Marine Harvest harvested 87,000 metric tons (MT) of salmonids in the second-quarter of this year, down 3,000 MT on its forecast for the period, according to the company’s latest trading update.
For the three-month period, the company’s Norwegian operations harvested 54,000 MT of salmon, while its Chilean operations harvested 7,000 MT. Scotland and Canada harvested 11,000 MT and 11,500 MT respectively, and a further 3,500 MT was harvested from its other production regions.
The Norway-headquartered salmon producer achieved operational earnings before interest and taxes (EBIT) of EUR 147 million (USD 162.5 million) in Q2 2016, up from EUR 84 million (USD 92.8 million) in in the corresponding quarter of 2015.
Its salmon of Norwegian, Scottish and Canadian origin respectively achieved operational EBITs of EUR 2.10 (USD 2.32), EUR 0.45 (USD 0.50) and EUR 2.35 (USD 2.60) per kg in Q2 2016. At the same time, its salmon of Chilean origin achieved an operational EBIT of EUR -0.25 (USD -0.28) per kg.
The trading update stated that the reported net interest bearing debt (NIBD) was approximately EUR 830 million (USD 917.1 million) at the end of the quarter.
Marine Harvest’s complete Q2 2016 report will be released on 18 August.
