Marine Harvest Scotland's Loch Torridon site. The group's salmon of Scottish origin reported EBIT per kilo of €3.12, up from €0.68 in 2016. Image: Rob Fletcher

Marine Harvest update highlights Scottish boost

A trading update issued by salmon producer Marine Harvest has highlighted the significant contribution made by its Scottish operations in the first quarter of 2017.

The company reported a total Q1 harvest of 84,000 tonnes (GWE), with Scottish operations yielding 18,000 tonnes at an average EBIT/kg of €3.00/kg – up from 12,620 tonnes at an average EBIT/kg of €0.68 per kg for the same period last year.

Norwegian operations contributed 49,000 tonnes at an average of €2.50/kg, Canada provided 9,000 tonnes at €3.35 and Chilean operations contributed 6,000 tonnes at €1.85/kg. Faroese and Irish operations contributed 2,000 tonnes.

Net interest bearing debt (NIBD) was €845 million at the end of the quarter. Marine Harvest’s complete Q1 2017 report will be released on 10 May.




Published: 20/04/2017 at 11:00 am

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Feed Trials Manager: Marine Harvest Scotland