Highland Smoked Salmon post upturn in results

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Fort William based facility processes around 3000 tonnes of salmon a year.

Highland Smoked Salmon posted its latest results for the year ended 30 September 2019.

Largest privately owned smokehouse in Scotland post an EBITDA of GBP 3.7 million, a slight increase from 2018’s GBP 3.5 million. Turnover increased from GBP 18.4 million to GBP 19.8 million.

The results mark an upturn when compared to 2018 annual report where it posted a 22.6 per cent drop in earnings.

The company wrote that the “market for smoked salmon remains competitive”‘ and that it has a “sound financial base with a more than adequate cash flow to support operations and maintain profitability in the coming year.”

The 30-year-old company processes over 3000 tonnes of salmon a year and sells its products to European countries, the Far East, India and China. On coronavirus (which isn’t taken to account in the report as it took place in March 2020) the company said it even though the pandemic has “created unique challenges for our market sector and business not seen in a generation” it is still continuing to supply customers around the globe.