Seaborn profits fall despite higher sales

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The company has never had higher sales – but Seaborn is warning tougher competition at the exporter level is starting to show in earnings.

The Bergen company’s 40 employees invoiced sales of salmon and trout for just over EUR 463.1 million in 2017. This resulted in an operating profit of EUR 4.3 million – and an operating margin of less than 0.9 percent.

Yet even though Seaborn saw sales increase by just over 13 percent, the result dropped from the previous year.

Seaborn shareh.olders received a dividend of EUR 1.7 million after last year, identical 2016 fiscal year’s dividends.