Sal­mar an­nounces out­stand­ing Q3

Fish Farmer - - European News -

SAL­MAR, one of the world’s largest salmon farm­ing com­pa­nies, an­nounced out­stand­ing re­sults for the third quar­ter of this year, with op­er­at­ing prof­its (EBIT) up by more than 200 mil­lion kro­ners to NOK 801.3 mil­lion. The fig­ure for Q3 2016 was NOK 576.3 mil­lion.

The com­pany has put the per­for­mance down to an im­proved bi­o­log­i­cal sit­u­a­tion and good op­er­a­tions in all of the group’s seg­ments, in­clud­ing Scot­tish Sea Farms in which it has part own­er­ship, and re­duced costs.

CEO Trond Wil­lik­son said: ‘Good op­er­a­tions in all seg­ments and a bi­ol­ogy in re­cov­ery has helped Sal­Mar de­liver a strong fi­nan­cial re­sult again, de­spite the de­cline in salmon prices through­out the quar­ter.

‘Es­pe­cially pos­i­tive is that the pos­i­tive cost devel­op­ment in re­cent quar­ters con­tin­ued in the third quar­ter, and our ex­ten­sive ef­forts and sig­nif­i­cant in­vest­ments in han­dling salmon lice over time now be­gin to show re­sults.’

To­tal op­er­at­ing in­come was NOK 2.7 bil­lion in the quar­ter, up from NOK 2.3 bil­lion in the cor­re­spond­ing pe­riod last year.

The slaugh­ter vol­ume was 34,000 tonnes, com­pared to 29,600 tonnes in the third quar­ter last year. This re­sulted in an op­er­at­ing profit of NOK 23.60 per kilo. Op­er­at­ing profit per kilo in the sec­ond quar­ter of 2017 was NOK 28.12 per kilo.

Sal­Mar ex­pe­ri­enced some in­creased lice pres­sure in the third quar­ter, but said it is well equipped to meet any bi­o­log­i­cal chal­lenges.

For the whole of 2017, Sal­Mar plans to slaugh­ter around 134,000 tonnes in Nor­way, 32,000 tonnes in Scot­land, and 9,500 tonnes in Ar­nalax in Ice­land.

For the whole of 2018, Sal­Mar ex­pects to slaugh­ter around 143,000 tonnes in Nor­way, 27,000 tonnes in Scot­land and 11,000 tonnes in Ice­land.

Above: Sal­Mar’s new­est project, Ocean Farm 1

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