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News - AQUACULTURE / FISH FARMING - Free - Marine Harvest ASA updates harvest volume for Q2 2013

Marine Harvest ASA updates harvest volume for Q2 2013 / July 12, 2013 16:27

 

In connection with the presentation of the Q1 2013 results, Marine Harvest guided a total harvest volume of 80 thousand tonnes (HOG) for Q2 2013 and the actual result was not much far from the forecast, according to Marine Harvest.

Harvest volumes Q2 2013 (1)

Farming Norway

54 thousand tonnes

Farming Chile

no harvest

Farming Canada

9 thousand tonnes

Farming Scotland

13 thousand tonnes

Other

4 thousand tonnes

Total

79 thousand tonnes

Notes: (1) The harvest volumes are provided in head on gutted (HOG) equivalents. The figures include salmonid species only.

End of smoked salmon operations in Chile

Operational EBIT for the Group was approximately NOK 900 million in Q2 2013 (NOK 231 million in Q2 2012). The previously reported charges relating to restructuring of VAP Europe of EUR 27 million and legal disputes in Chile of USD 12.3 million will be reported on lines below operational EBIT. Furthermore, Marine Harvest has resolved to discontinue the smoked salmon operations in Chile, causing a restructuring charge of USD 6 million.

Total operational EBIT per kg through the value chain for volume of Norwegian origin was approximately NOK 12.25 in the quarter.

Net interest bearing debt (NIBD) was approximately NOK 5 860 million by the end of the quarter.

Marine Harvest is encouraged by the strength of the market during Q2 and expects a strong market also during Q3.

The Q2 2013 report will be released on 21 August at 0700 CET.


Published by FISHNET.RU

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