Markets & Retail
Record-breaking Q2 for Marine Harvest
sponding quarter of 2013. The second quarter was a
MARINE Harvest achieved an operational EBIT of NOK 1 220 million in the second quarter of 2014, compared to NOK 901 million in the corre-
strong one for Marine Harvest, with record high profit and volume. As a consequence of the good results, the board has resolved a quarterly dividend of NOK 1 per share, says CEO, Alf-Helge Aarskog. Marine Harvest Group reported op- erational revenues and other income of NOK 6 563 million (NOK 4 445 million) in the second quarter of 2014. Total harvest volumes were 114 176 tonnes in the quarter (79 438 tonnes). Harvest guidance for 2014 is 414 000 tonnes.
HIGHER harvests and strong market prices have combined with a market-led strategy and good export sales to drive a record-breaking half-year for The Scottish Salmon Company (SSC). SSC has reported a successful first half of 2014, with record revenue levels in both quar- ters; Q1 revenues were 48% higher than the previous year, and this continued in Q2, with a 43% increase over the same quarter in 2013.
Big gains for Bakkafrost
THE Bakkafrost Group, the largest salmon farming company in the Faroe Islands, delivered a total operating EBIT of 212.1 million Danish kroners (DKK) in the second quarter of this year. The combined farming and VAP segment made an operational EBIT of DKK
180.0 million in Q2 2014 and the farming segment made an operational EBIT of DKK 159.5 million. The salmon spot prices decreased during the quarter, while the VAP contract prices stayed on a record high level. The company said that because of the decreasing spot prices, the performance in the VAP segment improved during the quarter, and the operational EBIT came to DKK 20.5 million in Q2 2014. The EBITDA for the FOF segment was DKK 57 million.
Record results for Scottish Salmon Company
Total revenue for the six months was £61.5m, up from £42.4m for the first half of 2013. The results reflect SSC’s strong biologi- cal performance during Q2. Warm waters encouraged growth and increased harvest volumes – with 8,027 tonnes harvested in Q2 2014 compared with 5,976 the previous year – and high market prices dominated the first six months of 2014.
‘Best Fish’ award for Saucy Fish Co Norway Royal Salmon reports
decrease in revenues
THE Saucy Fish Co has won ‘Best Fish’ Award in the Healthy Food Guide Food & Drink Awards 2014 for its bestselling Salmon with Chilli Lime and Ginger Sauce product – offering the best taste and nutrition- al value in its category. The annual awards from the top consumer healthy food magazine recognise stand out nutritious products in the food and drink sector, as voted for by readers and a panel of food experts and dieticians. One of Saucy Fish’s flagship
products, Salmon Chilli Lime and Ginger is only 195 calories per serving, packed full of Omega 3 and is now sold in the USA and Australia. This is the second consumer award for this product.
80
Scottish salmon exports on the rise
NORWAY Royal Salmon (NRS) has announced a decrease in year on year operating revenues of 12 per cent in the second quarter of this year. A report in FIS states that the company’s revenues were NOK 595.7 million (USD 96.7 million), less than the NOK 675.6 million (USD 109.6 million) obtained in the same period last year. The operational EBIT also decreased, from NOK 71.5 million (USD 11.6 million) last year to NOK 26.5 million (USD 4.3 million) in 2014. The company also reported a gutted weight harvest of 5,382 tonnes for the quarter, a decrease of 21 per cent on last year. NRS states that this, plus lower sales prices and an increase in provision following uncertainty about the Russian and Ukraine markets, have accounted for the decrease in the company’s operating revenues. There was also a NOK 86.3 million (USD 14 million) decrease in positive cash flow for the quarter compared to last year, with operating activities generating NOK 48.6 million (USD 14 million) for the quarter. However, the company’s total assets – NOK 1,978 million (USD 321 million) increased from last year by NOK 145 million (USD 23.5 million), which represented an increase in NRS’s receivables and fixed assets.
WITH 65 countries now enjoying Scottish salmon, exports of the quality fish have increased by £60 million in the first six months of the year, proving that overseas demand remains high. An additional 12,000 tonnes made its way to kitchens and dining tables around the world marking yet another outstanding period of performance for the industry. These results come as an independent survey of retail and foodservice buyers voted Scottish farmed salmon the best in the world for taste, quality and appearance.
www.fishfarmer-magazine.com
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84