Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


Presentation of the results of SalMar for the fourth quarter of 2018.

SalMar harvests salmon record volume in 2018 last quarter

Click on the flag for more information about Norway NORWAY
Friday, February 15, 2019, 03:10 (GMT + 9)

SalMar ASA obtained a record harvest of salmon in the fourth quarter of 2018 and recorded very good financial results, thanks to the growth of its production and the reduction of costs as a result of operational improvements.

Click on the image to enlarge

In its report for the fourth quarter of 2018, the company indicated that the operating EBIT in this period was NOK 934.9 million (USD 108.2 million), compared to NOK 707.2 million (USD 81.5 million) in the fourth quarter of 2017. This made 2018 a record year for SalMar, with operating income in excess of NOK 11,300 million (USD 1307.9 million) and operating EBIT of almost NOK 3,500 million (USD 405.1 million).

"A good operational performance from all our business segments, strong demand and our highest ever harvested volume have all contributed to another satisfactory quarter for SalMar,” said CEO Olav-Andreas Ervik in SalMar.

“The first generation from Ocean Farm 1 was also harvested during the quarter. The project's biological results have been good and strengthened our confidence in fish farming further out to sea," he stressed.

Besides, he pointed out that by continuing to invest in the entire supply chain, as well as further developing our ocean farming strategy, "SalMar is building a strong platform for sustainable development and further growth." 

         

               Farming Central Norway

SalMar generated gross operating revenues of NOK 3.1 billion in the fourth quarter 2018, an increase from NOK 2.8 billion in the fourth quarter 2017.

The volume harvested in the last three months of 2018 was 40,500 tons, compared to 36,100 tons in the previous quarter and 39,900 tons in the fourth quarter of 2017.

         

                Farming Northern Norway

Operating EBIT per kg was NOK 23.11, an increase of NOK 5.41 per kg compared to the fourth quarter of 2017.

SalMar's Fish Farming Central Norway segment saw a good operational result in the fourth quarter. The volume harvested in the period were fish transferred to the sea in the autumn of 2017, which had a more challenging production cycle than the spring 2017 generation. As a result, we harvested a larger number of fish at lower average weights than budgeted were harvested. SalMar expects the segment's costs to remain stable in the first quarter 2019.

The Fish Farming Northern Norway segment harvested 12,200 tonnes of salmon in the quarter, 9,000 tonnes more than in the previous quarter. This higher volume has contributed to lower costs in the period.

       

        Norskott Havbruk

For its part, InnovaMar harvested 38,700 tonnes of fish were during the quarter, compared with 32,700 tonnes in the fourth quarter 2017.

Around 35 percent of the volume was sold under contract at higher average prices than the average spot price in the period. Due to seasonal variations in the supply of raw materials, the company expects the industrial part to operate at a slightly lower level in the coming quarters.

 

        

          Arnarlax HF

SalMar plans to harvest 145,000 tonnes of salmon in Norway in 2019: 95,000 tonnes in central Norway and 50,000 tonnes in the north. It also expects Norskott Havbruk (Scottish Seafarms) to harvest around 30,000 tonnes, and Arnalax to contribute another 10,000 tonnes.

Based on the results for 2018, SalMar's board of directors proposed a dividend of NOK 23 per share.

(1 NOK = USD 0.11574)

 
editorial@seafood.media
www.seafood.media


 Print


Click to know how to advertise in FIS
MORE NEWS
Norway
Mar 19, 07:40 (GMT + 9):
Torghatten Aqua is listed on the NOTC list on Oslo Børs
Australia
Mar 19, 07:00 (GMT + 9):
Aussie startup develops sustainable land based aquaculture
Taiwan
Mar 19, 07:00 (GMT + 9):
Taiwan fisheries sector embraces long-term move away from Chinese fishers
Oman
Mar 19, 07:00 (GMT + 9):
Oman Fisheries accumulated losses soar to $43 million
United States
Mar 19, 07:00 (GMT + 9):
Royal Caridea Achieves the Fastest Shrimp Growth Rate in the Aquaculture Industry
Canada
Mar 19, 07:00 (GMT + 9):
Poseidon announces US$20.75M Series B Financing
Chile
Mar 19, 04:00 (GMT + 9):
Cooke Introduces Organic Salmon
Spain
Mar 19, 03:00 (GMT + 9):
IN BRIEF - UN Ocean Decade | Join the 'Restoring European Seas' Conference
Spain
Mar 19, 01:00 (GMT + 9):
Minister Planas will receive the fishing sector on March 22
Brazil
Mar 19, 01:00 (GMT + 9):
Brazilian tilapia market
Japan
Mar 19, 00:40 (GMT + 9):
Statistics │ Import │Bigeye and Yellowfin tuna by origin │ Frozen │ 2022-23-24
Canada
Mar 19, 00:30 (GMT + 9):
Quota and Catch │Pacific Herring with roe │ 2022-23-24
United States
Mar 19, 00:20 (GMT + 9):
Capture DAP at BSAI | Atka Mackerel, Dusky Sole, Yellowfin Sole and Pacific Cod | week 09
Japan
Mar 19, 00:10 (GMT + 9):
Statistics │ Import │Sablefish / Black Cod │ USA and Canada │ 2022-23-24
United States
Mar 19, 00:10 (GMT + 9):
Statistics │ Export │ Frozen Black cod/sablefish exports to Japan, China │ NMSF │ 2022-23-24



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Pacífic Northeast squid price index: Japanese Common Squid (Todarodes pacificus)
China In order to continuously enhance the ability to control squid resources and price influence, and conduct more accurate resource assessment and forecasting, the China Ocean Fisheries Association&n...
Norway to Fish 386.4 Tons of Bluefin Tuna in 2024
Norway In fisheries negotiations this week, Norway has approved the plan for Norwegian fishing for bluefin tuna (Thunnus thynnus). Norway will be allowed to fish 386.4 tonnes of bluefin tuna in 2024, wh...
Fisheries subsidies: ‘We have let history down’
Worldwide The following is an excerpt from an article published by China Dialogue Ocean: Disappointment as negotiators fail to agree curbs on subsidies for overfishing at World Trade Organization meeting &quo...
The Norwegian snow crab fishery is closing today
Norway On Saturday, March 16, 9,769 tons were caught in this year's Norwegian snow crab fishery. This means that the quota has been overfished by 11 tons, and with two more days, it is likely that the quota ...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER