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Profand Overtakes Nueva Pescanova as Spain's Top Seafood Company

The Vigo-based firm achieved €1.009 billion in 2024 revenues, marking 8% growth and solidifying its position through strategic investments and workforce expansion.

Plantilla de Profand en la factoría de Cefrico, en Vilagarcía de Arousa.
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Overview

  • Profand reported €1.009 billion in revenue for 2024, an 8% increase from the previous year, surpassing long-time industry leader Nueva Pescanova.
  • The company achieved an EBITDA of €76 million in 2024, reflecting an 11% growth driven by improved margins and cost normalization.
  • Profand invested €20 million in 2024 as part of its multi-year plan to support both organic and inorganic growth across domestic and international markets.
  • Production volumes rose 13%, with 78 million trays commercialized in 2024, 69 million of which were produced in Spain, bolstered by key partnerships like Mercadona.
  • The firm's global workforce grew by 433 employees in 2024, including 286 new hires in Spain, bringing its Spanish headcount to 2,100.