With 9% volume growth, Cromaris sold more than 10,000 tonnes of whole fish equivalent

The COVID-19 crisis caused a number of logistics challenges in fresh fish and fish product distribution at the end of Q1 2020 and in Q2 2020. The shutdown of catering establishments in its key markets drove the Company to shift its focus to retail chains, which required it to quickly adapt its sales portfolio, as well as the organisation of its production and distribution. In 2020, Cromaris sold 10,376 tonnes of whole fish equivalent, up 9% year-on-year. Export volumes were up 17%. Export markets account for 84% of Cromaris’ sales volumes, and 86% of its sales revenue. Revenue from differentiated products, mainly fresh gutted and packaged fish – sea bream, sea bass and meagre fillets – was up 16%. At the moment, differentiated products account for 48% of the company’s sales revenue, in line with Cromaris’ strategy of standing out from the competition. Average prices increased 2%. Sales revenue in 2020 amounted to HRK 512 million and was up 8% year-on-year. Cromaris posted a net profit of HRK 9.2 million in 2020.