Marine Harvest ASA (OSE:MHG, NYSE:MHG): Q2 2016 Trading update
July 18 2016 - 1:00AM
Harvest volumes Q2 2016
(1)
Farming Norway |
54 thousand tonnes |
Farming Scotland |
11 thousand tonnes |
Farming Canada |
11.5 thousand tonnes |
Farming Chile |
7 thousand tonnes |
Other |
3.5 thousand tonnes |
Total |
87 thousand tonnes |
In connection with the presentation of the Q1 2016
results, Marine Harvest guided a total harvest volume of 90
thousand tonnes (GWE) for Q2 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 147 million (EUR/NOK 9.3366) in Q2 2016 (EUR 84 million in Q2
2015, EUR/NOK 8.5642).
Total operational EBIT per kg through the value
chain were approximately as follows for the main sources of
origin:
Norway |
EUR |
2.10 |
Scotland |
EUR |
0.45 |
Canada |
EUR |
2.35 |
Chile |
EUR |
- 0.25 |
Reported net interest bearing debt (NIBD) was
approximately EUR 830 million (EUR/NOK 9.3074) at the end of the
quarter.
The complete Q2 2016 report will be released on 18
August 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
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