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MH fares better in Atlantic than Pacific

Atlantic Salmon Post-harvest

Marine Harvest’s salmon farms in the Atlantic performed far better than their Pacific counterparts, according to the company’s latest figures.

The group's preliminary Q2 results, published this morning, show that the EBIT/kg for their operations in Norway, Scotland Ireland and the Faroes easily outstripped the figures for Chile and British Columbia.

10,000 tonnes of salmon at an average EBIT of €​​2.35/kg were produced by Marine Harvest's Scottish sites in Q2

© Rob Fletcher

Top performer in terms of EBIT/kg were their farms in the Faroes, where 1,000 tonnes was harvested at €2.90/kg; this was followed by Norway – 49,500 tonnes at €2.55/kg; Scotland – 9,000 tonnes at €2.35/kg; and Ireland – 1,000 tonnes at €2.20/kg.

Meanwhile their operations in Chile recorded 10,000 tonnes at 1.85/kg and their BC operations 8,000 tonnes at 1/kg.

In total the group harvested 82,000 tonnes in the quarter, for an operational EBIT of €175 million, down from €198 million in Q2 2017.

The figures do not include the results of Northern Harvest, the group’s newly acquired business on the east coast of Canada, but these will feature in their Q3 report.