Adris released a statement in which they announced that their food company Cromaris recorded a 15% YoY increase in sales in July.

Adris announced that their fish farming and processing company Cromaris increased their sales volume by 15% YoY in July to record-high 1,063 tonnes of fresh fish, following a 20% rise in June.

The main driver of the growth was the Italian market which posted a 50% growth over the past two months. This was preceded by a strong increase in Cromaris’s market share in Italy which increased by more than 40% this year. Cromaris in Italy, which is also the world’s largest market for sea bass and gilthead seabream, holds 8.3% of the volume and more than 11% of the value share. Meanwhile, note that the company’s sales in Austria, Germany, Switzerland and Hungary, among others, have also been on the rise in 2020.

Adris also noted that in 2019, Cromaris held 3.2% of the global market of Mediterranean fish. Considering current trends, that market share is expected to rise in 2020.