Royal Greenland, the world's largest supplier of coldwater shrimp and Greenland halibut, had “the toughest year in the company's recent history” in 2020, battered by the impact of the COVID-19 pandemic on global markets and plummeting sales prices.
Despite “considerable efforts," Royal Greenland said it was not able to offset the financial impact of the market turmoil and resulting lower sales prices triggered by the pandemic.
After several years of rising numbers, the company reported a loss of earnings before interest and taxes (EBIT) of DKK 44 million (€5.9
