Looking for a specific product?

Make a search for products & suppliers, articles & news.

Salmar with strong growth in the first quarter

SalMar is up 58 per cent on the same quarter in 2012 after generating almost NOK 1.3 billion in gross operating revenues in the first quarter of 2013. The significant rise in salmon prices has been integral to the figures, as well as a 34 per cent rise in the volume harvested (totalled 23,200 tonnes this quarter).

 

"We are pleased with the performance of all our fish farming segments, and are particularly delighted to see that the Rauma segment is back delivering strong margins. SalMar Northern Norway also did well during the quarter, considering that 70 per cent of the fish is from Finnmark, where costs are higher, and that all the fish was harvested in January and February, when the price of salmon was lower than in March," said SalMar CEO Yngve Myhre.

 

The Sales and Processing segment achieved stable results from its processing operations, though the contribution from this segment was reduced by an almost 30 per cent fixed-price contract rate.

 

The outlook for the rest of 2013 is good. At the end of May Fish Pool forward prices point to an average salmon price for 2013 of NOK 35 per kg. Sea temperatures have been significantly lower in the first quarter this year than last, which has to some degree affected the growth of marine-phase fish stocks. Despite this, however, SalMar is maintaining its harvesting forecast of 116,000 tonnes for 2013, an increase of 13 per cent compared with the 102,600 tonnes harvested in 2012.

salmon dish

(Source: TheFishSite)

Associated companies:


Related news

Latest news

BP Awards Schlumberger Contract for Mad Dog 2 Project

Export Conference 2017: A changing world

Register for this year’s most important conference for Norwegian exporters. We can promise you an interesting and inspirational day!

Meet Elkem Silicon Materials at the Ceramics Expo 2017

Elkem Silicon Metrials invites to meet their team at the Ceramics Expo 2017. This is North America’s largest, free-to-attend exhibition for Ceramic manufacturing and applications.

Event - TechnipFMC at Gastech April 4

Most ship owners are now looking very closely at the benefits that digitalization can bring in operational gains.

Deepocean Awarded Surf Contract from BP for the Foinaven Field

DeepOcean today announced that it had received a call-off under its new Master Service Agreement (MSA) with BP Exploration Operating Company Ltd.

Parquet Floor - a Furniture in itself

Read how a Nordic style, maintenance free new floor is a furniture all in itself. 

Haavik in as Sales Director

Tor Henrik Haavik enters the role as Sales Director in Steinsvik AS. Haavik has an engineering education from Høgskolen i Haugesund and has been employed in Steinsvik since 2002. Haavik comes from the position of Sales Man...

Powder Characterization Experts Offer Solutions to Optimize Process Performance

Freeman Technology, the powder characterization specialists, will be exhibiting at the Ceramics Expo for the first time (25 – 27 April, Cleveland, OH, USA). The company offers material characterization solutions aimed at o...