Brief: Iceland Seafood Revises Outlook

Iceland Seafood Internat hf

08/08/2022 10:34

Aug 8 (Reuters) - Iceland Seafood Internation hf
 ICESEA.IC :
    * OUTLOOK RANGE FOR 2022 NORMALISED PBT REVISED TO
€9.0-14.0M
    * DRAFT RESULTS OF ICELAND SEAFOOD INTERNATIONAL INTERIM
ACCOUNTS
FOR 1H 2022 INDICATE A LOSS BEFORE TAX OF EUR 1.8M
    * PERFORMANCE OF IRISH OPERATION IS EXPECTED TO BE BACK TO
NORMAL
LEVELS FROM Q3 2022
    * BASED ON REVISED BUSINESS FORECASTS FOR REMINDER OF YEAR
AND
ESPECIALLY SITUATION IN UK, OUTLOOK RANGE FOR NORMALISED PBT IS
NOW AMENDED TO EUR 9.0 - 14.0M, FROM PREVIOUS OUTLOOK RANGE OF
EUR 11.0-16.0M
    * BASED ON CURRENT OUTLOOK IT IS EXPECTED THAT UK OPERATION
WILL
BE LOSS MAKING DURING 2H 2022, BUT THAT BREAKEVEN LEVEL WILL BE
REACHED IN 1H 2023

Source text for Eikon:  ID:nGNEmJ04L 
Further company coverage:  ICESEA.IC 

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