Canadian seafood giant High Liner Foods delivered its sixth consecutive quarter of year-on-year sales and earnings growth, reflecting strong foodservice and retail demand despite inflationary pressures.
Adjusted earnings before interest, tax, amortization and depreciation (EBITDA) increased by 10.7 percent to CAD 24.8 million (€18.3 million/$18.3 million) in the three months ending Oct. 1.
Sales increased by 26.6 percent to CAD 271.2 million (€199.9 million/$200.3 million), with volume increasing 10.2 percent to 60.4 million pounds (27,397 metric tons).
High Liner continued to experience increased demand for its products across its non-commercial businesses, as well as higher sales and volumes in the quick-service and casual-dining restaurant segments, which are growth targets for the company.
