Canadian shellfish giant Clearwater said it expects trade, economic and geo-political uncertainty and the coronavirus outbreak to "create industry headwinds in 2020."

This comes as the company on Tuesday reported a 10 percent increase in full-year earnings before interest, taxes, depreciation and amortization (EBITDA) to CAD 114.2 million (€76.9 million/$85.5 million), helped by strong harvest conditions, landings and available supply of scallops, clam and langoustines.

This was partially offset by competitive market conditions for scallops.

Revenue in 2019 came in 4 percent higher at CAD 616.2