Record high Q3 earnings for Marine Harvest

News
1676

Marine Harvest achieved an operational EBIT of EUR 207 million in the third quarter of 2018, compared to EUR 194 million in the corresponding quarter of 2017.  

The Marine Harvest Board has resolved a quarterly dividend of NOK 2.60 per share, supported by the good results, a strong market outlook, and a solid financial position.

“This has been a very good quarter for Marine Harvest. We managed to generate a record high operational result for the third quarter as demand for salmon continues to increase the value of our products,” says CEO Alf-Helge Aarskog.

Marine Harvest Group reported record high Q3 operational revenues of EUR 990 million in the third quarter of 2018.

Total harvest volume was 109 896 tonnes in the quarter. Harvest guidance for 2018 remains unchanged at 380 000 tonnes. Estimated harvest volume for 2019 is 430 000 tonnes.

Salmon of Norwegian origin achieved an operational EBIT per kilo of EUR 2.25 in the third quarter, while salmon of Scottish and Canadian origin reported operational EBIT per kilo of EUR 1.36 and EUR 1.05 respectively. Salmon of Chilean origin reported operational EBIT per kilo of EUR 1.28 in the quarter.

MH Feed reported an operational EBIT of EUR 7.3 million. MH Consumer Products reported an operational EBIT of EUR 16.0 million.

“Marine Harvest Feed produced record high volumes in the third quarter. I am very pleased that the growth continues with the opening of the new feed factory in Scotland in 2019. It is also very encouraging to see the growth and margin achievements in our value-added production in the US and Asia,” says Aarskog.