MH Scot­land wel­comes ‘record re­sults’

Fish Farmer - - News -

MARINE Har­vest Scot­land has thanked its staff for its ‘record re­sults’ af­ter a chal­leng­ing year for fish health.

Ben Had­field, man­ag­ing di­rec­tor of Marine Har­vest Scot­land, said: ‘De­spite a chal­leng­ing year for fish health, we pro­duced record re­sults in Scot­land. My thanks go to our hard work­ing em­ploy­ees across the west coast and High­lands and is­lands.’

Scot­land’s work­force ben­e­fited from staff bonuses paid rel­a­tive to the com­pany’s per­for­mance and tar­gets, and the firm’s salary bill for 2017 reached £47 mil­lion.

Marine Har­vest Group posted record prof­its in its Q4 fi­nan­cial re­sults, achiev­ing an op­er­a­tional EBIT of €181 mil­lion in the fourth quar­ter of 2017.

In Scot­land, the Q4 op­er­at­ing profit dropped 29 per cent, to €15.4 mil­lion (€21.7 mil­lion in Q4 2016), as the cost level per kilo­gram har­vested in­creased, amount­ing to €1.19 per kg (€1.83 in Q4 2016).

‘While the gen­eral fish health sit­u­a­tion im­proved for our Scot­tish op­er­a­tions dur­ing the three first quar­ters of 2017, the bi­o­log­i­cal per­for­mance has been more chal­leng­ing in the fourth quar­ter,’ the com­pany re­port said.

‘This sit­u­a­tion is not ex­pected to im­prove sig­nif­i­cantly in the next quar­ter. Com­bined with low vol­umes, costs are ex­pected to re­main at the cur­rent high level also in the first quar­ter of 2018.’

In­ci­dent based mor­tal­ity was €5.4 mil­lion, com­pared to €900,000 in Q4 of 2016, due to in­creased ane­mia, bac­te­rial in­fec­tion and car­diomy­opa­thy syn­drome, the com­pany said. But sea lice lev­els at the end of the quar­ter were lower than at the end of 2016.

The in­tro­duc­tion of wrasse and lump­suck­ers has helped re­duce sea lice lev­els.

Left: Ben Had­field

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