Norwegian salmon farmer Grieg Seafood fell short of its ambitious 2020 goals, and while coronavirus took its toll, the company admitted that its own challenges with fish health across several regions was equally to blame.

Bergen-based Grieg ended the year with a 79 percent drop in operating profit to NOK 233 (€23.3 million/$27.8 million). Revenues fell by 7.8 percent to NOK 4.4 billion (€440 million/$520 million).

In total, Grieg posted an EBIT/kilo of NOK 3.30 ($0.39/€0.33), well below the NOK 15 ($1.77/€1.49)