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GSF First Quarter 2013

A strong market and strong salmon prices driving improved profitability for Grieg Seafood AS.

Highlights – first quarter 2013
  • Strong price growth in Europe throughout the first quarter, also in the USA towards the end of the period, due to lower supply-side growth and continued strong global demand.
  • Operating profit of NOK 51m before fair value adjustment of biomass, against NOK 5m in 2012.
  • Low seawater temperatures have reduced planned production growth, especially in the south of Norway.
  • Higher cost level in Canada and Scotland due to biological events in previous periods.
  • Better access to replacement smolt will give higher smolt entry in Canada in first half of 2013.
  • Strong market outlook with likelihood of low supply-side growth and further good demand in 2013 and 2014.

 

 

To read more, please visit the Grieg Seafood website.

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