Iceland Foods has just announced the results for the 52 weeks ended 28 March 2014 with group turnover showing a 2.7% rise.
Group turnover for the period was £2,710.6m (2013: £2,639.5m in a comparable 52
week period), an increase of 2.7%. Like-for-like sales for the year were flat and adjusted EBITDA was £202.2m (2013: £226.3m).
During the period, Iceland opened 46 new stores in the UK, making a net addition
of 43 stores after three closures and ended the year with 833 stores (2013: 790).
Including International, the firm ended the year with 844 stores (2013: 793).
Iceland began trials of a new online food shopping service in May 2013 and by the end of the year Iceland’s total delivered sales were averaging over 200,000 per week.
During the year, the company expect to open up to 40 new Iceland stores in the UK, creating up to 1,250 jobs, and to complete the rollout of the online service nationwide.
Iceland Chairman & Chief Executive Malcolm Walker CBE commented, 'This has been a year of major investment for Iceland both at home and overseas.
'In the UK we accelerated our expansion programme with the opening of 46 new stores
and also rolled out our online shopping offer to 280 stores.
Overseas we began to serve important new export markets in South Africa and the Middle East, acquired the formerly franchised Iceland stores in the Republic of Ireland and opened two additional stores in the Czech Republic. We were also delighted to regain our title as
the “Best Big Company To Work For in the UK”.