London-based seafood writer and communications consultant Jason Holland has been a contributing editor to SeafoodSource.com since January 2010. Jason has more than 25 years of experience as a B2B journalist and editor – a career that has taken him all over the world. He believes he found his true professional calling in 2004 when he started documenting the many facets of the international seafood industry and he’s particularly proud of the strong, collaborative relationships he has formed at all stages of the supply chain.
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Bergen, Norway-headquartered Lerøy Seafood Group (LSG) reported increased revenue and operational EBIT, as well as a larger harvest year over year, in the last quarter of 2024.
According to the group’s Q4 2024 report, LSG reported a consolidated operational EBIT of NOK 799 million (USD 70.9 million, EUR 68.2 million) in the period, representing an increase of NOK 35 million (USD 3.1 million, EUR 3 million) on the corresponding
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Following a difficult year in 2023 that featured price fluctuations, uncertainty in key markets, and decreased purchasing power for consumers, Iceland Seafood International (ISI) turned around its financial performance in 2024, with all divisions in the group returning to profit, according to CEO Ægir Páll Friðbertsson.
In a statement accompanying Reykjavik-headquartered ISI’s fourth-quarter and full-year 2024 results,
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With regulatory and global trade uncertainties affecting the Canadian operations of Bergen, Norway-headquartered Grieg Seafood, the firm has announced plans to scale back in North America and, instead, hone in on growth in Norway.
In Grieg’s financial report for the fourth quarter of 2024, CEO Andreas Kvame acknowledged the “need for action” and confirmed the group would now focus its efforts on sustainable and profitable
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Scottish salmon achieved a new record high export value of GBP 844 million (USD 1.1 billion, EUR 1 billion) in 2024, according to new figures published by HM Revenue and Customs (HMRC), eclipsing its previous best export value of GBP 618 million (USD 777.9 million, EUR 746.5 million) that the industry set in 2019.
Scottish salmon achieved this record through a 45 percent increase in international sales year over year, including a 60 percent rise
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Bildudalur, Iceland-based salmon-farming firm Icelandic Salmon struggled with biological issues throughout 2024, but the company was able to stabilize conditions and improve its harvest volumes and weights during the year’s closing quarter, according to CEO Bjørn Hembre.
While announcing the firm’s Q4 2024 results, Hembre said the group, which is the sole owner and parent company of farming and processing company Arnarlax and
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Faroe Islands-headquartered salmon-farming firm Bakkafrost reported a dip in revenues but an increase in profits during the fourth quarter of 2024, particularly pointing toward the performance of its Farming Scotland (SCT) segment as a driver of growth.
The group achieved Q4 2024 revenues of DKK 1.47 billion (USD 206.4 million, EUR 197 million), down from DKK 1.56 billion (USD 219 million, EUR 209.1 million) in Q4 2023. Its EBIT of DKK 280
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The fourth quarter of 2024 concluded a challenging year for Frøya, Norway-headquartered salmon-farming company SalMar, but according to CEO Frode Arntsen, the firm achieved biological and financial improvements in the period’s closing weeks, presenting a brighter outlook for the opening quarter of 2025.
Delivering the company’s Q4 report, Arntsen said 2024 featured harvest volumes and financial results that were negatively
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Norwegian aquaculture technology firm AKVA Group realized relatively stagnant growth in both the fourth quarter and the full year of 2024 but has its sights set on achieving more measurable gains this year.
AKVA brought in Q4 2024 revenues of NOK 792 million (USD 71.1 million, EUR 67.9 million), compared to NOK 800 million (USD 71.8 million, EUR 68.6 million) in Q4 2023. Its order intake for the period, however, climbed from NOK 718 million (USD
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Both the salmon-farming industry and the market would be negatively affected if the administration of U.S. President Donald Trump proceeds with its planned introduction of additional 25 percent tariffs on imports from Canada into the United States, according to Mowi CEO Ivan Vindheim.
From Mowi’s perspective, if the tariffs announced by The White House on 1 February 2025 are imposed, the Bergen, Norway-headquartered salmon
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Bergen, Norway-headquartered salmon-farming firm Mowi recently posted record results in both its fourth-quarter and full-year 2024 reports, and the recent acquisition of a controlling stake in fellow farming company Nova Sea will allow it to grow even further, according to CEO Ivan Vindheim.
Delivering Mowi’s latest results on 12 February, Vindheim said the deal announced at the end of January to acquire the remaining shares of Nova Sea
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