- NEWS-
Marine Harvest goes for growth
The Marine Harvest Group is set for growth in Europe after recording its best second quarter in history with operational earnings before interest and taxes (EBIT) of NOK 901m (US$147.9m).
Marine Harvest Norway achieved an operational EBIT per kilo of NOK 12.33 (US$2) Q2, while Marine Harvest Scotland and Marine Harvest Canada reported operational EBIT per kilo of NOK 13.55 (US$2.21) and NOK 14.55 (US$2.37).
Alf-Helge Aarskog, CEO, Marine Harvest, said: “These countries are examples of how a long term and systematic approach to biological issues improves not only the fish welfare; it also shows on the bottom line.”
Mr Aarskog added: “I am very encouraged by the strong market outlook in Europe, with future prices of NOK 34 (US$5.5) for the remaining part of 2013 and NOK 35 (US$5.7) in 2014. Marine Harvest is well positioned to take advantage of this as the majority of our volume will be originating in Europe.”
As a result of a strong Q2, the Group is proposing a dividend of NOK 0.05 per share (US$0.008) and is pushing productions estimates from 55,000 tonnes in 2014 to 390,000 tonnes.