Marine Harvest update highlights Scottish boost
A trading update issued by salmon producer Marine Harvest has highlighted the significant contribution made by its Scottish operations in the first quarter of 2017.
The company reported a total Q1 harvest of 84,000 tonnes (GWE), with Scottish operations yielding 18,000 tonnes at an average EBIT/kg of €3.00/kg – up from 12,620 tonnes at an average EBIT/kg of €0.68 per kg for the same period last year.
Norwegian operations contributed 49,000 tonnes at an average of €2.50/kg, Canada provided 9,000 tonnes at €3.35 and Chilean operations contributed 6,000 tonnes at €1.85/kg. Faroese and Irish operations contributed 2,000 tonnes.
Net interest bearing debt (NIBD) was €845 million at the end of the quarter. Marine Harvest’s complete Q1 2017 report will be released on 10 May.
