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Iceland Foods posts £2.6bn sales Friday, 22nd June 2012
Image courtesy of Iceland Foods
Iceland Foods has posted sales of £2.61 billion in the 53 weeks to 30 March, a 9.4 per cent improvement on the previous year’s figures.
Net profit before tax, including exceptional items, was up 18.5 per cent at £184.3 and EBITDA was 22.5 per cent higher at £230.2 million.
The frozen foods retailer also opened 18 new stores in the period, creating around 1,000 jobs, and taking its total portfolio to 814 sites.
Chairman and chief executive Malcolm Walker said: “Our strategic priorities remain unchanged. The key benchmarks for Iceland will not be short term performance but satisfying our customers by continuing to offer great value, maintaining the quality of our products, keeping up the pace of innovation and providing great service by well rewarded and highly motivated colleagues.
“We will also make our products available to more customers through continued expansion of our store network in the UK and by exploring opportunities for further development of our offer overseas, with the support of our new investors.”