Iceland Seafood International
Iceland Seafood International hf is a Reykjavík-headquartered, Nasdaq Iceland-listed processor and distributor of fresh, frozen, salted, dried, and value-added seafood, selling through seven subsidiaries across six European and South American country markets to foodservice and retail buyers.
- Company typePublic
- Founded1932
- HeadquartersReykjavík, Iceland
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Iceland Seafood International does
Iceland Seafood International hf, founded in 1932 and headquartered in Reykjavík, is a publicly traded (Nasdaq Iceland: ICSEA) worldwide sales, processing, and marketing group for seafood products, offering fresh, frozen, salted, dried, and value-added categories. The group operates through seven wholly owned subsidiaries covering Iceland Seafood Iceland (export), Iceland Seafood Germany (Bremerhaven), Iceland Seafood France (Boulogne Sur-Mer), Iceland Seafood Ibérica (Spain, Italy, Portugal, Greece), Oceanpath (Ireland, three companies with specialized factories), Achernar (Argentinean red shrimp), and Ahumados Domínguez (premium smoked salmon in Spain). It runs 6 value-added factories across 10 businesses in 6 country locations, sourced from Icelandic waters as well as global origins.
Revenue is generated through B2B transaction-fee-based product sales to enterprise foodservice buyers and retail customers across European and select South American markets. Go-to-market relies on direct subsidiary-led sales and recurring participation in major seafood trade shows (Seafood Expo Global, CONXEMAR, Fish International, China Fisheries & Seafood Expo). The customer base is anchored in foodservice distribution and retail (with La Sirena named as an MSC partnership), with no disclosed subscription, SaaS, or tiered pricing—pricing is negotiated per contract on a B2B basis.
FY2025 revenue reached EUR 484.3M (+9% YoY), with net profit surging 164% to EUR 7.4M on all-time high cod prices and improved margins. Q1 2026 sales of EUR 146.0M (+22.4% YoY) and Q1 2026 net margin of EUR 13.2M (vs. EUR 12.4M prior year) extend the momentum. The company has reshaped its portfolio since 2021: it acquired Ahumados Domínguez (2021), divested Iceland Seafood UK to Espersen (2023), appointed a new CEO and CFO (2023–2024), expanded into Argentine red shrimp via Achernar/Thorpesca for $5.8M (2024–2025), signed an offer letter for two freezer trawlers with fishing permits (July 2025), and refinanced EUR 27.6M of short-term debt via a new bond (April 2025).
Iceland Seafood International firmographics
Firmographics- Name
- Iceland Seafood International
- Legal name
- Iceland Seafood International hf
- Website
- https://icelandseafood.com
- Company type
- Public
- Founded year
- 1932
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Iceland Seafood International hf is a Reykjavík-headquartered, Nasdaq Iceland-listed processor and distributor of fresh, frozen, salted, dried, and value-added seafood, selling through seven subsidiaries across six European and South American country markets to foodservice and retail buyers.
- Ownership category
- akta.pro rank
Iceland Seafood International industry classification
Industry- Product category
- Seafood Processing and Distribution
- NAICS
- Seafood Product Preparation and Packaging (31171), Fish and Seafood Merchant Wholesalers (42446)
- SIC
- Prepared Fresh Or Frozen Fish & Seafoods (2092), Food And Kindred Products (2000)
- akta.pro primary industry
- Seafood Wholesale (Fresh & Frozen) (AFAIADAD)
- akta.pro secondary industries
- Primary Seafood Processing (Heading/Gutting/Deheading; Icing) (AFANADAA), Frozen Seafood Meals & Value-Added Seafood (CRADADAG), Smoked, Cured & Salted Seafood (Lox, Kippers, Bacalao) (AFANADAF)
Keywords
Where Iceland Seafood International is headquartered
LocationHeadquarters
- HQ city
- Reykjavík
- HQ country
- Iceland
- HQ region
- Europe
Offices7 records
Markets served
Iceland Seafood International business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Others
Revenue model
- Seafood Product Sales: Core revenue from processing and selling a variety of seafood products including fresh, frozen, salted, dried, and value-added seafood. The company sources from Iceland and global origins, serving retail and foodservice markets across Europe.
- Argentine Red Shrimp Operations: Revenue from the newly expanded Argentine seafrozen shrimp sector through Achernar and Thorpesca subsidiaries, acquired for $5.8 million including fishing permits and vessels.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Iceland Seafood International product offering
Product offeringCore offering
Iceland Seafood International is a worldwide sales, processing, and marketing group for fresh, frozen, salted, dried, and value-added seafood products. The group sources seafood from Iceland and global origins, operates 6 value-added factories across 6 countries through 10 businesses, and supplies foodservice and retail customers across Europe and South America.
Product overview
Iceland Seafood is a worldwide sales, processing, and marketing group offering a variety of fresh, frozen, salted, dried, and value-added seafood products. The company's operations are organized through seven subsidiary/operating companies: Iceland Seafood Iceland (export from Iceland), Iceland Seafood Germany (fresh seafood in Bremerhaven), Iceland Seafood France (seafood from Iceland and global sources), Iceland Seafood Ibérica (Southern European markets), Oceanpath (Irish seafood operations), Achernar (Argentinean Red Shrimp exporter), and Ahumados Domínguez (smoked salmon producer). The group operates 6 value-added factories across 10 businesses in 6 country locations.
Differentiator
Problem solved
Functional benefit
Brands
- Iceland Seafood Iceland: Export of seafood from Iceland to all main markets around the world
- Iceland Seafood Germany
- Iceland Seafood France
- Iceland Seafood Ibérica
- Oceanpath
- Achernar
- Ahumados Domínguez
Products and services
- Fresh Seafood Fresh seafood sourced from Iceland and global origins, supplied to foodservice and retail customers across European markets via local subsidiaries.
- Frozen Seafood Frozen seafood products, including seafrozen Argentine red shrimp, distributed through subsidiary operations across Europe and South America.
- Salted Seafood Salted seafood products offered as part of the company's diversified seafood portfolio for retail and foodservice channels.
- Dried Seafood Dried seafood products supplied as part of Iceland Seafood's traditional product range.
- Value-Added Seafood Processed and value-added seafood products manufactured through Iceland Seafood's 6 value-added factories across Europe, including branded offerings for retail customers.
- Premium Smoked Salmon
Quantifiable outcome
- 164% net profit surge in 2025 driven by high cod prices and improved margins
- +1 more outcomes
Companies that use Iceland Seafood International
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Iceland Seafood International technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Iceland Seafood International partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Espersen A/SminorEspersen A/S acquired 100% of the share capital of Iceland Seafood UK (IS UK) from Iceland Seafood International. This was a divestiture rather than a partnership - the company exited the UK market from a value-added perspective.
Scale indicators13 records
Recent moves6 records
Expansion highlights5 records
Iceland Seafood International competitors and assessment
Company assessmentDirect peers
- High Liner Foods: North American frozen seafood processor and marketer supplying retail/foodservice with branded and private-label seafood — comparable value-added frozen seafood B2B model to Iceland Seafood's value-added factories.
- Espersen A/S: Danish value-added seafood processor and direct acquirer of Iceland Seafood's UK subsidiary in 2023. Highly comparable as a European value-added seafood company serving foodservice and retail with similar species mix (cod, whitefish).
- Pescanova: Spanish-headquartered seafood processor and distributor with broad frozen and value-added product lines sold across Southern Europe — directly overlaps with Iceland Seafood Iberica's footprint and retail/foodservice customer base.
- Royal Greenland: Greenland-headquartered seafood processor and global supplier of cold-water species (shrimp, cod, halibut) with value-added processing factories — directly comparable North Atlantic seafood processor/wholesaler serving European markets.
- Clearwater Seafoods: Canadian shellfish and groundfish processor/exporter supplying European and global retail/foodservice — comparable cold-water seafood processor and value-added exporter model.
Broad incumbents
- Nomad Foods: European frozen foods giant (Birds Eye, Iglo) sourcing and selling frozen seafood across major European retailers — overlap with Iceland Seafood's frozen/wholesale value-added business and broad European retail customer base.
- Maruha Nichiro: One of the world's largest seafood companies with extensive processing, cold-chain and value-added operations — serves the same global retail and foodservice seafood customer base that Iceland Seafood targets.
- Thai Union Group: Global seafood conglomerate (Chicken of the Sea, King Oscar) with branded and B2B seafood operations in Europe — comparable broad incumbent competing with Iceland Seafood in European retail/foodservice seafood aisles.
- Mowi ASA: World's largest Atlantic salmon farmer and major seafood supplier to European retail/foodservice — comparable to Iceland Seafood's salmon exposure (via Ahumados Dominguez) and overall European supply footprint.
- Lerøy Seafood Group: Norwegian integrated seafood group with significant salmon and whitefish operations serving European retail and foodservice — comparable species mix and European go-to-market to Iceland Seafood.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Iceland Seafood International social profiles
Digital presenceIceland Seafood International financial estimates
Financial estimateRevenue estimate
Valuation estimate
Iceland Seafood International leadership team
Management profileNumber of profiles
Profiles2 records
Iceland Seafood International subsidiaries and ownership
Company hierarchySubsidiaries7 records
Iceland Seafood International funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Iceland Seafood International M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Iceland Seafood International
What does Iceland Seafood International do?
Iceland Seafood International is a worldwide sales, processing, and marketing group for fresh, frozen, salted, dried, and value-added seafood products. The group sources seafood from Iceland and global origins, operates 6 value-added factories across 6 countries through 10 businesses, and supplies foodservice and retail customers across Europe and South America.
Is Iceland Seafood International a public or private company?
Iceland Seafood International is a public company. It is classified as public and is currently operating.
When was Iceland Seafood International founded?
Iceland Seafood International was founded in 1932. It employs 501 to 1,000 people.
Where is Iceland Seafood International based?
Iceland Seafood International is headquartered in Reykjavík, Iceland, in the Europe region.
How does Iceland Seafood International make money?
Two revenue lines are on record. Seafood Product Sales are the primary driver. The others are argentine Red Shrimp Operations.
Who are Iceland Seafood International's main competitors?
Direct peers on record are High Liner Foods, Espersen A/S, Pescanova, Royal Greenland and Clearwater Seafoods. Broad incumbents are Nomad Foods, Maruha Nichiro, Thai Union Group, Mowi ASA and Lerøy Seafood Group.
Does Iceland Seafood International have an API?
No public API is recorded for Iceland Seafood International.
What industry is Iceland Seafood International in?
Iceland Seafood International's product category is Seafood Processing and Distribution. Its primary akta.pro industry code is AFAIADAD, Seafood Wholesale (Fresh & Frozen), with a secondary code of AFANADAA, Primary Seafood Processing (Heading/Gutting/Deheading; Icing). Its NAICS code is 31171 and its SIC code is 2092.