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Icelandic Group CEO blames ready meal business, high salmon prices for dive in processing profits

A dip in profit from its processing activities on increased turnover was caused by problems in soon-to-be-exited UK ready meal business, as well as high salmon prices, says CEO

By Tom Seaman | April 30, 2014 10:45 BST
Icelandic Group CEO steps down; successor appointed
Magnus Bjarnason has stood down as CEO of Icelandic Group.
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Icelandic Group’s CEO cites a tough year with its Marks and Spencer-focused ready meal business, as well as high salmon prices, as the main reasons for the decline in profitability for its processing operations [...]

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