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Last 94.85 NOK
Change Today 0.00 / 0.00%
Volume 3.4M
MHG On Other Exchanges
Symbol
Exchange
Oslo
OTC US
New York
Stockholm
Frankfurt
As of 10:25 AM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

marine harvest (MHG) Snapshot

Open
94.90 NOK
Previous Close
94.85 NOK
Day High
96.00 NOK
Day Low
93.30 NOK
52 Week High
01/19/15 - 108.96 NOK
52 Week Low
05/27/14 - 66.93 NOK
Market Cap
42.7B
Average Volume 10 Days
3.1M
EPS TTM
1.78 NOK
Shares Outstanding
450.1M
EX-Date
02/18/15
P/E TM
53.3x
Dividend
4.80 NOK
Dividend Yield
8.75%
Current Stock Chart for MARINE HARVEST (MHG)

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marine harvest (MHG) Details

Marine Harvest ASA, a seafood company, produces and sells farmed salmon products worldwide. It is engaged in the fish farming, processing, and smoking activities. The company’s products include Atlantic salmon, white halibut, white fish, coated seafood, smoked seafood, and ready-to-eat dishes, as well as elaborated seafood, such as salmon tartar, stuffed salmon, terrines, and brochettes. Marine Harvest ASA offers its products under the Delifish, Ducktrap, The Organic Salmon, Donegal Silver Salmon, Kendall Brook, Kritsen, La Couronne, Pieters, Sterling White Halibut, and Xalar salmon oil brands. The company was founded in 1965 and is headquartered in Bergen, Norway.

Founded in 1965

marine harvest (MHG) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: 14.0M NOK
Chief Financial Officer
Total Annual Compensation: 2.8M NOK
Chief Operating Officer of Farming
Total Annual Compensation: 4.6M NOK
Chief Operating Officer of Fish Feed Business...
Total Annual Compensation: 2.4M NOK
Chief Operating Officer of Global Sales & Mar...
Total Annual Compensation: 2.0M NOK
Compensation as of Fiscal Year 2013.

marine harvest (MHG) Key Developments

Marine Harvest ASA Announces Earnings and Operating Results for the First Quarter of 2015

Marine Harvest ASA announced earnings and operating results for the first quarter of 2015. For quarter, the company reported operational EBIT of NOK 910 million compared to NOK 1,090 million a year ago. Reported net interest bearing debt (NIBD) was approximately NOK 7,600 million at the end of the quarter. The quarterly movement in NIBD was impacted by about NOK 2,500 million as a result of the successful outcome of the voluntary incentive payment offer to convert one of the outstanding convertible bonds. For quarter, the company reported total harvest volumes of 83,000 tones.

Marine Harvest ASA Announces Resignation of Michael Parker as Board of Director

Marine Harvest ASA announced the resignation of Michael Parker from the Board of Directors. The nomination committee will be proposing a replacement to the Annual General Meeting, which will be held 8 June 2015.

Marine Harvest ASA Reports Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and Full Year of 2014; Reports Impairment Loss for the Fourth Quarter of 2014; Provides Production Guidance for the First Quarter and Full Year of 2015; Provides Capital Expenditures Guidance for 2015

Marine Harvest ASA reported unaudited consolidated earnings and production results for the fourth quarter and full year of 2014. For the quarter, the company reported revenue of NOK 6,881.1 million against NOK 6,730.2 million last year. Earnings before interest and taxes were NOK 1,425.7 million against NOK 2,030.7 million last year. Earnings before tax were NOK 373.5 million against NOK 1,646.0 million last year. Earnings for the period, continued operations were NOK 117.4 million against NOK 1,199.7 million last year. Profit attributable to owners of the company was NOK 109.8 million or NOK 0.27 per basic and diluted share against NOK 1,294.0 million or NOK 3.40 per basic and diluted share last year. Cash flow from operations was NOK 534.2 million against cash flow used in operations of NOK 10.0 million last year. Payments made for purchase of fixed assets was NOK 458.2 million against NOK 637.8 million last year. Net capex was NOK 447 million against NOK 591 million a year ago. Operational EBIT was NOK 1,032 million against NOK 1,037 million last year. Operational EBITDA was NOK 1,300 million against NOK 1,271 million last year. Underlying EPS was NOK 1.69 against NOK 1.78 last year. For the year, the company reported revenue of NOK 25,531.3 million against NOK 19,199.4 million last year. Earnings before interest and taxes were NOK 3,633.4 million against NOK 4,661.8 million last year. Earnings before tax were NOK 1,486.7 million against NOK 3,457.4 million last year. Earnings for the period, continued operations were NOK 734.8 million against NOK 2,430.6 million last year. Profit attributable to owners of the company was NOK 935.6 million or NOK 2.28 per basic and diluted share against NOK 2,515.1 million or NOK 6.66 per basic and diluted share last year. Cash flow from operations was NOK 3,944.2 million against NOK 2,023.0 million last year. Payments made for purchase of fixed assets was NOK 1,760.7 million against NOK 1,967.6 million last year. Operational EBITDA was NOK 5,221 million against NOK 3,975 million last year. Operational EBIT was NOK 4,254 million against NOK 3,212 million last year. Net interest-bearing debt (NIBD) was NOK 9,268 million at the end of the quarter compared to NOK 7,791 million a year ago. Underlying EPS was NOK 7.01 against NOK 5.32 last year. For the year 2014, harvest volume was 418,873 gutted weight tonnes against 343,772 gutted weight tonnes last year. For the fourth quarter of 2014, impairment losses were NOK 25.3 million compared to NOK 57.1 million a year ago. For the first quarter of 2015, harvest volume is expected to be 100,500 gutted weight tonnes. The company forecast 101,000 tons, a little bit down compared to the fourth quarter, but quite stable after all. For the full year of 2015, harvest volume is expected to be 440,000 gutted weight tonnes. For the year 2015, the company provided capital expenditures guidance for 2015. The company expects to spend NOK 1,700 million in capital expenditures: NOK 1,000 million - Maintenance; NOK 500 million - Smolt and cleaner fish; NOK 200 million - Other. The company expects interest expenses of NOK 300 million. The company expects working capital tie-up of a NOK 900 million for the year.

 

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MHG

Industry Average

Valuation MHG Industry Range
Price/Earnings 50.8x
Price/Sales 1.4x
Price/Book 2.5x
Price/Cash Flow 21.4x
TEV/Sales 1.1x
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