Labeyrie Fine Foods-owned UK shrimp and seafood distributor Lyons Seafoods' earnings flatlined in its latest financial year ending June 2019.
The subsidiary reported earnings before interest, tax, depreciation and amortization (EBITDA) of £8.4 million (€9.5 million/$10 million) in 2019, a 1 percent difference compared to the year prior.
The company reported a 5 percent increase in turnover to £120 million (€137 million/$148 million) year-on-year, however costs were higher.
Labeyrie has announced the resignation of CEO Frederick Bouisset, with two new executives taking over his post.
