Salmon processing. (Photo: Marine Harvest)
Marine Harvest Q1 operational EBIT grows 92 per cent
Thursday, April 20, 2017, 22:40 (GMT + 9)
Marine Harvest achieved an operational EBIT of EUR 215 million in Q1 2017, representing a growth of 92 per cent per cent compared to EUR 112 million obtained in the first quarter last year.
The total volume of its harvests amounted to 84,000 tonnes (provided in gutted weight equivalents, GWE) in the quarter analyzed, and is in line with the harvest it had estimated when it published the results of the previous quarter.
The harvest volumes of salmond species obtained in the first quarter this year in the different countries where the Norwegian group operates were:
- Norway: 49,000 tonnes
- Scotland: 18,000 tonnes
- Canada: 9,000 tonnes
- Chile: 6,000 tonnes
- Others: 2,000 tonnes
- Total: 84,000 tonnes
Marine Harvest also detailed that operating EBIT per kg through the value chain was approximately as detailed below for the main sources of origin:
- Norway: EUR 2.50
- Scotland: EUR 3.00
- Canada: EUR 3.35
- Chile: EUR 1.85
Reported net interest bearing debt (NIBD) was approximately EUR 845 million at the end of the three-month period.
Marine Harvest informed that the complete Q1 2017 report will be released on 10 May.
Photo Courtesy of FIS Member Marine Harvest ASA - Headquarters