Marine Harvest's 4Q output down


SeafoodSource staff

Published on
January 17, 2010

Marine Harvest on Monday released its fourth-quarter production results, including a 9,000-metric-ton drop in Chilean output.

The world's largest farmed salmon company produced a total of 87,000 metric tons in the fourth quarter of 2009, down 3,000 metric tons from the same period in 2008 but up 5,000 metric tons from the third-quarter forecast.

Norwegian output was up 5,000 metric tons to 58,000 metric tons, while Chilean output was down 9,000 metric tons to just 6,000 metric tons due to the infectious salmon anemia outbreak. Scottish and Canadian output reached 10,000 metric tons and 9,000 metric tons, respectively.

Additionally, Marine Harvest Norway posted a per-kilogram operational EBIT of approximately NOK 4.1 in the fourth quarter of 2009, a figure negatively influenced by approximately NOK 0.65 due to harvesting from a farm site hit with pancreas disease in November.

News of the company's fourth-quarter production results come three days after it announced that Svein Aaser, who has been Marine Harvest's chairman since the company's inception in 2006, announced that he is stepping down from his post, effective 18 January. Vice Chairman Ole Eirik Lerøy will step in as chairman and Leif Frode Onarheim will act as vice chairman through the next annual general meeting late this year.

"Marine Harvest has just concluded a very good year, resulting in a dividend to the shareholders," said Aaser. "The company has a very strong management and exciting prospects. I am pleased to have had the opportunity to participate in developing the company to its present position."

Marine Harvest will release its fourth-quarter results on 10 February.

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