Sheffield, U.K.-headquartered Benchmark has announced plans to uplist to the Oslo Børs in the first half of 2023, it announced in conjunction with the release of its third-quarter 2022 financial results.
The aquaculture biotechnology firm is currently listed on the Euronext Growth Oslo exchange. Accompanying the presentation of Benchmark’s third-quarter results on 25 August, Benchmark CEO Trond Williksen said the
… Read More
Iceland Seafood International (ISI) reported a 14 percent uptick in sales in the first half of 2022, but that wasn’t enough to overcome higher operating costs, as the Reykjavik, Iceland-headquartered seafood company posted a normalized loss before tax of EUR 1.8 million (USD 1.8 million) in H1 2022.
While its total sales in H1 2022 reached EUR 238.4 million (USD 238 million), its bottom-line loss of EUR 2.9 million (USD 2.4 million)
… Read More
Private equity investor Ocean 14 Capital Fund (O14C) has entered into an agreement to invest in MITO, a European clam breeder and hatchery.
MITO, created through the O14C transaction, is the consolidation of a clam hatchery and nurseries in Italy and the Netherlands. The company was co-founded by Gianluigi Lago, Paola Landri, and Maurizio Varagnolo, industry veterans with deep expertise in breeding and farming of Veneridae clams
… Read More
Inverkerry Hatchery and Smolt Unit at Gairloch in Wester Ross, Scotland, has undergone a major overhaul in order to meet stringent organic standards. The facility will organically produce around 1.2 million smolts for Organic Sea Harvest.
The upgraded Hendrix Genetics site was unveiled 24 August by Scottish Rural Affairs Secretary Mairi Gougeon, who said the “significant investment” in the new facilities was another example of how
… Read More
Lerøy Seafood Group (LSG) reported revenues in excess of NOK 6.5 billion (USD 670.8 million, EUR 676.3 million) for the second quarter of 2022, a 24 percent increase over Q2 2021. At the same time, the Bergen, Norway-based fish-farming and fishing company’s operating profit before fair-value adjustments of NOK 923 million (USD 95.3 million, EUR 96 million) was 58 percent ahead of Q2 2021.
According to LSG’s Q2 2022 report,
… Read More
Lübeck, Germany-headquartered food-processing equipment manufacturer Baader has established a holding company, Baader Global SE.
Forming the holding company offers “the ideal framework” for the company to further develop its corporate structure with various business units and subsidiaries in Germany and abroad ...
Photo courtesy of
… Read More
Grieg Seafood Group (GSF) achieved operational earnings before interest and taxes (EBIT) of NOK 986 million (USD 101.4 million, EUR 101.6 million) before fair-value adjustment of biomass in Q2 2022, eclipsing the NOK 44 million (USD 4.5 million, EUR 4.5 million) the company brought in during the corresponding period of 2021.
Driven by exceptionally high salmon prices and a good biological performance, the Bergen, Norway-headquartered
… Read More
Good operations and higher salmon prices led Mowi to achieve its best quarterly results ever in Q2 2022, with record-high operational earnings and revenue.
The Bergen, Norway-headquartered producer’s second-quarter 2022 report indicated the company posted operational earnings before interest and taxes (EBIT) of EUR 320 million (USD 319.1 million), and a revenue of EUR 1.23 billion (USD 1.2 billion)
… Read More
Bakkafrost Group has posted total operating earnings before interest and taxes (EBIT) of DKK 587 million (USD 78.5 million, EUR 78.9 million) for the second quarter of 2022, up from DKK 407 million (USD 54.4 million, EUR 54.7 million) in the corresponding period of 2021.
The Faroe Islands-based Atlantic salmon farming group’s operating revenues increased to almost DKK 1.7 billion (USD 227.3 million, EUR 228.5 million) for Q2, and to DKK
… Read More
Liverpool, United Kingdom-based food and beverage group Princes has launched a roadmap toward achieving 100 percent sourcing of its U.K. Princes branded tuna from Marine Stewardship Council-certified sustainable fisheries by the end of 2025.
The roadmap features three key milestones designed to increase Princes’ sale of MSC-labeled tuna products to 25 percent of its overall tuna sales by the end of 2023, 50 percent in 2024, and
… Read More
