Iceland Seafood International (ISI) saw its earnings nosedive in 2020, predominantly due to the adverse impact of COVID-19 restrictions on sales in its key foodservice markets, which were “severely impacted” during the year.
The group’s earnings before interest taxes depreciation and amortization (EBITDA) sank 43 percent in 2020 to €9.9 million ($12.1 million), while revenues fell 15 percent during the year to €369.8
