Marine Harvest has best quarter in history

Marine Harvest on Wednesday announced an operational EBIT of NOK 901 million (USD 149.8 million, EUR 111.9 million) for the second quarter of 2013, compared to NOK 231 million (USD 38.4 million, EUR 28.7 million) during the same time period in 2013.

Operational revenues totaled NOK 4.5 billion (USD 748.3 million, EUR 558.6 million), up from NOK 4 billion (USD 665 million, EUR 496.5 million) in the second quarter of 2012. Total harvest volume for the quarter was 79,438 metric tons (MT).

For the quarter, Marine Harvest Norway achieved an operational EBIT per kilo of NOK 12.33 (USD 2.05, EUR 1.53) compared to NOK 3.37 (USD 0.56, EUR 0.42) in the second quarter of last year.

Marine Harvest Scotland and Marine Harvest Canada reported operational EBIT per kilo of NOK 13.55 (USD 2.25, EUR 1.68) and NOK 14.55 (USD 2.41, EUR 1.80) respectively compared to NOK 7.11 (USD 1.18, EUR 0.88) and a loss of NOK 4.18 (USD 0.69, EUR 0.52) in the second quarter of the year.

As planned, Marine Harvest Chile did not harvest fish in the second quarter.

The company expects to harvest a volume of 335,000 MT gutted weight in 2013, of which 80,000 MT are expected to be harvested in the third quarter.

“Backed by a strong market, Marine Harvest delivers the best second quarter in history,” said Alf-Helge Aarskog, CEO. “Naturally, we are very pleased with these results. The future prospects for Marine Harvest are also good. We are ramping up production estimates with 55,000 MT in2014, and 390,000 MT.


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