Main Market Listing and Offering of New Shares
ISI
ICELAND
SEAFOOD
October 2019
Main Market Listing and
Offering of new shares
Strong profit growth driven by
value added activities
Increased focused on value added activities
•
In 2016 value added activities accounted for EUR 76m or about 31% of
total revenue
Increased focus on value added activities a
driver of increased margins and PBT
• PBT is expected to have more than tripled at year-end compared to 2016
with the margin doubling at the same time. This development is
expected to continue with PBT growing to EUR 20m in the next 3-5 years
• In 2019 value added activities are expected to account for about EUR
•
261m or about 59% of total revenue
This reflects the group management's increased focus on value added
activities
Revenue by segments (EURM)
Profit before tax - PBT (EURM)
500
12
10
3.5%
11.0-11.8
3.0%
400
2.5%
2.6%
2.5%
300
248
261
163
88
2.1%
2.0%
6
10.9
200
76
85
1.5%
1.3%
1.4%
4
7.2
1.0%
100
171
165
183
183
185
2
3.3
3.5
0.5%
0
0
0.0%
2016
2017
2018
2018P
2019E
2016
■Sales & Distribution (S&D)
■Value Added (VA)
2017
2018
2018P
PBT*
PBT margin*
2019E
*Normalized PBT represents profits before tax before allowing for significant items and discontinued operations.
2018P (proforma) based upon 2018 actuals as Oceanpath and Solo Seafood were owned for the full yearView entire presentation