Iceland Seafood International hf: Unprecedented cost increases and high volatility severely impacted Iceland Seafood s operation in 2022
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Iceland Seafood International hf: Positive results in Q3
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Net margin for Q1 2021: €10.9m, up €1.2m from Q1 2020
Normalised profit before tax in Q1 2021: €3.7m, up €0.8m from Q1 2020
Net profit for Q1 2021: €2.7m compared to €1.9m in Q1 2020
Basic earning per share (EPS) for Q1 2021 were €0.1017 cents per thousand shares compared to €0.0722 cents per thousand shares for Q1 2020
Balance sheet reflecting seasonally high inventories in S-Europe and increased receivables due to strong sales in March. Total assets of €261.5m at end of March
LOI signed to acquire a 80% stake in Ahumados Dominguez in Spain
Normalised PBT Outlook range of €12.0-17.0m for 2021, based on a scenario that sales and profitability will resume to normal conditions in second half of 2021