Salmar ASA Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 20 15
SalMar ASA reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported operating income of NOK 1,615.0 million compared to NOK 1,626.2 million a year ago. EBITDA was NOK 434.5 million compared to NOK 554.8 million a year ago. Operational EBIT was NOK 360.8 million compared to NOK 485.2 million a year ago. Operational profit was NOK 301.3 million compared to NOK 301.0 million a year ago. Profit before tax was NOK 295.3 million compared to NOK 309.9 million a year ago. Net profit for the period was NOK 218.2 million compared to NOK 236.9 million a year ago. Diluted earnings per share were NOK 1.93 compared to NOK 1.96 a year ago. Net cash flow from operating activities was NOK 676.0 million compared to NOK 446.9 million a year ago. Net interest bearing debt was NOK 1,757.5 million as on March 31, 2015 against NOK 1,506.8 million as on March 31, 2014.
SalMar ASA Proposes Dividend for the Year Ended 31 December 2014
Apr 30 15
SalMar ASA proposed payment of a dividend amounting to NOK 10 per share for the year ended 31 December 2014.
SalMar ASA Reports Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Operating and Investment Guidance for 2015
Feb 26 15
SalMar ASA reported unaudited consolidated earnings and operating results for the fourth quarter and year ended December 31, 2014. For the quarter, operating revenues were NOK 2,008.7 million against NOK 1,841.1 million last year. Operational EBIT was NOK 508.7 million against NOK 348.1 million last year. Profit before tax was NOK 387.5 million against NOK 838.3 million last year. Earnings per diluted share were NOK 2.55 against NOK 5.42 last year. The group made a net profit of NOK 290.1 million, compared with NOK 652.7 million in the fourth quarter of 2013. EBITDA was NOK 588.5 million against NOK 420.7 million last year. Operational profit was NOK 381.3 million against NOK 782.7 million last year. Net cash flow from operating activities was NOK 504.3 million against NOK 446.0 million last year. Cash flow per share - diluted was NOK 4.45 against NOK 3.94 last year.
For the year, operating revenues were NOK 7,185.9 million against NOK 6,245.9 million last year. Operational EBIT was NOK 1,879.0 million against NOK 1,259.5 million last year. Profit before tax was NOK 1,628.8 million against NOK 2,322.1 million last year. Earnings per diluted share were NOK 10.53 against NOK 15.80 last year. The group made a net profit of NOK 1,215.5 million, compared with NOK 1,903.4 million last year. EBITDA was NOK 2,157.2 million against NOK 1,485.3 million last year. Operational profit was NOK 1,646.7 million against NOK 1,949.4 million last year. Net cash flow from operating activities was NOK 1,647.0 million against NOK 1,106.0 million last year. Cash flow per share - diluted was NOK 14.54 against NOK 9.76 last year.
The company harvested some 41,700 tonnes of fish in the fourth quarter 2014, 5,300 tonnes more than in the preceding quarter, and 7,500 tonnes more than in the fourth quarter 2013.
For 2014, excluding Norskott Havbruk, a total of 141,000 tonnes was harvested as a whole, up from 114,900 tonnes the year before. This corresponds to an increase of 23% and is largely attributable to volume growth in the segment SalMar Northern Norway.
SalMar expects to harvest some 139,000 tonnes of salmon in 2015. Around 40% of the volume will be harvested in the first half of the year, of which a smaller proportion will come in the first quarter.
The company will continue its ongoing investment programme, and expects to invest around NOK 400 million in 2015. This is largely associated with marine-phase activities. Investments in increased smolt capacity in northern Norway proceed as planned, and are expected to be completed in the second half of 2016. Around NOK 200 million of this investment will accrue in 2015.