Marine Harvest ASA (OSE:MHG, NYSE:MHG): Q4 2015 Trading update
January 21 2016 - 1:07AM
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:
Norway |
NOK |
12.1 |
Scotland |
NOK |
-0.9 |
Canada |
NOK |
3.3 |
Chile |
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.
HUG#1980312
CONTACT: For further information, please contact:
Marine Harvest media: +47 48 18 99 00
Mowi Asa (PK) (USOTC:MHGVY)
Historical Stock Chart
From May 2024 to Jun 2024
Mowi Asa (PK) (USOTC:MHGVY)
Historical Stock Chart
From Jun 2023 to Jun 2024