Brief: Iceland Seafood Q1 Results Negatively Impacted By Input Price Increases

Iceland Seafood Internat hf

25/04/2022 12:46

April 25 (Reuters) - Iceland Seafood Internation hf
 ICESEA.IC :
    * Q1 RESULTS OF ICELAND SEAFOOD INTERNATIONAL WERE
NEGATIVELY
IMPACTED BY INPUT PRICE INCREASES IN ALL AREAS DURING THE PERIOD
    * SIGNIFICANT RAPID PRICE INCREASES IN ALL AREAS IMPACTED
RESULTS,
ESPECIALLY IN VALUE ADDED N-EUROPE DIVISION
    * OVERALL PRODUCTION VOLUMES WERE 21% LOWER DURING Q1 2022
THAN
SAME PERIOD LAST YEAR
    * IN VALUE ADDED S-EUROPE DIVISION, RESULTS OF RAWSON SEASON
IN
ARGENTINA WERE NOT AS GOOD AS EXPECTED
    * LOWER FISHING VOLUMES AND UNSTABLE LABOUR ENVIRONMENT IN
ARGENTINA NEGATIVELY IMPACTED RESULTS

Source text for Eikon:  ID:nGNE4xQbRY 
Further company coverage:  ICESEA.IC 

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