ISA hits Nor­way Royal Salmon Q4

Fish Farmer - - News -

AN out­break of in­fec­tious salmon anaemia in Novem­ber has proved costly for Nor­way Royal Salmon, dent­ing its fi­nal quar­ter re­sults for 2017.

Fig­ures show that Q4 op­er­a­tional EBIT was 95mil­lion kro­ners com­pared with NOK 101 mil­lion a year ago. The earn­ings per kg were NOK 15.51 com­pared with NOK 26.83 in the fi­nal quar­ter of 2016.

The ex­tra costs in­volved in deal­ing with the ISA out­break to­talled NOK 55 mil­lion, but it is thought to have led to a loss of at least NOK 80 mil­lion and pos­si­bly as high as NOK 100 mil­lion.

CEO Charles Høstlund said: ‘In the quar­ter, the fish dis­ease ISA was de­tected at three NRS sites in an op­er­a­tional area in Re­gion North. The ex­trac­tion of fish from these sites started im­me­di­ately af­ter the de­tec­tion, and this has had a sig­nif­i­cant im­pact on the re­sult for the quar­ter.’

Tak­ing 2017 as a whole, the re­sults were bet­ter. Nor­way Royal Salmon’s to­tal op­er­at­ing in­come was al­most NOK 5 bil­lion com­pared with NOK 4,224 mil­lion in 2016 and the com­pany achieved an op­er­a­tional EBIT of NOK 628 mil­lion (NOK 641 mil­lion in 2016).

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