August 22, 2013

Marine Harvest reports soaring Q2 2013 earnings
 
 
 
In the second quarter of 2013, the Marine Harvest Group achieved an operational earnings before interest and taxes (EBIT) of NOK901 million (US$148 million), compared to NOK231 million (US$38 million) in the corresponding quarter of 2012.

 

"Backed by a strong market, Marine Harvest delivers the best second quarter in history. Naturally, we are very pleased with these results. As a consequence we are proposing an extraordinary dividend of NOK0.05/share (US$0.01). The future prospects for Marine Harvest are also good. We are ramping up production estimates with 55,000 tonnes in 2014, to 390,000 tonnes," says CEO Alf-Helge Aarskog.

 

Marine Harvest Group reported operational revenues and other income of NOK4,445 million (US$732 million) in the second quarter of 2013. Total harvest volumes were 79,438 tonnes in the quarter.

 

Marine Harvest Norway achieved an operational EBIT per kilogramme of NOK12.33 (US$2.03) in the second quarter, while Marine Harvest Scotland and Marine Harvest Canada reported operational EBIT per kilogramme was NOK13.55 (US$2.23) and NOK14.55 (US$2.40) respectively. As planned, Marine Harvest Chile did not harvest fish in the second quarter. Marine Harvest Group expects to harvest a volume of 335,000 tonnes gutted weight in 2013, of which 80,000 tonnes are expected to be harvested in the third quarter.

 

Marine Harvest Group is the world's leading seafood company and largest producer of farmed salmon, with presence in 22 countries and a total of 6,400 employees worldwide. The company is headquartered in Bergen, Norway, and is listed on the Oslo Stock Exchange.

Video >

Follow Us

FacebookTwitterLinkedIn