Salmon processing line. (Photo: Marine Harvest)
Marine Harvest records moderate increase in operational profit in Q3
(NORWAY, 10/16/2018)
Marine Harvest achieved an operational EBIT of EUR 204 million in the third quarter 2018, a figure representing a 5 per cent increase from EUR 194 million obtained in the same period in 2017.
The total salmon harvest volume reached 110,000 tonnes (gutted equivalent) in the analyzed quarter, 2,000 tonnes less than the 108,000 tonnes that had been estimated for this period when it published the results for the second quarter of 2018.
The harvest of this period exceeds by 15 per cent that of the same quarter of 2017 (95,500 tonnes) and by 40 per cent compared to the second quarter of this year (78,500 tonnes).
The harvest volumes that the group obtained in the third quarter of this year in the different countries where it operates were:
Norway |
71,500 tonnes |
Scotland |
9,000 tonnes |
Canada |
12,500 tonnes |
Chile |
13,500 tonnes |
Ireland |
2,000 tonnes |
Faroes |
1,500 tonnes |
Total |
110,000 tonnes |
Marine Harvest also reported that operating EBIT per kg through the value chain was approximately as detailed below for the main sources of origin:
- Norway: EUR 2.25
- Scotland: EUR 1.35
- Canada: EUR 1.05
- Chile: EUR 1.25
- Ireland: EUR 3.45
- Faroes: EUR 2.80
Reported net interest bearing debt (NIBD) was approximately EUR 1,220 million at the end of the quarter.
Northern Harvest is consolidated in the group's financial statements with effect from 3 July. Thus, the above figures for Canada include Northern Harvest.
The complete Q3 2018 report will be released on October 31.
editorial@seafood.media
www.seafood.media
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Stortingsgaten 8
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Oslo
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