Iceland sales heading for £2.8bn
Deeside-based food retailer Iceland enjoyed a 4.4% increase in sales to £2.792bn in the year to March 25.
EBITDA rose 6.3% to £160.3m and year-end cash balances stood at £193.2m (2016: £164.9m) after £38.8m of bond redemptions.
The company pointed to strengthening of its senior management team, the opening of Iceland Kitchen and its “Power of Frozen” marketing campaign as operational highlights.
Founder and executive chairman Malcolm Walker said: “Like-for-like sales performance improved throughout the year to make... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
