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

USCG confirms OPtimarin in Line for Ballast Water Approval

The United States Coast Guard (USCG) has confirmed that Norwegian ballast water treatment specialist Optimarin has become the first supplier to submit an application for type approval.

New order for Servogear

Servogear announces that they have received a new order from Brødrene Aa. 

Norwater AS reports boost in sales

The Norwater team reports of great interest and busy days in 2016. In a press release, they state that as of the first 8 months of the year, 2016 sales are already beyond target for the year as a whole.

Gaia-facts reaching ground control

The European Space Agency (ESA) has released the first data from the Gaia mission, which has the tremendous task of building the most precise 3D map of the Milky Way.

Polish delegation for Norwegian circular waste management

Against the background of the EU's ambitious waste management targets, Norwegian and Polish stakeholders met on Wednesday 14 September in Drammen.

Milestone at Mongstad Water Treatment Plant

SAR AS reports that an extensive upgrade to the water treatment plant at Mongstad reached a new milestone July. 

Servogear signs new contract with Özata Shipyard

Servogear has announced the signing of a new contract with Özata Shipyard in Turkey. The contract includes the delivery of Servogear Ecoflow PropulsorTMfor two 39 meter passenger catamarans (YN 41 & YN 42).

Statoil and Petrobras strengthen strategic partnership

Statoil reports that they have strengthened their cooperation in Brazil by signing a Memorandum of Understanding (MoU) with Petrobras.

TechInvent and Island Offshore/Centrica announced winners of ONS Innovation Award

TechInvent and Island Offshore/Centrica were announced winners of the ONS 2016 Innovation Awards, at the Innovation Awards Ceremony Tuesday 30 August.