In order to give shareholders in Cermaq additional information before the expiry of the offer period of the voluntary offer by Mitsubishi Corporation, the Board
of Directors in Cermaq has decided to give an additional trading update for Q3 2014.
Sales volumes Q3 2014 (1)
Norway 13.1 thousand tonnes
Canada 4.7 thousand tonnes
Chile - Atlantics 14.8 thousand tonnes
Chile - trout 1.5 thousand tonnes
Chile - Coho 0.2 thousand tonnes
Total 34.4 thousand tonnes
The sales volume guidance for the full year of 151 thousand tonnes issued by Cermaq on 22 September 2014 is upheld.
Notes: (1) The sales volumes are provided in gutted weight (GWE) equivalents.
Additional information
EBIT pre fair value and non-recurring items for the Group was a loss of NOK 38 million in Q3 2014 (profit of NOK 113 million in Q3 2013).
Total operational EBIT per kg per farming region and specie was as follows:
Norway NOK 5.0
Canada NOK 0.7
Chile - total NOK -5.1
Chile - Atlantics NOK -5.2
Chile - trout NOK -6.2
Chile - Coho NOK 8.9
Exceptional mortality and value adjustments of frozen inventory, mainly Canada as described in the trading update of 22 September, impacted operational EBIT
adversely by approximately NOK 44 million in the quarter, hereof NOK 17 million from adjustment of frozen inventory in Chile.
Net Interest Bearing Debt (NIBD) by the end of the quarter was approximately NOK 2.8 billion.
The full Q3 2014 report will be released on 28 October at 06:30 CET.
