Kjell Inge Rokke's Aker Biomarine had another difficult quarter with sales and earnings both sinking due to low harvest volumes and weak sales of its core brand Superba.
The Norwegian krill harvester and processor reported a 46 percent drop in adjusted earnings before interest, depreciation and amortization (EBITDA) to $14.6 million (€12.5 million), while revenues were down 12 percent to $62 million (€53.2 million).
Aker’s sales in its ingredients business segment declined 21 percent in the quarter versus same period last year.
