About Icelandic Group
- Over seventy years of expertise in fisheries
- One of the five largest seafood companies in Europe and one of the ten largest worldwide
- Uniquely positioned in the seafood sector, with its international network of production and marketing companies in Europe, North America and Asia
- Offers a wide variety of fresh, chilled and frozen seafood products and services on a global scale
- Core business is focused on value added processing of seafood for retail and food service
- Global customer relationships into retail and food service
- Annual turnover of EUR 1bn and EBITDA of EUR 42m in 2010 About 3,700 employees worldwide
Successful Operational Turnaround
- An era of acquisition-driven growth and little integration led to overweight structure of inefficient and often uprofitable entities
- Key steps in restructuring included shifting focus to margins rather than sales and thereby improving EBITDA; improving inventory turnover; increased productivity by reducing staff; and, selling or closing unprofitable businesses
Key Figures 2010
| 2009 | 2010 | |
| Total sales, EURm | 997 | 1,000 |
| EBITDA, % | 4.6 | 4.2 |
| Operating profit, EURm | 28.1 | 25.6 |
| Profit before tax, EURm | 12.4 | 15.5 |
| Return on equity, % | 4.3 | 3.9 |
International Platform
Employees by entity
Global Customer Relationships
As a major supplier to many of the top supermarket groups in Europe, Icelandic Group has obtained a deep, category led, understanding of retail markets for seafood
Walmart, Tesco, Aldi, MarksSpencer, Carrefour, Sainsbury, Lidl, Morrisons, Costco etc.