Main Market Listing and Offering of New Shares
ISI
ICELAND
SEAFOOD
October 2019
Main Market Listing and
Offering of new shares
Value Added Northern Europe division
•
Close cooperation with retail and
foodservice customers
Iceland Seafood's Value Added N-Europe division has operations in Ireland and the UK through three subsidiaries
Retail focused IS Barraclough,
Foodservice focused IS Havelok, which is a leading seafood supplier to the foodservices sector in the UK
Oceanpath, the largest fresh seafood processor to Irish retailers, and subsidiary Dunn's of Dublin, a producer of fresh and smoked seafood for Irish retailers
The division focuses on value added production of seafood such as hot and cold smoking, breading, filleting and portioning and various ready to eat products.
Example of final product
Joseph Dean
Dunn's
SMOKED
IRISH SALMON
Dunn's
ORGANIC
SMOKED IRISH SALMON
Sales
EUR 000
Retail fresh/smoked
35%
Retail frozen 45%
Key Figures
103,352
97,387
5,203
4,587
56,228
45,109
1,289
48,292
1,485
1,550
20%
2016
2017
2018
Foodservice
Revenues
2018P
Normalised PBT
2019 1HView entire presentation