Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
If you would like to send us an article, contact Margaret Stacey
   


Salmon processing. (Photo Credit: SalMar)

SalMar achieves profit rise despite biological issues

  (NORWAY, 5/23/2014)

SalMar obtained strong operational EBIT in the first quarter 2014 as a result of record high salmon prices and despite the biological challenges the company has had to face.

The firm made an operational EBIT of NOK 485 million (EUR 59.5 million) during the period, a rise of NOK 137 million (EUR 16.8 million) from the previous quarter and a substantial NOK 250 million (EUR 30.6 million) more than in the corresponding period last year.

“The result is due to high salmon prices, but we are also seeing indications of improved operating performance and reductions in underlying costs from some of our farming segments," pointed out SalMar's CEO Leif Inge Nordhammer.

And he added: "At the same time, the biological situation remains challenging. The growing intensity of salmon lice infestation and increasing resistance to treatment that we see ahead could affect fish growth rates and harvesting plans in coming quarters, with attendant consequences for costs."

The firm reported an average price of salmon that was 32 per cent higher in the first quarter 2014 than in the same quarter last year.

SalMar's gross operating revenues rose to NOK 1.6 billion (EUR 196 million), up around NOK 350 million (EUR 42.9 million) from the first quarter 2013.

In total the Group harvested some 27,800 tonnes of salmon during the period, a slight increase from 23,200 tonnes in the same period last year.

The firm sources indicated that regional differences remained considerable. While operations at SalMar Central Norway and the Rauma segment were affected by biological and logistical challenges, with EBIT per kg closing the quarter at NOK 19.3 (EUR 2.4) and NOK 15.7 (EUR 2) respectively, SalMar Northern Norway, on the other hand, posted a record EBIT per kg of NOK 21 (EUR 2.6).

The sales and processing segment is now able to keep PD-infected fish in holding pens prior to harvesting, which has improved production efficiency.

However, lower than normal harvesting volumes reduced capacity utilization and the segment's results were also negatively affected by the Group's fixed-price contracts, which accounted for 35 per cent of the total harvested volume during the period.

All in all, SalMar maintains its harvest forecast unchanged: it expects to harvest 133,000 tonnes in Norway in 2014, while Norskott Havbruk (Scottish Seafarms) expects to produce a total of 25,000 tonnes this year, of which half volume corresponds to 50 per cent of SalMar participation. 


[email protected]
www.fis.com


Information of the company:
Address: Fv410
City: Kverva
State/ZIP: (NO-7266)
Country: Norway
Phone: +47 7244 7900
Fax: +47 7244 7901
E-Mail: [email protected]
More about:


Location:

View SalMar in a larger map


Approval / Accreditation / Certified / Oversight by...
GMP/Good Manufacturing Practice  HACCP  ISO   UKAS  E.U.  USDA/USDC & FDA  RF (Russia)  BRC (British Retail Consortium) 
EFSIS/European Food Safety Inspection Service 



 Print


Click to know how to advertise in FIS
MORE ARTICLES
SeaPak Frozen Seafood For a Stress-Free Holiday Entertaining
Lund’s Fisheries Expands into Innovative Product Lines and Markets
Waitrose Achieves Responsible Sourcing First
Open Blue’s Cobia Achieves Good Alternative Ranking from Seafood Watch
YO! Sushi Acquires Leading North American Sushi Brand Bento Sushi
Natural Oils Achieves Sustainable Certification for Fish Oil
KM Seafood Achieves Friend of the Sea Certification for Tilapia and Perch
Ekofish Group Builds Twin-rigger at Damen Maaskant
Smoke Some Oysters and Celebrate Native American Heritage Month
Young’s Seafood Launches New, Premium Shellfish Range, Plugging Gap in Recipe Inspiration
Fishmonger’s Choice Offers Fresh, Seasonal, British Fsh to Encourage Lesser-Known Species
Top 6 Vendors in the Shrimp Market from 2017 to 2021
Inland Seafood Announces that the Company is Now Employee-Owned
Korean Premium Seafood Brand, K·FISH, To Be Introduced To The U.S. Market This Month
Sysco Corporation Honors 2017 Top Suppliers
Belgian Imperial Heritage Obtains Friend of the Sea's Certification for its Caviar
BioMar at Karmøy Sets Production Capacity Record
BAP Certifies First North American Salmon Smokehouse
The 17th Salmon ShowHow – Engage your Senses
Thai Union “Highly Commended” for Sustainability Efforts at Ethical Corporation Awards
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
Workshop: Fish health vital for profitable farming
Zimbabwe The Zimbabwe Fish Producers’ Association, supported by the Zimbabwe Agricultural Society, invites stakeholders in the fish industry and all fish producers to a Workshop and Fish Information Day ...
ANFACO-CECOPESCA participates in WTO XI Ministerial Conference
Spain ANFACO-CECOPESCA Secretary General will once again represent the interests of the sector in this XI Ministerial Conference of the WTO, which will be held in Buenos Aires, Argentina, from December 10 to 13.
Legal instruments to protect biodiversity in high seas advanced
European Union The progress achieved on legally-binding instruments for the conservation and sustainable use of marine biodiversity in the high seas was welcomed by the European Commissioner for Environment, Maritime Affairs and Fisheries.
Parliamentarians and MSC discussed PNA fishery recertification
United Kingdom Compartmentalisation of fisheries and the re-certification of the controversial Parties to the Nauru Agreement fishery in the western Pacific were discussed this week at the British Parliament.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
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.
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
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. -Headquarter-
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
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Marona S.A.
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
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands
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 -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
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
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2017 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER