Marine Harvest expects 6,3 NOK EBIT/kg

Published Modified

Harvest volumes Q3 2009 (2) Norway 53 thousand tonnes Chile(1) 8 thousand tonnes Canada 5 thousand tonnes Scotland 10 thousand tonnes Other 4 thousand tonnes Total 80 thousand tonnes

Notes: (1) Sold volume for Chile (2) Figures include salmonid species only

Additional information EBIT per kg for Marine Harvest Norway was approximately NOK 6.3 in Q3 2009.

Operationally the restructuring of Chile is in accordance with the updated business plan communicated in the Q2 report.

Marine Harvest has been able to benefit from good market prices during Q3, which in turn has contributed to a further deleveraging of the business. As per the end of the third quarter net interest bearing debt was reduced to  approximately NOK 5,100 million (NOK 6,025 million as per the end of the second quarter of 2009). The market fundamentals also provide a positive outlook for 2010. The  good operational results and consequential deleveraging of the Company opens up for a dividend based on the 2009 results.

Marine Harvest will release its Q3 results on 16 November at 0700 CET.