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State: 17.08.2024 | 11PM
Fri, 08.11.2024       High Liner Foods
CA4296951094

Margin Improvements Lead to EBITDA Growth Over Prior Year

Announces Dividend Increase of $0.02, or 13.3%

LUNENBURG, NS, Nov. 8, 2024 /CNW/ - High Liner Foods Incorporated (TSX: HLF) ("High Liner Foods" or the "Company"), a leading North American value-added frozen seafood company, today announced financial results for the thirteen and thirty-nine weeks ended September 28, 2024. The Company also announced a dividend increase of CAD $0.02 per share, representing 13.3% increase.

"During the third quarter we delivered another quarter of Adjusted EBITDA growth as well as sequential improvement to sales and volume," said Paul Jewer, President, and Chief Executive Officer of High Liner Foods. "We are executing well to meet the evolving needs of our customers and consumers across both retail and foodservice. Our promotional strategies are driving expanded distribution and supporting top line recovery. While market conditions remain challenging, I am encouraged by our gains this quarter and believe we are well positioned to continue this positive trajectory."

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