The Oslo-based company said it will miss the group’s target of 7.5 percent top 9 percent earnings before interest, taxation, depreciation and amortization (EBITDA) margins as a result of global financial and currency instability, which has led to reduced income in Norwegian kroner.
In response, Aker will undergo a reorganization that will result in the closure of two Danish processing plants. The remaining seven processing and receiving plants in Norway and Denmark will focus on niche premium products.
The reorganization is part of the company’s move towards producing more high-end seafood, the company said.
The
