Icelandic Group to focus on internal growth, not acquisitions

Despite posting a significant boost in profit over the first half of this year, Icelandic Group will focus on stabilizing the company further in the coming months, its new CEO Arni Geir Palsson told IntraFish.

This time last year the company was undergoing a major restructuring of its operations in the United Kingdom, and this is partly why results in the second quarter of 2015 are so buoyant, said Palsson.

In the second quarter of 2015 operating profit for the group amounted to €3.4