Scottish-owned family company Dawnfresh Seafoods, one of the United Kingdom’s largest processors and producers of fish and seafood, has been placed into administration, with staff at its factories in Arbroath and Uddingston told of the news on Tuesday 1 March 2022 …
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Norwegian Seafood Council (NSC) is looking for a new CEO following the resignation of Renate Larsen, who has been in the role for six years.
In a press release, Larsen said the decision to step down as head of the trade body representing the Norwegian seafood industry was hers alone, and that she will remain in the position throughout her six-month notice period if the NSC board requires it.
“There’s no drama behind my decision. I… Read More
Trondheim, Norway-based cod aquaculture company Norcod AS harvested 1,390 metric tons (MT) of fish in 2021, achieving NOK 72 million (USD 8 million, EUR 7.1 million) in revenue …
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Trondheim, Norway-headquartered Norway Royal Salmon (NRS) has reported operational earnings before interest and taxes (EBIT) of NOK 102 million (USD 11.5 million, EUR 10.2 million) and earnings before interest and taxes (EBIT) per kilogram of NOK 9.43 (USD 1.07, EUR 0.94) for the fourth quarter of 2022. Both figures were up year-over year, with 2020’s Q4 EBIT at NOK 17 million (USD 1.9 million, EUR 1.7 million) and its EBIT per kilo… Read More
With increased demand following the easing of COVID-19 restrictions, Reykjavik-headquartered Iceland Seafood International (ISI) achieved total sales of EUR 449 million (USD 509.5 million) for the full-year 2021 ...
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Having secured an eight-figure funding package from banking group HSBC U.K., backed by U.K. Export Finance (UKEF), Peterhead, Scotland-based Denholm Seafoods has set its sights on supplying new markets across Europe and Asia.
In a press release, the herring and mackerel fresh and frozen processor confirmed that the funding package was backed by a GBP 15 million (USD 20.4 million, EUR 18 million) general export facility backed by UKEF, the… Read More
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 ...
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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