Marine Harvest salmon processing plant. (Photo: Marine Harvest)
Marine Harvest Q2 harvest below expectations
Friday, July 14, 2017, 21:40 (GMT + 9)
Marine Harvest achieved an operational EBIT of EUR 196 million in Q2, representing a growth of 31.5 per cent compared to EUR 149 million obtained in the first quarter last year.
The total volume of its harvests amounted to 78,500 tonnes (provided in gutted weight equivalents, GWE) in the quarter analyzed, 5 per cent below the 83,000 tonnes it had estimated when it published the results of the previous quarter.
The harvest volumes of salmon species obtained in the first quarter this year in the different countries where the Norwegian group operates were:
- Norway: 39,500 tonnes
- Scotland: 18,500 tonnes
- Canada: 9,500 tonnes
- Chile: 7,500 tonnes
- Others: 3,500 tonnes
- Total: 78,500 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 3.10
- Canada: EUR 2.35
- Chile: EUR 1.45
- Ireland: EUR 3.40
Reported net interest bearing debt (NIBD) was approximately EUR 555 million at the end of the quarter.
Marine Harvest informed that the complete Q2 2017 report will be released on August 24.
Photo Courtesy of FIS Member Marine Harvest ASA - Headquarters