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Figures from Marine Harvest show it fell a little short of guided harvest volumes in Q1 2018.
Figures from Marine Harvest show it fell a little short of guided harvest volumes in Q1 2018.

Marine Harvest Scotland harvested 8,500 tonnes of salmon during the first quarter of 2018, the Marine Harvest group said in a trading update to the Oslo stock exchange.

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Harvest volumes for all of Marine Harvest’s operations worldwide totalled 81,000 tonnes, 1,500 tonnes fewer than the group had previously estimated.

Operating profit for Marine Harvest was approximately €155 million, significantly lower than the €220m made in Q1 2017.

Harvest volumes Q1 2018 (gutted weight equivalent)

  • Norway     51,000 tonnes
  • Scotland    8,500 tonnes
  • Canada      6,500 tonnes
  • Chile      12,500 tonnes
  • Ireland     1,500 tonnes
  • Faroes      1,000 tonnes
  • Total              81,000 tonnes

Total operational EBIT per kg

  • Norway     €2.25
  • Scotland   €1.85
  • Canada     €1.10
  • Chile      €1.35
  • Ireland    €4.35
  • Faroes     €1.20

Reported net interest bearing debt was approximately €860m at the end of the quarter.

The complete Q1 2018 report will be released on May 9.