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Iglo Group increases sales despite ‘challenging’ market

UNITED KINGDOM
Friday, November 28, 2014, 04:10 (GMT + 9)

Europe’s leading frozen foods business Iglo Group reported net sales 2.7 per cent increase year-on-year in the third quarter 2014 and an EBITDA growth by 9.7 per cent year-on-year. The group highlighted it achieved these results despite the ‘tough’ market conditions that continue to impact the sector with consumer spending under pressure across all European markets. As a consequence of this situation, the frozen foods category declined by 0.4 per cent in the third quarter. Nevertheless, the Group’s chief executive Elio Leoni Sceti pointed out: "Against this background, Iglo has delivered value share growth in 8 out of 11 markets. We have invested in our new campaign to support not only the core but also to drive the launch of our new innovations”. Despite the decline in the frozen product market, Iglo deems it “encouraging”... FULL STORY

Sri Lanka
Russia gives the green light to Sri Lankan seafood exporters
Nov 28, 01:00
Several Sri Lankan fish exporting companies have been granted approval to export seafood products to the Russi... FULL STORY
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Experts assess eel aquaculture development
Nov 27, 23:50
More than 30 marine science experts and industry leaders from the US and around the world gathered recently at... FULL STORY
Chile
Blumar records strong growth in third quarter
Nov 27, 23:40
In the third quarter, the company Blumar SA obtained consolidated operating revenues for USD 99.8 million, rep... FULL STORY
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Mote Marine Laboratory sells sturgeon and caviar business
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Marine science organization Mote Marine Laboratory has sold its Siberian sturgeon and caviar production operat... FULL STORY

Peru
Artisanal and small scale squid fishery to be strengthened
Nov 28, 03:40
The Ministry of Production (PRODUCE) prepublished legislation approving the rules for the formalization, adaptation and consolidation of artisanal and... FULL STORY

Argentina
Golden kingklip is still in 'danger zone'
Nov 28, 03:00
A research on the current golden kingklip (Genypterus blacodes) situation conducted by National Institute for Fisheries Research and Development (INID... FULL STORY

Australia
Management plan fosters sustainable growth of lock lobster fishery
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A new plan for the South Australian Northern Zone Rock Lobster Fishery will set the scene for sustainable operations of the AUD 15.6 million (USD 13.3... FULL STORY
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Nov 28, 06:20 (GMT + 9):
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Nov 27, 01:40 (GMT + 9):
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