Brief: Iceland Seafood Q4 Profit Before Tax Rises To EUR 4.4 Mln

Iceland Seafood Internat hf

22/02/2022 15:44

Feb 22 (Reuters) - Iceland Seafood Internation hf
 ICESEA.IC :
    * SALES FOR Q4 2021: EUR 147.5M, UP 45% FROM Q4 2020
    * NORMALISED PROFIT BEFORE TAX IN Q4 2021: EUR 4.4M, UP EUR
2.3M
FROM Q4 2020
    * OUTLOOK RANGE FOR NORMALISED PBT EUR 14.0-19.0M FOR YEAR
2022
    * EXCELLENT PERFORMANCE BY VA S-EUROPE DIVISION WAS KEY
DRIVER FOR
RESULTS, WITH SIGNIFICANT SALES GROWTH BETWEEN YEARS AND STRONG
MARGINS FROM ICELANDIC COD PRODUCTS, ARGENTINEAN SHRIMP AND
OTHER PRODUCT CATEGORIES
    * S&D DIVISION ALSO SAW A SIGNIFICANT INCREASE IN BOTH SALES
AND
PROFITABILITY, WHILST RESULTS OF VA N-EUROPE WERE NEGATIVELY
IMPACTED BY A COSTLY AND COMPLEX INTEGRATION PROCESS IN UK.

Source text for Eikon:  ID:nGNEY7z3m 
Further company coverage:  ICESEA.IC 

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