Turbot

Stolt Sea Farm (SSF) has reported revenues of $21.4 million in Q2, up from $13.6 million in the same quarter last year, when the demand for SSF’s products was significantly impacted by the Covid-19 pandemic.

Europe’s largest flatfish farmer, Stolt Sea Farm, has announced that it is evaluating an initial public offering (IPO) of its land-based aquaculture business.

Stolt Sea Farm reported a $12 million drop in the value of its sole, sturgeon and turbot biomass during the first quarter of the year, driven “by a significant drop in market demand due to the COVID-19 pandemic”.

Stolt Sea Farm experienced a record increase in sales of its farmed turbot during 2019, with exports of the species now reaching over 30 countries.

A project that has improved the breeding of six key European fish species is coming to an end this month.