German supplier followfood -- the owner of fast-growing seafood brand followfish -- reported a sales growth spurt of 40 percent in the first quarter of 2020 thanks to coronavirus-related stockpiling.

Earnings before interest and taxes (EBIT) were just over €2 million ($2.1 million), driven by followfish growing three times faster than the overall market, the company said.

In 2019, the food retailer reported record results with sales growing 20 percent to €60 million ($66 million).