Processing problems impact MH Scotland results
Marine Harvest has revealed that losses incurred by their processing plant in Rosyth have wiped €0.60 from the EBIT per kilo off their Scottish farming operations during Q1.
The Group harvested 13,000 tonnes in the quarter in Scotland, at an EBIT/kg (after taking into account the processing losses) of €0.65.
Overall, the Group harvested 97,000 tonnes, of which 54,000 came from Norway, 12,000 from Canada and 15,000 from Chile.
Operational EBIT for the Group was approximately €110 million, up from €95 million in Q1 2015.
Total operational EBIT per kg through the value chain was: Norway €1.85, thanks in part to a €0.03 contribution per kg from the company’s feed division; Canada €1.95; and Chile €-1.55, where algal blooms wiped out approximately €0.60 per kg.
The full Q1 report is due to be published on 11th May.
