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Birmingham Post
Birmingham Post
Business
David Laister

Young's Seafood's resilience underlined as it gears up for significant growth as part of Sofina

Ambitions to significantly grow market-leading Young’s Seafood have been highlighted after a challenging year was navigated, maintaining sales over the £10 million a week mark.

Resilience has been praised in the latest results for the company, one set against a backdrop of inflationary pressures following its buy-out by Canadian giant Sofina. It reported a 3.5 per cent drop in turnover from £597.1 million to £552 million, over a fortnight longer period to March 26, 2022.

It meant a slip from weekly sales of £11.2 million to £10.8 million on the previous year dominated by stay-at-home eating through the Covid lockdown measures.

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