Marine Harvest ASA (OSE:MHG, NYSE:MHG): Q3 2016 Trading update
October 17 2016 - 12:30AM
Harvest volumes Q3 2016
(1)
Farming Norway |
64 |
thousand tonnes |
Farming Scotland |
10 |
thousand tonnes |
Farming Canada |
10 |
thousand tonnes |
Farming Chile |
7 |
thousand tonnes |
Other |
6 |
thousand tonnes |
Total |
97 |
thousand tonnes |
In connection with the presentation of the Q2 2016
results, Marine Harvest guided a total harvest volume of 94
thousand tonnes (GWE) for Q3 2016.
Note:
(1)
The harvest volumes are provided in gutted weight equivalents
(GWE). The figures include salmonid species only.
Additional information
Operational EBIT for the Group was approximately
EUR 178 million (EUR/NOK 9.2980) in Q3 2016 (EUR 77.9 million in Q3
2015, EUR/NOK 9.2463).
Total operational EBIT per kg through the value
chain were approximately as follows for the main sources of
origin:
Norway |
EUR |
2.00 |
Scotland |
EUR |
0.60 |
Canada |
EUR |
2.60 |
Chile |
EUR |
1.40 |
Reported net interest bearing debt (NIBD) was
approximately EUR 880 million (EUR/NOK 8.9644) at the end of the
quarter.
Volume guidance for Q4 2016 and
2017
The updated guidance for Q4 2016 has been reduced
as a consequence of biological challenges.
Figures in thousand tonnes |
Q4 2016 |
2016
full year |
Deviation |
2017
full year |
Farming Norway |
62 |
234 |
-19 |
252 |
Farming Scotland |
14 |
47 |
-2 |
51 |
Farming Canada |
10 |
44 |
- |
42 |
Farming Chile |
7 |
37 |
1 |
45 |
Other |
7 |
19 |
1 |
13 |
Total |
100 |
381 |
-19 |
403 |
The complete Q3 2016 report will be released on 2
November at 06:30 CET.
This press release may be deemed to include
forward-looking statements, such as statements that relate to
salmonid production volume. Actual events could differ
materially from those indicated by these statements because the
realization of those events is subject to many risks and
uncertainties. Factors that could affect actual events include
risks associated with fluctuations in salmon prices, risks
associated with the supply and demand of salmon, including global
economy, salmon prices and consumer preferences and operational
risks, in particular those relating to our cost in Norway. All
forward-looking statements included in this news release are based
on information available at the time of the release, and Marine
Harvest assumes no obligation to update any forward- looking
statement.
This information is subject to the disclosure
requirements pursuant to section 5-12 of the Norwegian Securities
Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Marine Harvest ASA via Globenewswire
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