Despite challenges with raw material availability, the UK subsidiary of Norwegian harvesting and processing company Pelagia plans to maximize yields by focusing on infrastructure, innovation and developing new markets.
The feed ingredient provider saw a 2 percent drop in year-on-year earnings before interest, tax, depreciation and amortization (EBITDA) at nearly NOK 100 million (€10.1 million/$11.3 million) in the first quarter of 2019.
The minimal loss came alongside a significant 20 percent slide in volumes of fishmeal, totaling at 17,051 metric tons sold in the first quarter.
