Moody’s remains ‘positive’ on Iceland despite flat 2023 profits

Ratings firm Moody’s has remained “positive” over Iceland Foods’ outlook, despite delivering weaker than anticipated results.
The firm’s comments comes following an update to Iceland’s bond holders and is the most up-to-date look at the frozen food retailer’s performance.
It was revealed that in the 12 months to 29 December 2023, EBITDA totalled £289m, which had remained broadly flat against £284m that Moody’s forecasted in September, T