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Marine Harvest Beats Forecasts with Q4 Results

NORWAY - In connection with the presentation of the Q3 2011 results, Marine Harvest beat forecasts with a total harvest volume of 99 thousand tonnes (HOG) for Q4 2011.

Harvest volumes Q4 2011

  • Farming Norway - 67 thousand tonnes
  • Farming Chile - 11 thousand tonnes
  • Farming Canada - nine thousand tonnes
  • Farming Scotland - 13 thousand tonnes
  • Other - five thousand tonnes
  • Total - 105 thousand tonnes

Operational EBIT for the Group was approximately NOK 390 million in Q4 2011 (NOK 1,033 million in Q4 2010). The operational EBIT for Q4 2011 of approximately NOK 390 million was positively impacted by approximately NOK 35 million as a consequence of a realised gain from sale of assets in Farming Norway.

Net interest bearing debt per 31 December 2011 was approximately NOK 6,500 million.

Operational EBIT per kg for Farming Norway was NOK 4.1 per kg (including contribution from Sales and Marketing). The Operational EBIT of NOK 4.1 per kg was positively impacted by approximately NOK 0.5 per kg as a consequence of a realised gain from sale of assets.

Marine Harvest will release its Q4 2011 results on 8 February at 0700 CET.

Lucy Towers

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