Finance

'Significant shortfall': Aquaculture equipment group Akva warns of losses as high costs, inflation take a toll

Continued uncertainty related to supply chain restrictions and cost inflation may impact the group's profitability for the rest of 2022, it said.

Knut Nesse is CEO of Akva Group, who said high inflation rates and supply chain restrictions driven by the Russia-Ukraine conflict the have cost it an estimated NOK 37 million (€3.7 million/$3.8 million) in additional costs.
Knut Nesse is CEO of Akva Group, who said high inflation rates and supply chain restrictions driven by the Russia-Ukraine conflict the have cost it an estimated NOK 37 million (€3.7 million/$3.8 million) in additional costs.Photo: Anders Furuset
Published 3 August 2022, 08:15Updated 3 August 2022, 13:10
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