Investor Presentaiton
ISI
ICELAND
SEAFOOD
Q1 2020 Results
Presentation to Investors
and Analysts
€ m's
Sales
Net margin
Normalised EBITDA
Good sales growth into UK
and Irish retail
Q1 2019
25.1
•
10% sales growth
from prior year
Q1 2020
27.7
3.0
3.0
1.4
1.5
Normalised PBT*
0.9
1.1
•
* Normalised PBT represents Profits before tax before allowing for significant items
and discontinued operations.
FRYCITY HOMETOWN N
Daily
Chips on
History
patates fil
TO SHUTS
or
"allumettes" is used when the d
are very small and thi
Belgian journalist
that a family ma
Belgium
manusan
cut potatoes in the form of small fish and
Meuse for small fish and frying, especially fried pot
among the poor, but when the river was de teme fries, but
frozen and fishing became hazardous, they "pommes frites fes
Netherlands and is now present
Belgium, in the Meuse valley: "The
inhabitants of Namur, Andenne, and
Dinant, had the custom of fishing in the
put them in a fryer like those here"
recounts that potatoes we
prior to 1680 in what was the
or simply files. The word "puliar
or French
11
28% sales growth into retail in
UK, driven by new listings from
2H 2019. Strong sales in March
after Covid19 restrictions were
put in place,
After strong start of the year
sales to UK foodservice,
dropped significantly in March
due to implementation of
Covid19 restrictions,
Sales in Ireland 9% up on same
period last year. As expected,
sales have remained strong after
Covid19 restrictions were put in
place.
> VA S-Europe
> VA N-Europe
> Sales & Distribution
Slight reduction in
Normalised PBT
Reduced production capacity in
China in beginning of the year,
due to Covid19 impact. Gap in
supply bridged with less cost-
effective solutions from Europe,
High raw material prices in the
first two months of the year,
salmon prices were significantly
higher than last year the first 9
weeks of the year,
From Mid-March, cost related to
implementation of Covid19.
contingency plans had negative
impact on margins,
Reduction in higher margin
foodservice sales in UK, from
mid March. Havelok production
closed down from end of
March.View entire presentation