Since 2012, world salmon production has increased by a modest 13 percent. This has not been nearly enough to match growth in demand. Salmon prices have increased by 132 percent in the same five-year period.
It is worth gold for the world’s largest producer of salmon.
Marine Harvest reported in a performance update on October 16 an operational operating profit of approximately 191 million euros in the third quarter of 2017.
For the whole of 2017, analysts expect an operating profit of 850 million euros, rising to 951 million in 2018 and 979 million euros in 2019, according to estimates that Inquiry Financial has obtained for TDN Finans.
Six out of ten analysts recommend buying, one recommends hold, while three have sales recommendations on Marine Harvest stock.
