Marine Harvest ASA (OSE:MHG, NYSE:MHG): Q4 2015 Trading update
January 21 2016 - 1:00AM
Harvest volumes Q4 2015
(1)
Farming
Norway |
67
thousand tonnes |
Farming
Scotland |
14
thousand tonnes |
Farming
Canada |
9
thousand tonnes |
Farming
Chile |
15
thousand tonnes |
Other |
6
thousand tonnes |
Total |
111
thousand tonnes |
In connection with the presentation of the Q3 2015
results, Marine Harvest guided a total harvest volume of 115
thousand tonnes (GWE) for Q4 2015.
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
NOK 850 million in Q4 2015 (NOK 1,032 million in Q4 2014). Start-up
costs at the Rosyth processing plant in Scotland have been higher
than previously expected and have as such impacted results
negatively by approximately NOK 70 million in Q4 2015. This effect
is included in the figures below for Scotland.
Total operational EBIT per kg through the value
chain were approximately as follows for the main sources of
origin:
|
NOK |
12.1 |
|
NOK |
-0.9 |
|
NOK |
3.3 |
|
NOK |
-12.3 |
Reported net interest bearing debt (NIBD) was
approximately NOK 9.6 billion at the end of the quarter.
A separate press release will be disclosed later
today regarding a restructuring plan of Marine Harvest Scotland
Farming. Following a recent review of the business up to 100 jobs
will be reduced to make the business more efficient and
sustainable. Harvesting volumes for 2016 will not be impacted by
the restructuring plan.
The complete Q4 2015 report will be released on 17
February 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 OMX Corporate Solutions on
behalf of NASDAQ OMX 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
HUG#1980312
Mowi Asa (PK) (USOTC:MHGVY)
Historical Stock Chart
From Aug 2024 to Sep 2024
Mowi Asa (PK) (USOTC:MHGVY)
Historical Stock Chart
From Sep 2023 to Sep 2024