Investor Presentaiton
ISI
ICELAND
SEAFOOD
Q1 2020 Results
Presentation to Investors
and Analysts
Outlook for 2020
•
Current estimate of full year
Normalised PBT at €6.0-9.0m
Results in Q2 will be
significantly impacted by the
situation.
Outlook scenario expecting
sales to start recover in Q3 and
to be on track with original
outlook in Q4
Uncertainty remains significant
on development of the
pandemic and for how long
sales and profitability will be
impacted by the situation.
The Group will communicate
further on the matter and
provide updates as appropriate
in the coming months.
Outlook range will be narrowed
as less ambiguity will be on the
development.
Outlook range of Normalised PBT €6.0-9.0m.
Uncertainty remains significant on Covid19
impact
Uncertainty
Covid19 is causing a significant
uncertainty on the Group sales
and profitability during this
year
Group results are also
influenced by other external
factors such as:
i. Fishing and quota changes as well
as price development and our ability
to pass on price changes in key
markets
ii. Changes in underlying global
economic conditions, currency
rates, import duty rates,
competition and consumer
behaviors all generate uncertainty
iii. Among these uncertainties are
Brexit, USA related tariffs and
political uncertainty in Argentina
*Normalised PBT represents Profits before tax before allowing for significant items
and discontinued operations
•
Focus and growth
·
Actions have been taken to
secure funding and liquidity of
the Group in the current situation.
New long-term funding of €17m
with banks in Spain.
Focus on projects to drive
synergies and organic growth
within our value-added activities
At the same time leverage the
Group's strong position and act
on opportunities that come up in
the situation, both with regards to
short term opportunities related
to sourcing and marketing and
longer-term strategic
opportunities.
Full year
Normalised PBT* (m's)
11,3
10,8
3,5
3,3
2,9
1,7
1,3
1,0
0,8
7,4
9,0
6,0
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