TheFishSite.com - news, features, articles and disease information for the fish industry

News

Marine Harvest Reports Better Than Expected Harvest Volumes

18 April 2016

NORWAY - Marine Harvest has reported a total harvest volume of 97,000 tonnes for the first quarter of 2016. This is higher than the predicted volume of 93,000 tonnes.

Farming operations in Norway led the harvest volume with 54,000 tonnes. Operations in Chile were next with 15,000 tonnes, followed by Scotland (13,000 tonnes), Canada (12,000 tonnes) and other (3,000 tonnes). 

Operational EBIT for the company was approximately €110 million (€/NOK 9.5026) in Q1 2016 (€95 million in Q1 2015, EUR/NOK 8.7143).

Total operational EBIT per kg through the value chain were approximately as follows for the main sources of origin:

Norway - €1.85
Scotland - € 0.65
Canada - €1.95
Chile - €-1.55

Operational EBIT for Farming Norway was positively impacted by €0.03 from the feed segment.

Operational EBIT for Farming Chile was negatively impacted by the algal bloom of approximately €0.60 per kg. Operational EBIT for Farming Scotland was negatively impacted by losses in the Rosyth processing plant of approximately €0.60 per kg.

Reported net interest bearing debt (NIBD) was approximately €960 million (€/NOK 9.4346) at the end of the quarter.

 

TheFishSite News Desk



Our Sponsors

Partners



Sustainable Aquaculture Modular Courses AVAILABLE NOW - University of St Andrews

Seasonal Picks

Know Your Freshwater Fishes - 5m Books.com

Aquacullture Webinars from TheFishSite - Sign Up Now