Rosyth boosts MH results

MARINE Harvest Consumer Products recorded a record high operational EBIT, the company announced last month, which was in large part down to its Scottish facility in Rosyth.

Operational EBIT for Consumer Products for the final quarter of 2016 was EUR 22.9 million (compared to EUR 9.8 million in 2015), which is an all-time high.

‘In spite of significantly increased raw material prices, our Consumer Products organisation has been able to improve earnings,’ said Marine Harvest’s report.

‘The increase is due to operational improvements as well as sales prices having been adjusted to reflect rising raw material costs.

‘Our Rosyth plant in Scotland contributed EUR 11.4 million of the total EUR 13.1 million improvement in Operational EBIT for the fourth quarter of 2016 compared to the fourth quarter of 2015.’

The results for the Rosyth plant improved significantly from the end of 2015 and the first part of 2016, when they were heavily impacted by preparation and start-up costs.