Norway’s exports of whole fresh and frozen salmon maintained a downward trend in the first week of May, while fillet sales continued to move in the opposite direction, according to new analysis from the Norwegian Seafood Council …
Photo courtesy of TY… Read More
Samherji’s biggest shareholders – Helga Steinunn Guðmundsdóttir, Thorsteinn Már Baldvinsson, Kristján Vilhelmsson, and Kolbrún Ingólfsdóttir – have transferred their stakes in the business to their children, the Icelandic seafood company has confirmed.
Combined, the four Icelanders owned 86.5 percent of the shares in Samherji. They will control a 2 percent stake in the company after… Read More
Lerøy Seafood Group (LSG) achieved increased revenues of NOK 5.3 billion (USD 520.5 million, EUR 481.5 million) in the first quarter of this year, up from NOK 4.7 billion (USD 461.6 million, EUR 426.9 million) in the corresponding period of last year. At the same time, its operating profit before fair value adjustments climbed NOK 125 million (USD 12.3 million, EUR 11.4 million) year-on-year to NOK 816 million (USD 80.1 million, EUR 74.1… Read More
Following on the heels of its #FishToYourDoor campaign connecting households in the U.K. county of Cornwall with fresh fish – thereby keeping local fishermen going to sea and earning during the coronavirus crisis – the promotional platform Seafood Cornwall has launched #NHSFishFridays as a thank-you to the region's National Health Service workers.
Running for three consecutive Fridays starting on 15 May, the new scheme has secured… Read More
The introduction of a production tax on salmon, trout, and rainbow trout is set to be proposed by Norway’s government in its National Budget for 2021.
According to a statement on the Finance Ministry’s website, the tax rate suggested is NOK 0.40 (USD 0.04, EUR 0.03) per kilogram of fish produced. This is expected to generate around NOK 500 million (USD 49 million, EUR 45.4 million) annually, which will be split between local and… Read More
Increased costs and lower volumes led Mowi to post first-quarter operational earnings before interest and taxes (EBIT) of EUR 109 million (USD 118.2 million) in the first quarter of 2020, representing a decline of EUR 87 million (USD 94.3 million) on the corresponding period of last year.
The Bergen, Norway-headquartered salmon farming company reported lower operational revenues of EUR 885 million (USD 959.7 million) in the last quarter, down… Read More
Citing lower volumes sold, Norway Royal Salmon ASA (NRS) reported first-quarter operational revenues of NOK 1.27 billion (USD 123.9 million, EUR 114.5 million) and operational earnings before interest and taxes (EBIT) of NOK 74.8 million (USD 7.3 million, EUR 6.7 million), down on the respective totals of NOK 1.49 billion (USD 145.3 million, EUR 134.3 million) and NOK 161.5 million (USD 15.7 million, EUR 14.6 million) achieved in Q1… Read More
Norwegian seafood companies sold 183,000 metric tons (MT) of fisheries and aquaculture products in April, 30,000 MT less than in March and 7 percent lower than 2019’s corresponding month. At NOK 8.2 billion (USD 800.7 million, EUR 742 million), the value of the country’s seafood trade was down NOK 1.4 billion (USD 136.7 million, EUR 126.7 million) compared to March’s revenues, and NOK 666 million (USD 65 million, EUR 60.3… Read More
Klepp, Norway-based aquaculture services and equipment provider AKVA Group received orders totaling NOK 709 million (USD 69.4 million, EUR 64.1 million) in the first quarter of this year, down from a record NOK 1.1 billion (USD 107.7 million, EUR 99.5 million) in Q1 2019, with a slow start to the year made by its Land Based Technology (LBT) business segment.
The Q1 orderbook figure does not include the NOK 100 million (USD 9.8 million, EUR 9… Read More
Bergen, Norway-headquartered salmon farming group Grieg Seafood ASA claims that it weathered a lot of the challenges brought by the COVID-19 pandemic in the first quarter of this year, and that the crisis only had a limited bearing on its results for the period.
According to Grieg’s Q1 results statement, while the overall market situation has been impacted by the coronavirus, there continues to be a high demand for salmon. Also, the… Read More