Leroy Seafood Group is focused on improving the value chain efficiency for its whitefish operations, and also on diversifying to account for the seasonality of the fishery.

The Oslo-listed company said in its 2018 annual report the group's whitefish strategy has been focused on investing in its fleet to combat low profitability due to market conditions.

"The processing of whitefish in Norway has been extremely challenging for many years," the group said. "As a result of high demand for seafood and lower quotas, the raw material prices increased throughout 2018, representing a challenge for processing operations."