The Bergen, Norway-headquartered Marine Harvest Group On October 23 reported an operational EBIT of NOK 793 million for the third quarter of 2013, compared to NOK 73 million in the corresponding quarter of 2012. Cash flow from operations was NOK 559 million, compared to NOK 237 million during the third quarter of 2012.
“This is a historical quarter for us,” said CEO Alf-Helge Aarskog. “With the acquisition of Morpol being approved, we have taken a significant step in the direction of becoming an integrated marine protein provider. The strong market, combined with solid operational performance, enabled good results in the quarter. The strong market outlook encourages us, and Marine Harvest is well positioned to take advantage of it. As a consequence of our good results we are proposing a dividend of NOK 0.075 per share for the third quarter.”
Marine Harvest Group reported operational revenues and other income of NOK 4 307 million (NOK 3 647 million) in the third quarter of 2013. Total harvest volumes were 80,921 tons in the quarter during the same period.
Salmon of Norwegian origin achieved an operational EBIT per kilo of NOK 9.96 in the third quarter (compared to NOK 2.46 during the same period in 2012) , while salmon of Scottish and Canadian origin reported operational EBIT per kilo of NOK 16.47 and NOK 10.92, respectively (NOK 2.21 and NOK -5.31). Salmon of Chilean origin achieved operational EBIT per kilo of NOK 1.68 (NOK -2.89).
The figures include contributions from sales and marketing, including VAP Europe. Brugge, Belgium-headquartered Marine Harvest VAP Europe reported an operational EBIT of NOK -11 million compared to NOK 0 million in the third quarter of 2012. The Marine Harvest Group expects to harvest volume of 340,000 tons gutted weight in 2013, of which 99,600 tons are expected to be harvested in the fourth quarter.
“I would like to highlight the record high results of Scotland. We congratulate the team with the achievement,” said Aarskog.
The Marine Harvest Group is the world’s largest producer of farmed salmon, with presence in 22 countries and approximately 10,400 employees worldwide. The company is listed on the Oslo Stock Exchange.
