ISI posts H1 loss, says UK business stabilization will take longer than expected

Rapid price increases seen across all its business areas has Iceland Seafood International (ISI) expecting to post a H1 2022 loss before tax of EUR 1.8 million (USD 1.8 million).

In its draft results statement for the six-month period spanning January to June 2022, the Reykjavik, Iceland-headquartered seafood firm said its Northern European value-added business has been especially impacted by price increases, as it mostly relies on sales to retail customers – where it takes more time to pass on price increases to customers than in foodservice …

Photo courtesy of Iceland Seafood International