Bergen, Norway-headquartered Marine Harvest, the world’s largest producer of farm-raised fish, on February 5 reported that it rang up record revenues and profits in 2013. Earnings before interest and tax (EBIT) skyrocketed to NOK 1,034 million in the fourth quarter, compared to NOK 64 million during the same three-month period of 2012. As a result, stockholders will receive a quarterly dividend of NOK 1.20 per share.
Salmon of Norwegian origin achieved an operational EBIT per kilo of NOK 12.03 in the fourth quarter (up from 3.62 during the corresponding quarter in 2012), while salmon of Scottish and Canadian origin realized operational EBIT per kilo of NOK 10.23 and NOK 10.20 respectively (compared to NOK -1.14 and NOK -4.81 in 2012). Salmon of Chilean origin achieved an operational EBIT per kilo of NOK 2.48 (NOK -8.17).
The figures include contribution from sales and marketing, including VAP Europe and Morpol Processing. Brugge, Belgium-based Marine Harvest VAP Europe reported an operational EBIT of NOK -37 million, compared to NOK 16 million in the fourth quarter of 2012. Oslo, Norway-based Morpol Processing rang up an operational EBIT of NOK 64 million.
The Marine Harvest Group produced volume of 343,772 tons gutted weight in 2013, compared to 392,306 tons in 2012. Total harvest volume during the fourth quarter was 103,378 tons, compared to 103,215 tons the year before.
“Both Scotland and Canada had a record year for profit. We congratulate the teams responsible for the achievement,” said Helge Aarskog, chief executive officer. “I would also like to highlight Morpol in this quarter. Despite very high raw material prices, it managed to generate profit.”
