‘Historical quarter’ for Marine Harvest

By

SeafoodSource staff

Published on
October 24, 2013

Marine Harvest announced an operation EBIT of NOK 793 million (USD 134.5 million, EUR 97.6 million) for the third quarter of 2013, up significantly from NOK 73 million (USD 12.4 million, EUR 9 million) in the same period last year.

The company reported other income of NOK 4.3 billion (USD 730 million, EUR 529 million) for the quarter, up from NOK 3.6 billion (USD 611 million, EUR 443 million) in the third quarter of 2012. Total harvest volumes were 80,921 metric tons (MT), down from 93,299 MT during the same period last year.

Salmon from the company’s Norway division achieved an operation EDIT of NOK 9.96 (USD 1.69, EUR 1.23) per kilo, while the Scotland and Canada divisions reported operational EBIT of NOK 16.47 (USD 2.80, EUR 2.03) per kilo and NOK 10.92 (USD 1.85, EUR 1.34) per kilo, respectively. The Chile division achieved operational EBIT of NOK 1.68 (USD 0.29, EUR 0.21) per kilo.
The company expects to harvest 340,000 MT gutted weight in 2013, of which 99,600 MT will be harvest in the fourth quarter.

“This is a historical quarter for us. With the acquisition of Morpol being approved, Marine Harvest has taken a significant step in the direction of becoming an integrated marine protein provider. The strong market, combined with solid operational performance enabled good results in the quarter,” said Alf-Helge Aarskog, CEO. “The strong market outlook encourages us, and Marine

Harvest is well positioned to take advantage of it. As a consequence of our good results this quarter we are proposing a dividend of NOK 0.075 per share for the third quarter.”

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