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Norway and Ireland top Mowi's Q4 table

The Fish Site
by The Fish Site
17 January 2019, at 8:14am

Mowi harvested 106,000 tonnes of salmon in the final quarter of last year, with its divisions in Norway, Ireland and Scotland proving the most profitable per kilo.

Its Norwegian operations harvested 59,000 tonnes and its Irish operations 1,500 tonnes – both achieving an EBIT/kg of €2.45; its Scottish operation harvested 12,000 tonnes at €2.30/kg; Canadian operations 12,000 tonnes at €1.45/kg; Faroese operations 4,500 tonnes at €1.35/kg; and finally Chilean operations 17,000 tonnes at €1.25/kg.

The total harvest of the company, which was known as Marine Harvest until 1 Jan 2019, was 4,500 tonnes lower than predicted at the end of Q3, while the operational EBIT for the Group was approximately €211 million - up from €181 million in the same quarter of 2017. Of this €10 million related an insurance payout for property damages incurred at their Kritsen site.

The complete Q4 2018 report will be released on 13 February.


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