Main Market Listing and Offering of New Shares
ISI
ICELAND
SEAFOOD
October 2019
Main Market Listing and
Offering of new shares
Key projects to further drive
growth and efficiency
Merger of Icelandic
Iberica and IS Spain
Investment in
Achernar, Argentina
Opportunities for
automation
•
Magnús Jonsson appointed as MD
for the merged entity and new
management team formed
•
Significant
opportunities
of
economies of scale and
scope,
integration and optimization
of
functions and processes
•
Estimated annual synergies of EUR
3.0-3.5m, expected to materialize in
full before 2021
In 1H 2019, the board approved an
investment project for Achernar
• The new building will consist of a
coldstore and a new production area
•
Investment will increase production.
capacity by ca. 50%, secure storage
space, make logistics more efficient
and improve quality controls
Total investment in the range of
€1.3-1.6m
•
The company has and will continue
to seek opportunities for enhanced
automation and efficiency in its
operations
In 2019 Oceanpath's fresh fish
production facility was extended by
1,258m2 and a Marel salmon filleting.
line was installed
Automation opportunities of all sizes
are regularly being assessed and
prioritized within the GroupView entire presentation