Bergen, Norway-headquartered Marine Harvest on July 16 reported operational EBIT for the group was approximately NOK 700 million in the second quarter of 2015. The result was down sharply from NOK 1,200 million in Q2 2014, which was a record-setting quarter.
Total operational EBIT per kilogram was as follows for the main sources of origin in the supply chain:
- Norway: NOK 9.7 (down from 12.1 during the same period the year before)
- Scotland: NOK 5.4 (down from 12.1)
- Canada: NOK 2.1 (down dramatically from 11.0)
- Chile: NOK 5.4 (up significantly from -4.6)
The world’s largest producer of farm-raised salmon harvested 104,000 tons during the period, compared with 114,000 tons in Q2 of 2014. Volumes by production regions were reported as follows:
- Norway: 64,000 tons (down from 69,000 tons during the same period in 2014)
- Scotland: 12,000 tons (down from 18,000 tons)
- Canada: 12,000 tons (up from 7,000 tons)
- Chile: 13,000 tons (down from 16,000 tons)
- Other: 3,000 tons (down from 4,000 tons)
- Total: 104,000 tons (down from 114,000 tons)
The company reported that net interest bearing debt (NIBD) was approximately NOK 7,700 million at the end of the quarter, and that the operational EBIT for Marine Harvest Chile was approximately US$5 million.
A complete report on second quarter 2015 results will be released on August 12.
