Espersen earnings hammered as long-term agreements prevent group from passing on fish price inflation

Operating profit for Danish whitefish giant Espersen's parent company Insepa sank 70 percent from last year's record high as whitefish price inflation took a heavy toll on the group.

Though the company increased it revenue 21 percent to DKK 3.6 billion (€490 million/$535 million) in 2022, operating profit fell from last year's record DKK 147 million (€20 million/$22 million) to DKK 42 million (€5.6 million/$6.1 million).

The processing giant's return to earth was the result of a combination of factors, including Russia's invasion of Ukraine and high inflationary pressures, CEO Klaus Nielsen told IntraFish.