"Marine Harvest : Good result on strong demand for Marine Harvest
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05/09/2018 | 12:31am EDT
(Oslo, 9 May 2018) Marine Harvest achieved an operational EBIT of EUR 158
million in the first quarter of 2018.
Supported by the good results, a strong market outlook, and a solid financial
position, the Board has resolved a quarterly dividend of NOK 2.60 per share.
- The demand for salmon has increased globally this year, compared to the end of
2017. This has led to high prices and a good result for Marine Harvest in the
first quarter, says CEO Alf-Helge Aarskog.
Marine Harvest reported operational revenues of EUR 862 million (EUR 892
million) in the first quarter of 2018. Total harvest volume was 81 212 tonnes in
the quarter (83 768 tonnes). Estimated harvest volume for the full year of 2018
have been reduced from 410 000 tonnes to 400 000 tonnes due to less growth in
Salmon of Norwegian origin achieved an operational EBIT per kilo of EUR 2.26
(2.52) in the first quarter, while salmon of Scottish and Canadian origin
reported operational EBIT per kilo of EUR 1.85 and EUR 1.10 respectively (EUR
3.12 and EUR 3.42). Salmon of Chilean origin reported operational EBIT per kilo
of EUR 1.36 in the quarter (EUR 1.87). MH Consumer Products reported an
operational EBIT of EUR 20.9 million (EUR 12.9 million). MH Feed reported an
operational EBIT of EUR -4.3 million (EUR 0.1 million).
- I am encouraged by Marine Harvest Consumer Products and its seasonally record
high results. It is also very satisfactory that our organic farming operations
in Marine Harvest Ireland have achieved record high first quarter results on
strong demand and reduced costs, says Aarskog.
For further information, please contact:
Ivan Vindheim, CFO, +47 958 71 310
Kim Galtung Døsvig, IR Officer & Head of Treasury, +47 908 76 339 [...]"
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