Frozen food giant Iglo Group saw both its sales and profit fall 'short of expectations' in 2013, which it mainly put down to Europe's challenging economic situation.
As a group, Iglo saw earnings before interest, taxes, depreciation and amortization (EBITDA) fall by 12 percent over the year to €306.6 million ($425.1 million), while sales decreased 2.8 percent to €1.52 billion ($2.1 billion).
"Recent years have been challenging for the branded frozen food category in Europe," Erhard Schoewel, chairman at the group, wrote in the annual report.
The
