Kingfish Company’s 2022 sales up 82 percent

The Kingfish Company's Kats RAS farm.

Having produced 1,511 metric tons of yellowtail in 2022, Kats, The Netherlands-based The Kingfish Company was able to grow its annual sales 82 percent, reaching EUR 18.8 million (USD 20.3 million).

Demand continues to outpace the company’s production capacity, it reported.

“Market demand for high-value Dutch yellowtail is strong in both Europe and the United States, and The Kingfish Company products are sold in 14 countries,” it said.

In its Q4 results, the company said it completed a EUR 35 million (USD 37.9 million) equity raise through a private placement and subsequent offering it began in early January. And its board is moving forward with the nomination of Vincent Erenst to be its next CEO following the resignation of former CEO Ohad Maiman in fall 2022, with a shareholder vote scheduled for the first half of 2023 ... 

Photo courtesy of The Kingfish Company

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