Consumer Staples

A focused overview of the consumer staples companies included in the ETF’s index, highlighting food, beverage, and essential goods producers that provide stable demand and represent core components of Iceland’s domestic economy.

Austevoll Seafood

Austevoll Seafood is a Norway-based global seafood company with operations spanning fishing, aquaculture, and seafood processing. The company maintains ownership interests across multiple segments of the seafood value chain, providing exposure to both wild catch and farmed production. Austevoll Seafood operates internationally through a diversified portfolio of subsidiaries and investments. Its strategy emphasizes scale, operational efficiency, and long-term resource management. The company plays a significant role in the global seafood industry.

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Bakkafrost

Bakkafrost is a leading vertically integrated salmon producer with farming and harvesting operations in the Faroe Islands and Scotland. The company controls the full value chain from feed production to processing and sales, supporting product quality and traceability. Bakkafrost focuses on premium salmon products for international markets. Its operations emphasize biological efficiency and sustainability. The company is a key participant in the North Atlantic salmon industry.

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Grieg Seafood

Grieg Seafood is a global aquaculture company specializing in the farming, processing, and distribution of Atlantic salmon. The company operates in several key salmon-producing regions and supplies international seafood markets. Grieg Seafood emphasizes sustainable farming practices, fish health, and responsible resource management. Its vertically integrated operations support consistency across production. The company is an established participant in the global salmon sector.

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Hagar

Hagar is a leading Icelandic retail group with a diversified portfolio spanning grocery stores, fuel distribution, and consumer services. The company employs approximately 3,000 people and operates dozens of retail locations and gas stations across Iceland. Hagar serves domestic consumer demand through multiple well-known brands. Its business model emphasizes scale, operational efficiency, and stable cash flow generation. Hagar is a core component of Iceland’s retail sector.

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Lerøy Seafood Group

Lerøy Seafood Group is a global seafood company founded in 1899 with operations across fishing, aquaculture, processing, and distribution. The company supplies seafood products to markets worldwide through an integrated value chain. Lerøy emphasizes food safety, traceability, and sustainable production practices. Its long operating history supports established customer relationships. The company is a major participant in the global seafood market.

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Mowi

Mowi is one of the world’s largest seafood companies and the largest producer of farmed Atlantic salmon globally. The company operates a vertically integrated model encompassing feed production, farming, processing, and sales. Mowi supplies seafood products to international markets and holds an estimated 20% share of global Atlantic salmon production. Its operations emphasize scale, efficiency, and sustainability. Mowi is a central player in the global aquaculture industry.

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Ölgerðin Egill Skallagrímsson

Ölgerðin Egill Skallagrímsson is Iceland’s largest beverage producer, founded in 1913 with nationwide operations. The company manufactures and distributes a wide range of alcoholic and non-alcoholic beverages across Iceland. Ölgerðin employs approximately 375 people and maintains a strong domestic distribution network. Its portfolio includes established local brands serving the Icelandic market. The company is a key contributor to Iceland’s consumer staples sector.

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SalMar ASA

SalMar ASA is one of the world’s largest producers of farmed Atlantic salmon, with operations primarily based in Norway. The company focuses on efficient, large-scale salmon farming supported by technological innovation. SalMar is listed on the Oslo Stock Exchange and serves international seafood markets. Its strategy emphasizes biological performance and cost efficiency. The company is a major global salmon producer.

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Salmon Evolution

Salmon Evolution is an aquaculture company focused on the production of Atlantic salmon through land-based farming systems. The company utilizes innovative technology to support controlled, environmentally responsible salmon production. Salmon Evolution targets high-quality output with reduced environmental impact compared to traditional farming. Its operations are designed for scalability and long-term sustainability. The company represents exposure to next-generation aquaculture infrastructure.

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