Estonian-based seafood group PRFoods was hit hard by the COVID-19 pandemic and the subsequent closure of the foodservice sector, keeping it in the red in the fourth quarter.

The last quarter of the group’s financial year was “strongly affected” by the states of emergency declared due to the COVID-19 pandemic in all countries where it operates, namely Estonia, Finland, Great Britain and Sweden, it said.

Earnings before interest, taxes, depreciation and amortization (EBITDA) from operating activities in the quarter were a negative €0.4