Marine Harvest ASA: MHG - RECORD EARNINGS IN Q2 2014
Harvest volumes Q2 2014 (1)
Farming Norway 69 thousand tonnes
Farming Scotland 18 thousand tonnes
Farming Canada 7 thousand tonnes
Farming Chile 16 thousand tonnes
Other 4 thousand tonnes
Total 114 thousand tonnes
In connection with the presentation of the Q1 2014 results, Marine Harvest
guided a total harvest volume of 109 thousand tonnes (HOG) for Q2 2014. Marine
Harvest expects a total harvest volume of 417 thousand tonnes in 2014.
(1) The harvest volumes are provided in head on gutted (HOG) equivalents. The
figures include salmonid species only.
Operational EBIT for the Group was approximately NOK 1,200 million in Q2 2014
(NOK 901 million in Q2 2013). This is the highest recorded quarterly earnings
for Marine Harvest.
Total operational EBIT per kg through the value chain were approximately as
follows for the main sources of origin:
*Norway 12.1 NOK
*Scotland 12.1 NOK
*Canada 11.0 NOK
*Chile 5.4 NOK
Reported net interest bearing debt (NIBD) was approximately NOK 7.0 billion by
the end of the quarter.
The full Q2 2014 report will be released on 27 August at 0700 CET.
This press release may be deemed to include forward-looking statements, such
as statements that relate to salmonid production volume. Actual events could
differ materially from those indicated by these statements because the
realization of those events is subject to many risks and uncertainties.
Factors that could affect actual events include: risks associated with
fluctuations in salmon prices, risks associated with the supply and demand of
salmon, including global economy, salmon prices and consumer preferences and
operational risks, in particular those relating to our cost in Norway. All
forward-looking statements included in this news release are based on
information available at the time of the release, and Marine Harvest assumes
no obligation to update any forward- looking statement.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Marine Harvest ASA via Globenewswire
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