Marine Harvest misses Q1 volume target
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.
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.