Operating revenues are up this quarter for Havfisk by approximately NOK 31 million (USD 3.7 million; EUR 3.4 million) when compared to company earnings this time last year.
The Norwegian seafood company boasted operating revenues of NOK 257 million (USD 31.4 million; EUR 28.9 million) for the second quarter of 2015, and an EBITDA of NOK 84 million (USD 10.2 million; EUR 9.4 million) – another leap over second quarter results for 2014, when EBITDA came to NOK 37 million (USD 4.5 million; EUR 4.1 million).
Higher prices and enhanced catch efficiency have allowed Havfisk to increase its income per operating day by 47 percent over last year. What’s more, shrimps, redfish and other species now account for 42 percent of total volume for Q2 2015 – during the corresponding time period in 2014, such species made up just 28 percent of total volume.
“We are satisfied with the results from the operations in the second quarter although several of our vessels have completed planned maintenance stays. Especially the fishery of other species such as shrimps and redfish have increased considerably, in line with catch strategy and expectations,” said Havfisk CEO Webjørn Barstad.
The seafood company noted that more cod had been fished this quarter; however, less haddock and saithe were caught compared to Q2 2014. Average price for harvested volume increased by 28 percent, noted Barstad.
“The prices have increased in the second quarter compared to the same period in 2014 both for cod and saithe. The haddock prices have decreased, while the shrimp prices have been good,” Barstad said.
“Havfisk has used the second quarter to prioritize fishing for redfish, shrimps and other species, in addition to cod. On 10 June 2015, Norway and Russia agreed to increase the total quota of haddock for the current year by 25 percent. The quota basis for cod and haddock is thereby good for the second half,” added Barstad.
Moving forward into quarter three, Havfisk will look to maintain this fishing strategy: “Fishing in the third quarter will also be directed at shrimps, redfish and Greenland Halibut to begin with, then increasingly turning to cod, haddock and saithe. The main part of the year`s planned maintenance is completed,” Barstad concluded.
