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ISI sees eased lockdowns contribute to better Q3 sales, but margins still low

Third-quarter turnover was down only slightly year-on-year, but earnings were down 50%, thanks to price reductions and increased complexity of supply chains

By Neil Ramsden | Nov. 19, 2020 09:50 GMT
Bjarni Armannsson Iceland Seafood International CEO
Bjarni Armannsson, Iceland Seafood International CEO.
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Iceland Seafood International (ISI) saw retail sales remain strong, while an easing of COVID-19 lockdown restrictions helped sales within the foodservice sector, for Q3 [...]

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