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Marine Harvest Reports Harvest Volume of 79,000 Tonnes for Q2

Salmonids Economics +2 more

NORWAY - Marine Harvest has reported a total harvest volume of 79,000 tonnes in its update after the end of Q2 2013.

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The company reported in Q2 harvest volumes of 54,000 tonnes in Norway, followed by 13,000 tonnes in Scotland and 9,000 tonnes in Canada.

No harvest was reported this year from the company's Chile operations.

Operational EBIT for the Group was approximately NOK 900 million in Q2 2013 (NOK 231 million in Q2 2012). The previously reported charges relating to restructuring of VAP Europe of €27 million and legal disputes in Chile of $12.3 million will be reported on lines below operational EBIT.

Furthermore, Marine Harvest has resolved to discontinue the smoked salmon operations in Chile, causing a restructuring charge of $6 million.

Total operational EBIT per kg through the value chain for volume of Norwegian origin was approximately NOK 12.25 in the quarter.

Net interest bearing debt (NIBD) was approximately NOK 5,860 million by the end of the quarter.

Marine Harvest is encouraged by the strength of the market during Q2 and expects a strong market also during Q3.

The Q2 2013 report will be released on 21 August at 0700 CET.

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