'We learned our lesson': Danish trading group pivots away from China to Europe, with new markets in its sights

Denmark-based trading company Nowaco has pivoted away from its reliance on China, and now sees growth opportunities for its seafood division in Europe, the United States and Africa.

Nowaco's seafood division is one of the group's key focus areas for growth, CEO Katja Nowak Nielsen told IntraFish.

Last year, the group posted record-high revenue of €462 million ($500 million) which was an increase of 11 percent compared to 2021, and it generated earnings before interest, taxes, depreciation, and amortization (EBITDA) of €9.6