Marine Harvest recorded a very good third quarter this year.

Marine Harvest achieves high operational revenue in Q3

Marine Harvest achieved an operational EBIT of EUR 207 million in the third quarter of 2018, compared to EUR 194 million in the corresponding quarter of 2017.

The company reported record high operational revenues of EUR 990 million for the analysed quarter, from EUR 868 million in the corresponding period of 2017.

Photo: Marine Harvest Q3 Report

Total harvest volume was 109,896 tonnes in the quarter from 95,338 tonnes harvested in the third quarter a year ago.

“This has been a very good quarter for Marine Harvest. We managed to generate a record high operational result for the third quarter as demand for salmon continues to increase the value of our products,” pointed out CEO Alf-Helge Aarskog.

Salmon of Norwegian origin achieved an operational EBIT per kilo of EUR 2.25 in the third quarter while salmon of Scottish and Canadian origin reported operational EBIT per kilo of EUR 1.36 and EUR 1.05 respectively. Salmon of Chilean origin reported operational EBIT per kilo of EUR 1.28 in the quarter.

MH Feed division reported an operational EBIT of EUR 7.3 million whie MH Consumer Products reported an operational EBIT of EUR 16.0 million.

“Marine Harvest Feed produced record high volumes in the third quarter. I am very pleased that the growth continues with the opening of the new feed factory in Scotland in 2019. It is also very encouraging to see the growth and margin achievements in our value-added production in the US and Asia,” added Aarskog.

Marine Harvest's complete quarterly report 
 
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