Profand Fishing Holding hit over EUR 1 billion (USD 1.1 billion) in revenue for FY 2024 – a first for the company.
Vigo, Spain-based Profand said its revenue hit just under EUR 1.01 billion (USD 1.14 billion) in FY 2024, marking an 8 percent increase compared to the EUR 930 million (USD 1 billion) it posted in FY 2023. That revenue came on a production volume of 78 million trays, a 13 percent increase.
The company said it achieved an EBITDA of EUR 76 million (USD 86 million) in FY 2024, an 11 percent increase over the EUR 68 million (USD 77 million) it posted in FY 2023. The company attributed the stronger earnings to better margins and the normalization in the cost of raw materials.
According to Profand, of the 78 million trays of product it sold in 2024, 69 million were produced in Spain. The company credited ...
