February 6, 2014

In the fourth quarter of 2013, Marine Harvest Group achieved an operational earnings before interests and taxes (EBIT) of NOK1,034 million (US$166 million), compared to NOK64 million (US$10 million) in the corresponding quarter of 2012.

"2013 was the best year so far for Marine Harvest, with all time high revenues and annual operating profit. I am proud of all the dedicated Marine Harvest employees that work hard every single day and contributed to this strong result," says chief executive officer Alf-Helge Aarskog.

As a consequence of the good results, a quarterly dividend of NOK1.20 (US$0.20) per share (after reverse split 10:1 as of January 23, 2014) will be distributed.

Marine Harvest Group reported operational revenues and other income of NOK6,743 million (US$1.1 billion) in the fourth quarter of 2013. Total harvest volumes were 103,378 tonnes in the quarter.

Salmon of Norwegian origin achieved an operational EBIT per kilogramme of NOK12.03 (US$1.93) in the fourth quarter, while salmon of Scottish  and Canadian origin reported operational EBIT per kilogramme of NOK10.23 and NOK10.20 respectively (US$1.64 and US$1.63). Salmon of Chilean origin achieved an operational EBIT per kilogramme of NOK2.48 (US$0.40). The figures include contribution from Sales and Marketing, including VAP Europe and Morpol Processing. Marine Harvest VAP Europe reported an operational EBIT of NOK37 million (US$6 million) compared to NOK16 million (US$2.6 million) in the fourth quarter of 2012. Morpol Processing reported an operational EBIT of NOK64 million (US$10.3 million).

Marine Harvest Group harvested a volume of 343,772 tonnes gutted weight in 2013, compared to 392,306 tonnes in 2012.