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Aker Biomarine Superba krill oil. (Photo: Stock File/FIS)

Aker Biomarine's Superba Krill sales rise by 35pc

Click on the flag for more information about Norway NORWAY
Thursday, March 01, 2012, 23:50 (GMT + 9)

The Aker BioMarine Group has reported operating revenues of NOK 101 million (EUR 13.5 million) in the fourth quarter of 2011 up from NOK 87 million (EUR 11.6 million) in the corresponding 2010 period. This growth is mainly attributable to higher Superba™ Krill sales in the fourth quarter of 2011 – the best‐ever quarter with sales of 70 tonnes versus 52 tonnes year-on-year.

EBITDA amounted to NOK 7 million (EUR 937,062) in Q4 2011 compared with NOK -13 million (EUR -1.7 million) a year prior. EBITDA growth is also largely attributable to improved Superba™ Krill sales.

Matts Johansen

“Aker Biomarine and its customers continue to enjoy significant growth for Superba™ Krill oil, with a 35 per cent year-over-year growth in Q4,” said Matts Johansen, executive vice president of sales and marketing, Nutraingredients reports. “In the quarter, five additional customers launched their own krill products based on Superba™ Krill.”

For the first time in several years, Saga Sea began harvesting in December and achieved a good production of 1,105 tonnes of Qrill™ by year‐end – an improvement over Q4 2010 (589 tonnes). The quarter was the secondbest in the company’s history.

Also, Qrill™ sales prices continued their rising trend while fishmeal prices dropped significantly -- an indication that Aker BioMarine is being successful at convincing the aquaculture market of the benefits of using Qrill™ as a feed ingredient and gaining recognition for a product clearly differentiated from traditional fishmeal, the company said.

Aker BioMarine expects its new vessel Antarctic Sea to begin harvesting in late March.
 
The company expects sales volumes of Superba™ Krill to continue to show seasonal variations that affect quarterly figures, but the underlying trend is distinctly climbing.

The Saga Sea

Investments reached NOK 192 million (EUR 25.7 million) in the fourth quarter of 2011. The figure is mainly due to NOK 161 million (EUR 21.6 million) for the acquisition of and upgrades to the Antarctic Sea, plus other upgrades to the company’s vessels Saga Sea and La Manche.

Aker BioMarine expressed optimism regarding its ongoing development. Key factors for driving continued growth are securing the approvals required to gain entry into new markets, development of additional krill products and applications and sustained focus on quality, supply reliability and sustainability, the firm said.

By Natalia Real
[email protected]
www.fis.com


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