Biological problems caused Bakkafrost Group to see losses in the fourth quarter of 2021. But a record harvest and high prices helped the company post improvements on its operational earnings before interest and taxes (EBIT) in the fourth-quarter.
Glyvrar, Faroe Islands-based Bakkafrost Group delivered a higher total operational EBIT of DKK 120 million (USD 18.3 million, EUR 16.1 million) in Q4 2021, up from DKK 89 million (USD 13.6… Read More
Aker BioMarine ASA achieved revenue of USD 75.7 million (EUR 66.6 million) and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of USD 7.2 million (EUR 6.3 million) in the fourth quarter of 2021, compared with USD 75.5 million (EUR 66.4 million) and USD 21.1 million (EUR 18.6 million) in the corresponding period of 2020 ...
Photo courtesy of Aker… Read More
Increased production capacity helped SalMar ASA to produce a record high volume of 56,400 metric tons (MT) in the fourth quarter of 2021. However, Frøya, Norway-headquartered salmon farming firm saw its results for the period affected by higher costs brought by biological challenges and weak price achievement.
The company delivered total operational earnings before interest and taxes (EBIT) of NOK 890 million (USD 99.9 million, EUR 87.8… Read More
Norway Royal Salmon (NRS) achieved operational earnings before interest and taxes (EBIT) of NOK 101.6 million (USD 11.4 million, EUR 10 million) and an EBIT-per-kilogram of NOK 9.43 (USD 1.06, EUR 0.93) for the fourth quarter of 2021, according to preliminary figures compiled by the Trondheim-headquartered producer.
Its corresponding figures for the same quarter of 2020 were NOK 17 million (USD 1.9 million, EUR 1.7 million) and NOK… Read More
Bergen, Norway-based fish-farming and fishing company Lerøy Seafood Group (LSG) reported revenues in excess of NOK 6.5 billion (USD 728.8 million, EUR 641.4 million) for the fourth quarter of 2021, a 26 percent year-over-year increase. At the same time, its operating profit before fair value adjustments more than doubled to NOK 902 million (USD 101.1 million, EUR 89 million).
According to LSG’s Q4 2021 report, the strong demand for… Read More
Higher salmon prices helped Bergen, Norway-headquartered producer Mowi to achieve operational earnings before interest and taxes (EBIT) of EUR 145.8 million (USD 166 million) in the fourth quarter of 2021, almost trebling the EUR 49.4 million (USD 56.3 million) that it posted in the corresponding period of 2020.
Mowi’s operational revenue of almost EUR 1.15 billion (USD 1.3 billion) in the last quarter was up from EUR 1 billion (USD 1.1… Read More
A Spanish fishing boat sank in rough seas off Canada’s east coast in the early hours of Tuesday, 15 February, 2022, taking the lives of at least 10, with another 11 missing. A search is ongoing for the remaining missing fishers.
Fifty-meter vessel “Villa de Pitanxo” operates out of northwest Spain's Galicia region. Owned by Grupo Nores, its 24-member crew included 16 Spaniards, five Peruvians, and three Ghanaians.
According to… Read More
Exports of farm-raised Scottish salmon, the United Kingdom’s most valuable food export, recovered to near-record figures in 2021.
According to official HMRC figures, overseas sales of salmon in 2021 increased by 36 percent year-over-year to GBP 614 million (USD 832.7 million, EUR 732.4 million), just GBP 4 million (USD 5.4 million, EUR 4.8 million) short of 2019’s all-time high.
Scottish salmon was shipped to 52 different markets in… Read More
With salmon prices increasing and more fish to sell, Grieg Seafood posted a fourth-quarter 2021 operational EBIT of NOK 265 million (USD 29.8 million, EUR 26.3 million) reversing the Q4 2020 operating loss of NOK 16 million (USD 1.8 million, EUR 1.6 million).
The Bergen, Norway-headquartered producer harvested 23,727 metric tons (MT) of Atlantic salmon in the last quarter, up 17 percent from 20,271 MT a year previously. It reported increased… Read More