner crab season canceled in Alaska
United States The Alaska Board of Fisheries finally decided not to open commercial tanner crab (Chionoecetes bairdi and C. opilio) fishery in the Bering Sea this season, after the last attempt to allow a limited catch failed.
Seafood company launches e-commerce site
India Seafood company WestCoast Group has launched a fish e-commerce portal through which it will deliver quality products to customers living in Mumbai.
Seafarms claims not to have been affected by white spot outbreak
Australia Seafarms Group Limited reported that its total shrimp production in Queensland grew by about 24 percent in 2016 to 1,728 tonnes and said the outbreak of the white spot south of Brisbane has not affected its operations.
 
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
Nueva Pescanova, S.L. - Group Headquarters
Sea Harvest Corporation (PTY) Ltd.
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.
Food Project (Siam) Co., 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. -Headquarter-
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  -Holding Headquarter-
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
Ocean Trawlers Group - Ocean Trawlers HK Ltd.
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 - 2017 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER