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Huge Sales Increase for Scottish Salmon Company

Salmonids Economics +2 more

SCOTLAND - The Scottish Salmon Company has continued its strong 2014 performance through the final quarter of the year, ending the year with 30,183 tonnes harvested.

Lucy Towers thumbnail

Net Operating Revenues for the quarter to December 2014 were £30.8 million, a 43 per cent improvement on Q4 2013 (£21.5 million) and EBIT before fair value adjustment of £1.8 million (Q4 2013: -£1.0 million), on harvested volumes of 7,373 tonnes (Q4 2013: 5,271 tonnes).

The full-year Net Operating Revenues of £125.9 million are the highest since the Company’s inception; the figure is a 53 per cent increase on 2013, reflecting the strong performance and significant work
undertaken at SSC to increase production, capacity and efficiencies during 2014.

The overall revenues grew significantly in 2014, as did the proportion coming from exports. This rose
from 37 per cent in 2013 to 42 per cent in 2014, with SSC now exporting to 23 countries.

Central to this growth has been SSC’s position as a producer of the finest and most nutritious Scottish salmon, a fact reinforced by the award of the highly acclaimed Label Rouge quality mark with provenance being at the core of our strategy.

Further Reading

You can view the full Q4 report by clicking here.