iceland, iceland foods ltd
TRANSCRIPT
The company was founded in 1970 and is based inFlintshire, United Kingdom.
Iceland Foods Ltd (trading as Iceland) is aBritish supermarket chain, with emphasis on the sale offrozen foods, including prepared meals and vegetables.
They also sell non-frozen grocery items such as produce,meat, dairy, and dry goods.
The company has an approximate 1.8% share of the UKfood market.
It exports products to southern Africa and the Middle East,as well as provides store franchise options in Spain,Portugal, the Channel Islands, Isle of Man, and Libya. Italso sells its products online.
2011 2012 2013 2014 2015
Cash£59,995,00
0£68,195,000
£119,176,000
£147,213,000£161,935,000
Net Worth£240,860,000
£364,657,000£516,85
7,000 £656,381,000 £709,630,000
Total Current Assets
£224,278,000
£249,212,000£276,50
9,000 £333,536,000 £342,439,000
Total Current Liabilities
£355,452,000
£388,566,000£405,74
4,000 £432,244,000 £480,031,000
Sales £2.697 billion (2015) Adjusted EBITDA* £150.2m Strong cash flow maintained: inflow £189.3m Cash balances increased to £163.6m (2014: £152.1m) 28 net new stores opened in UK and Republic of Ireland New Food Warehouse store concept created and six stores opened Online shopping service rolled out nationwide in UK £1.3m raised for good causes through Iceland Foods Charitable
Foundation In Top 10 “Best Big Companies To Work For” for fifth year Major programme of product innovation and rebranding underway New “Power of Frozen” advertising campaign launched Up to 20 new stores planned for current year
GO PUBLIC1984 Expanding through new store openings and the acquisition of smaller chains,Iceland had 81 stores by 1984, when it became a public company through one of themost successful flotations ever seen on the London Stock Exchange. The initialpublic offering of just £8 million worth of shares brought in applications withcheques totalling over £900 million, making it an amazing 113 timesoversubscribed.
The Dark Ages2001 Into this management vacuum stepped new chief executive Bill Grimsey, who had builthis City reputation at the Wickes DIY chain following the departure of its previousmanagement team as the result of a financial scandal. Within weeks of joining Iceland, he andhis new finance director Bill Hoskins – also from Wickes – claimed to have identified massiveproblems. These plunged the business into a £120 million loss after an amazing £145 million ofexceptional items – an extraordinary reversal of fortunes for a group operating in inherentlystable industries, which had recorded a profit of £32 million in the first six months of thatfinancial year.
A New Beginning (Public company to private company)
In February 2005 The Big Food Group’s shareholders accepted a recommendedoffer from a consortium of investors that made it a private company once more.Shareholders received only a fraction of the value the business had enjoyed on thestock market at its peak.
http://about.iceland.co.uk/_assets/files/BBC_radio_4.pdf
http://about.iceland.co.uk/abouticeland/iceland-operating-profit
http://www.referenceforbusiness.com/history2/83/Iceland-Group-plc.html
investors.iceland.co.uk www.londonstockexchange.com/home/hom
epage. uk.finance.yahoo.com