Iceland Seafood International hf.

Æggeður hlutavar og aðri er fundagjast til. Ég býð velkomin hérna á þennan uppgjórsfund Æsland Seafood þar sem ég ætla að fari við uppgjór okkar fyrir fyrstu sexmáni ásins 2020 og svona það helsta sem við höfum verið að horfa til í því. Well, I'm going to start again here, just a little bit about where the club is built. We are in Argentina, where we have ice hockey games, we are in southern Europe, in Spain, otherwise we are in Madrid, with Reikus, and then we are in Barcelona, where we have ice hockey games, and Pökkun, and so on. Well, We are with Vesmíður in Iceland, in Dublin, where we are working on salmon and several other things, and then we are with Söljósgrefstogur here in Iceland, in Switzerland and in France. It is said that the organization of the club, the group that keeps the group in place, is unchanged from the latest findings. Then there is the environment that we are working in. The climate we have been in for the past month, we can say for the past 12 months, and you can see it well here on the picture to the right, it has been very pleasant to be in Þórski and it has been pleasant to be on all sides of Iceland. I'll come back to that later, but the description of this is shown here on the graph to the left, which shows the production of seafood from the international market at home, and that is simply the bottom line. Laksa verðið bæði í höfu verið i öknum mæli að selja laks. Það sem við erum að stjónast okkar visskipt að vinni með hann. In Dublin, the highest place in the world is salmon. There you can see the salmon species, 26. That is the brown line you can see here. You can see that it looks like what it was last year. We know that August started last year, but August was last year. We can say that the salmon industry has been in some places over the last year, and it is similar to the last year, but after a while it has become as if it has been up to a very high level of value in the salmon industry, so they have not at all gone after it. Here you can see the presentation of the stock as it is today. And that is perhaps in the year 2026. And there is perhaps the table to the right, where it says Total Supply, 2026, 640,000 tons. It is quite remarkable for these numbers that there is Iceland with 240,000 tons of stock. Það held ég að ég geti sagt að It was done in 2025, but I think it hasn't happened yet, because Norway and Iceland have always been much bigger than we are here. This is because they have been the only partners, also with these places that come up in the future, Minni minna framboði og minni kvóta úr bæringsafnur, þá höfðu við orðið mun sterkar út á markanum, Íslenski framleiðendur og Íslensku sjáarútök. Það er minnst til skemmri tíma, eru þessa verðhættahekkani mjög jákvæða fyrir Íslenska sjáarútök, en það er ansi hráðar og það eru líka til þess að markaðri munni minka, This could make it more difficult for us when the price increases again. Because this main business will inevitably have an impact on the economy of our local companies and we will see that when it starts to happen. Here I have a picture of food inflation as it is in most of our countries and that is here in Europe and that is in the US, not in the EU. This is food inflation in the United Kingdom and then it is in the Netherlands and there is simply hf. hf. hf. hf. hf. I found myself in Fjárharskafla. This is where our first meeting took place. In Southern Europe, which is a partner of Argentina and our partner in Spain and Italy and so on. And the first is the Iberica Group, which is very large in the region, Saltfish in Southern Europe, and is just a big player in that market. They are probably around 8% in sales, with a margin of less than 10%. And that's where the focus is, first and foremost, on the memory. That's the memory of Þossala. And that's where the value, as I mentioned earlier, has an impact. Now, then we are with our partner in Argentina. I have to say that in the Argentinian region, there we have developed There is a 21% increase in the amount of meat. But after it was sold out, and that was due to the fact that, as all of us wondered, during the year in Argentina, the rye flourished and declined, as sometimes happens when the climate changes. Then the harvest from the natural resources will not go into the most expensive packaging and into the most expensive market. That is the situation at this time and we have to deal with this a bit this year. Our company in Madrid, Ahumados Domínguez, had a sales of 5% in sales and 10% in sales. That is very important. We sell it on our website. In the food service market, the food service market, but mostly in the supermarket market. Now, the economy in Southern Europe, it was almost the same as before, and the total of the last year, this number was almost the same, 53 million in 2014, but is almost the same in the first six months. Over the first six months, Iberica, a member of Barcelona, made 3.9 million euros. In total, 2.6 million euros at the same time last year. Atzenar, a member of Argentina, had a loss of 620,000 euros, which is just a sweep, and that was last year at the same time. Þetta er aðeins vonbriðið. Við ætlum að ná meiru þarna en vonandi ná eða bæta uppluta því í høyst. But we ended up in December last year, which I think I mentioned when I mentioned that it was getting worse in the West. So the future in January and February was not what we had hoped for at all, despite the fact that this co-operation between the two countries was as I mentioned earlier, not quite as we had hoped for it to be. Now, the next course is our trip to Madrid. Það var með tap upp á 143.000 eurur fyrstu sex mánina. Þá móti hagnað upp á 156.000 eurur á sama tími fyrra. Hlutað þessu tap eða leiðrætting frá fyrri árum. There is a list of them, but we can say that if we look at this festival, then this is the worst time of the year for the festival. This is the Laksasala in Lámalki, and we are very happy with this event there, and we are very happy that they have been able to raise funds. Now, after the four festivals, we have two ships there in the last year, Úgjörg was founded in June this summer. At the time, it was lost for six months. It was lost for €230,000. But Úgjörg, this ship, is now more in stock than it was in July and August, and hopefully in September. But the market was very small in June. We went to the store in June, and the market was very small. It has been open until the end of July and now until August, but it is still closed now. So it is out of the question for the time frame to be longer than we were expecting. Then there is Northern Europe, which is our capital in Ireland. There we have increased our income, both in jobs and in money. Despite the fact that we are trying to reduce the quality of the fish, we have to say that the fish from Ísú and the rest of Þáttatjóðundur is to be reduced from what we have. But as you can see in the picture to the left, next to it, there is salmon. We are just increasing the amount of magnet that we are selling the salmon with. And all the increase is in the salmon. Nú afkoman, þrátt fyrir þessu ökningu í Sölu, þá erum við bara að halda sjó í marginunni, nettmarginunni og hagnaði og erum rauðan á samastað og í fyrra. Þarna hefur kvítfiskurinn þessi hækkun á verðónum í kvítfiski verið erfið fyrir okkur. Við þurfum að koma þeim inn í verðið til súbemarkan og það tekur alltaf tíma. Then we have the sales departments both in Iceland, France and Switzerland. There the sales were up 31% in sales and 33% in sales. Þetta skýrist nær engöngu af sölu á loðnöðafurum í vettur og sölu á síld. Mæri sölu á síld en áriði fyrra. Þannig að þetta, ég er þokkalið ánæg með starfseminárna við verðum samt fyrir óhafið sem ég vil benda á að kemur fram í tekstanum þarna hæra með einn. Það er að segja við töpum kröfu, færum njög kröfu í Fraklandi, upp á hálfa milljón evra. Þannig að það er í sjálf og sér einskiptiskostnadur og við metum hana þannig að hún sér töpuð og regnum ekki með henne, þannig að við afskræfum hana jafnfullu. Og þetta er bara að krafa á eiskiptavinn sem við metum ekki greusluhævan. Þann er að ef að þetta hefði ekki komið til þá hefði ebitan og hagnaðurinn verið á línu við það sem var í fyrra. Þannig að þetta er það sem er þetta neikvæðað við reksturinn þarna annars held ég að ég geti bara sagt að það har gengið mjög vel. Síðan er það heldinn Þar eru vi með, má segja, að sálan eru upp fyrsta hálfa, helmi, fyrstu sexmánið þess ás, upp um 16,8% og magnum 12,6%. Þetta skýrðist, en svo hei nefnt, áðurökningu í loðnu og síld, hf. hf. hf. hf. hf. All months start in April and there is a figure that is often mentioned that Easter was before in 2006 but in 2005 and that is the first figure since April is now in the same order as before. Páskatni skiptu okkur mittlumálið, þegar fastan byrjar fyrir páska. Þá er yfirleitt mikið sala. Nú, ebitan er hérna, er hér okkur 8,3 miljónir, sem er lækkun fráið í fyrra, upp á 0,9. Þannig að mótið kemur að 12 mánu, trailing ebitan fyrir 12 mánu hérna, Hún er 21,9 ám áti 20,3 í fyrfa. Þannig að það er aðeins að hérra. En enn á aftur, sko, þessa er afskriftir sem við verðum fyrir í þarna. En svo, ja, um að dórsa, nú ekki nema 100 ásund, en í Franklandi, það hefði nánast kift ebiten upp á sama stað og í fyrfa. Nú, Þetta lagsaverðið, eins og það hefur þróast á árunni, er að hjálpa okkur með afkominna eins og í Madrid og Ílandi líka, en þó að þetta er síðan aðeinshæra lagsaverðið niður fyrir. Þannig að hérna erum við með fyrsta helmingin fyrir ári í heilsinni. Kannski að nefna eitt annað fjármarskostnagerinn, Hanne nýður hjá okkur á áraunu við fyrstu sexmánu inn í fyrra og það skýrðist að hluta til að vendu fjármagnuninn sem við fórum í jóníi fyrra. Nú síðan er að efna þessu reikningurinn og að mínu viti er bara fjellagi ákjellagi fjármagnað. Við erum með þarna langtíma lang. Við höfum verið að fjárfeist í Argentínu eins og við komum fram And we have a four-fifth, which is usually a four-fifth in the province. But as the state is today, after six months, there is net debt against EBITDA. That is 4.8, but it was 4.6 in the past. And then we will have to do something about it. And then we will have to do something about it. And then we will have to do something about it. And then we will have to do something about it. June 26th, 89 million euros, that was 79 million years ago. And then we have the exchange rate of 67.7, but it is expected to be years ago. So the increase, even if it is less than a ton in the beginning, there will be a lot more heat out of this huge heat wave, especially in the summer. Sýðan er að átlúkið og í stuttum álið þá hölltu við átlúkinu sem við höfum gefið út. Það er að segja með 11,5 til 13,5 miljon efra. Og eins og gerist nu eftir sjáarútið, þá hefur sumið að drýra ekstra innum innan grúpunar fara á verri veginn og önnur á betri veginn. And so, as I have mentioned as a representative, Laxha is in Hagsdætt, and we are discussing how that should be done. Þorskverðin is discussing a lot of issues, how that should be done, six months later. And after I have mentioned negative, I want to see more, more, more results from Argentina. But that's always the case. But we keep the same, we don't always put it out in the open air. So we don't keep it. Other than that, it wasn't. Then the question is, what do you say about some of the questions? There is one question.

Yes, the Rækibáttan in Argentina, as you said, the impact of the four seasons has come forward in the third year. What are the implications of the impact on the future of the company?

When we made the decision, we were with the organization of these two companies, within the organization that we were with there, And we can just say that we were expecting a weight of some 1400 tons on these two boats. But I think I can say that they won't be able to do that. We were climbing the cars and we were climbing the birches, of course, because the weather was getting worse, so we had to To live at undi thi, það kemur alveg í sig í ljósvinn í september, eða lókseptember. En, eins og útlitið að núna þá varum við undir í, en, sko, en við erum, við skulle, ég vandi þess að verði aðri, ja, hvað er það eitthil sem hafa áhrif á afkominna sem kom á mótiði. En, Stuttarsvar er að það. Það var inn í átlokjunu og það hefur gáðan á rækstöð þeirra. Fleiri spurningar?

Ja, það er hérna einn önnur og hún hljómar svona. Gefur lágt hlutabríðaverð ekki tækifæri til að hefja hólega endurkaupa á allin?

Ja, ég... Hvernig hlutabríðaverð er lágt? Þegar hátt ég er svo sum... I don't know about that, but it hasn't been taken into account that I'm going to buy or something like that. But I can just say that we have received several requests about it. And I see that the government needs to take the opportunity to answer them. I hope this answers the question, but it hasn't been taken into account that I'm going to buy it. Thank you very much.