A worker performing habitual tasks at a salmon farm. (Photo: Marine Harvest)
Marine Harvest registers lower income and harvest in first quarter
(NORWAY, 4/17/2018)
Marine Harvest achieved an operational EBIT of EUR 155 million in the first quarter of 2018, a figure that represents a fall of 29.5 per cent compared to the EUR 220 million obtained in the same period of 2017.
This result is slightly below the EUR 157 million predicted by the analysts consulted by Reuters.
The total volume of salmon harvests amounted to 81,000 tonnes (eviscerated weight equivalent) in the analyzed quarter, 1,500 tonnes less than the estimated 82,500 tonnes that had been estimated for this period when the results for the fourth quarter of 2017 were published.
The harvest volumes obtained in the first quarter of 2018 in the different countries where the Norwegian group operates were the following:
- Norway: 51,000 tonnes
- Scotland: 8,500 tonnes
- Canada: 6,500 tonnes
- Chile: 12,500 tonnes
- Ireland: 1,500 tonnes
- Faroe Islands: 1,000 tonnes
- Total: 81,000 tonnes
Marine Harvest also reported that operational EBIT per kg through the value chain was approximately as detailed below for the main sources of origin:
- Norway: EUR 2.25
- Scotland: EUR 1.85
- Canada: EUR 1.10
- Chile: EUR 1.35
- Ireland: EUR 4.35
- Faroe Islands: EUR 1.20
The reported net interest bearing debt (NIBD) was approximately EUR 860 million at the end of the quarter.
Marine Harvest will present a full report on the results of the first quarter of 2018 on May 9.
editorial@seafood.media
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