Cromaris, that belongs to the Croatian diversified conglomerate Adris Grupa d.d., has informed about a 26% growth in volume sales and a 29% growth in exports during the first quarter of 2022.
In more detail, volume sales amounted to 3,160 tonnes of whole fish equivalent which is 20% higher than in the first three months of last year.
Export volumes were up 24%, mainly due to strong growth in the Italian and Spanish markets. To sum up. export markets continue to account for a high portion of Cromaris' sales – 91% of sales volume, and 92% of sales revenues.
Greater amberjack and common dentex are the species that have grown the most for sale. It accounted for 36% of the company's revenues in the same period.
Finally, the company has reported revenues from sales amounted to HRK 157 million representing an increase of 25%. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to HRK 24 million which is up 6%.
According to a statement, Cromaris will focus this year on the implementation of business excellence models in two key areas; market business and operations.
Cromaris is a leading premium positioned company in the production and processing of high-quality Mediterranean fish. It is the sixth biggest company in the world in the farming of sea bass and seabream. The company was founded in 1979. It was the first commercial sea bass farm in Lamjana Bay on the Island of Ugljan.
The quality of its business processes is confirmed by numerous certificates and the comprehensive traceability of our process. From broodstock, spawn juvenile fish and fish for consumption, all the way to the customer.
