Mowi CEO Ivan Vindheim said he expects the financial performance of his company's Chilean operations to rebound as the US market improves.
Mowi's Chile operations suffered a near €9.9 million ($11.9 million) operating loss in the fourth quarter, compared with earnings before interest and taxes (EBIT) of €13 million ($15.6 million) during the fourth quarter of the prior year.
Spot prices in the all-important North American market continued to be significantly impacted by the pandemic, as lockdown measures continued to batter the foodservice sector.
