2020 Annual Report
Rod Hepponstall

A Word from the CEO

Dear fellow shareholders,

2020 was a year of hard work, collaboration and effort at High Liner Foods. The High Liner Foods team worked with a greater sense of purpose than ever before. Our employees rallied together to support our customers and ensure a steady flow of frozen seafood across North America. As consumers drew comfort in stocking their freezers amidst the pandemic, our team stepped up to the plate. Together, we quickly adjusted to new ways of working and pivoted to make bold decisions with our customers’ and consumers’ needs front of mind.


At High Liner Foods, our purpose is Reimagining Seafood to Nourish Life while having a positive impact on our employees, consumers, customers, communities and our planet. As we create value for our stakeholders, we will build on our 121-year history with a passion for the future.

Sales (in millions of USD)
Sales graph
Product Sales Volume (in millions of pounds)
Product Sales Volume graph
Sales vs. Adjusted EBITDA(1) (in millions of USD)
Lore graph
  • Sales
  • Adjusted EBITDA
Adjusted Diluted EPS(1) (in USD)
Adjusted Diluted EPS graph
  • (1) See the Non-IFRS Financial Measures section of High Liner Foods’ MD&A for the fifty-three weeks ended January 2, 2021 for definitions of the non-IFRS financial measures used by the Company, including "Adjusted EBITDA" and "Adjusted Diluted EPS".

Business Review

Who We Are

High Liner Foods is a leading North American processor and marketer of value-added frozen seafood. High Liner Foods’ retail branded products are sold throughout the United States and Canada under the High Liner, Fisher Boy, Mirabel, Sea Cuisine and Catch of the Day labels, and are available in most grocery and club stores. The Company also sells branded products to restaurants and institutions under the High Liner, Mirabel, Icelandic Seafood and FPI labels and is a major supplier of private label value-added seafood products to North American food retailers and foodservice distributors. High Liner Foods is a publicly traded Canadian company, trading under the symbol HLF on the Toronto Stock Exchange.


Sustainability at High Liner Foods

We are passionate about being a leader in providing delicious, healthy, and sustainably sourced and produced seafood. That passion shapes our strategy and guides our actions. We also believe that it is essential to our long-term success as a valued partner, a preferred employer, a trusted supplier and a growing, profitable business. Operating sustainably, in accordance with our values, defines our company and our culture and is embedded in the way we serve our customers, consumers and our communities.

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Key retail brands
  • HLF logo
  • Sea Cuisine logo
  • Fisher Boy logo
  • Catch of the Day logo
  • Mirabel logo
Key foodservice brands
  • HLF Food Service logo
  • Icelandic Sea Food logo
  • FPI logo
  • Mirabel logo

Reimagining Seafood to Nourish Life