Nueva Pescanova Group Eyeing $80 Million Capital Increase, Now on Path to Recovery
Spanish seafood giant Nueva Pescanova Group said that the strategic and operational measures adopted by its new leadership reversed the negative path the company traveled down for the past two years. The reversal now has the company believing that it is on the path to recovery.
The operational efficiencies implemented have led to an increase in margins, which has generated an EBITDA* of 18.1 million euros ($20.08 million USD), which is almost double (185%) the EBITDA of the entire previous year (9.8 million), per Nueva...
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