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The fact that we can deliver these results in a period of significant transition and uncertainty is a testament to our employees, the strength of our brand, the quality of our products and the scope of our customer base.
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However, our exports to the U.S. are still far from what they could be, considering the quality and diversification of our products and the U.S. market I mentioned.
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So, early last year we decided to put our community at the forefront of our business -integrating them into the product development and marketing workflow with the view of creating even better quality products for which our audience had tangible input.
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It said it "would be working closely with its suppliers to investigate this issue and to ensure that all Iceland brand products meet the high standards of quality and integrity that we specify and which our customers are entitled to expect".
BBC: 'Horsemeat beefburgers' investigated in UK and Ireland
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In a statement, the company said it noted the FSAI's findings "with concern" and "would be working closely with its suppliers to investigate this issue and to ensure that all Iceland brand products meet the high standards of quality and integrity that we specify and which our customers are entitled to expect".
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Mr Smith said food safety and quality was "of the highest importance to Tesco" and "the presence of illegal meat in our products is extremely serious".
BBC: 'Horsemeat beefburgers' investigated in UK and Ireland