Marine Harvest’s operational earnings before interest and tax (EBIT) was about NOK 900 million (USD 148.2 million, EUR 113.7 million) in the second quarter of 2013 up from NOK 231 million (USD 35 million, EUR 26.9 million) during the same time period in 2012.
The figure does not take into account previously reported charges relating to restructuring of VAP Europe of EUR 27 million (USD 35.2 million) and legal disputes in Chile of USD 12.3 million (EUR 9.4 million) will be reported on lines below operational EBIT. Furthermore, Marine Harvest has resolved to discontinue the smoked salmon operations in Chile, causing a restructuring charge of USD 6 million (EUR 4.6 million).
Total operational EBIT per kilogram through the value chain for volume of Norwegian origin was approximately NOK 12.25 (USD 2 million, EUR 1.54 million) in the quarter.
Net interest bearing debt (NIBD) was approximately NOK 5.86 billion by the end of the quarter.
In it’s first quarter results, Marine Harvest predicted a harvest of 80,000 metric tons (MT) for the second quarter of the year. The actual total was 79,000 MT:
Harvest volumes 2Q 2013
Farming Norway 54 thousand MT
Farming Chile no harvest
Farming Canada 9 thousand MT
Farming Scotland 13 thousand MT
Other 4 thousand MT
Total 79 thousand MT
