ISA hits Norway Royal Salmon Q4
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).