Trading updates from farm leaders
TWO leading salmon farming companies, Norway’s Marine Harvest and Bakkafrost in the Faroe Islands, have published their 2017 second quarter trading updates in advance of the full Q2 results later this month.
Marine Harvest says its harvest volumes for salmon only (gutted weight equivalent) for the period will be 39,500 tonnes for Norway, 18,500 tonnes for Scotland, 9,500 tonnes for Canada, 7,500 tonnes for Chile
and 3,500 tonnes for Ireland, making a total of 78,500 tonnes.
The company says it did not harvest any fish in the Faroe Islands during the second quarter. The oper- ational EBIT (earnings before interest and tax) is expected to be 196 million euros, compared with 149 million euros for Q2 in 2016.
The full second quarter results and report will be issued on August 24.
Over in the Faroe Islands, Bakkafrost says the total Q2 harvest volume (head on gutted) will be 18,400 tonnes, made up of 13,600 tonnes in the north of the islands and 4,800 tonnes in the west.
Feed sales for the period are 17,000 tonnes. The full results will be published on August 22.
Meanwhile, Bakkafrost says it is in the process of Aquaculture Stewardship Council (ASC) certifying its farming sites. This goal came a step closer recently when the farming site at Funningsfjørður was approved.
A spokesman said it aims aims at being the market leading aquaculture company, ‘raising a sustainable premium quality salmon’.