Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Marine Harvest Reports Salmon Volumes Ahead of Own Guidance

Jan. 17 (Bloomberg) -- Marine Harvest ASA, the world’s biggest salmon farmer, reported fourth-quarter fish harvest volumes that were 6 percent higher than its own guidance.

Volumes were 105,000 metric tons compared with a 99,000-ton guidance from the third quarter, the Oslo-based company said today in a statement. Operational earnings before interest and taxes were 390 million kroner ($65 million), helped by an asset sales gain, while EBIT per kilogram in Norway was 4.1 kroner. An analyst survey by TDN Finans expected Ebit of 343 million kroner.

“The performance in Norway was largely in line with our expectations but the overall performance was slightly weaker than expected, although more in line with consensus,” Henning Steffenrud, an analyst at First Securities, said in an e-mailed note.

Marine Harvest rose as much as 3.7 percent in Oslo trading and was 3 percent higher at 3.258 kroner as of 9:45 a.m. local time. The shares dropped 58 percent last year after two straight years of gains.

The company, which will release complete fourth-quarter results on Feb. 8, reported net interest-bearing debt of 6.5 billion kroner at the end of the year, an increase of 5.8 percent over the third quarter.

To contact the reporters on this story: Meera Bhatia in Oslo at mbhatia2@bloomberg.net

To contact the editor responsible for this story: Christian Wienberg at cwienberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.