Direct Seafoods parent company Bidfresh says it has put in place measures aimed at coping with an expected downturn linked to the United Kingdom’s withdrawal from the European Union.
The London-based company highlighted potential for both higher raw material costs and future labor shortages, as it reported higher EBITDA and a slight fall in operating profit in figures for the year ended June 30, 2018.
Companies such as Bidfresh are beholden to sometimes sharp swings in salmon prices particularly, which is not priced in local currency.
