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FISH farm giants Marine Harvest have reported strong demand in their key salmon markets during 2010. They also revealed improved financial results and financial position as well as operational progress.
But the company’s annual meeting also heard on Monday that there had been a tight supply situation last year with the global salmon harvest down by 1.8 %.
However there had been significant increase in price affecting key markets: 35% (EUR), 22%( USD) and 24% (NOK).
In Norway there had been continued operational progress, increased biomass utilisation and decreased lice infestation towards the end of the year.
Their Canada operations had seen improved financial results from a strong market and reduced harvest volume due to stocking patterns.
There had also been operational challenges with Kudoa and reduced growth
Scotland had turned in excellent financial results, as a result of high prices but a lowered harvest volume due to reduced stocking in previous years. There had also been a good biological performance.
In Chile, the operation was profitable and had adapted to lower harvest volumes.
Financial highlights 2010:
Operating revenues NOK 15,191 m (14, 651)
Harvest volume 296,000 HOG tonnes (327, 000)
Operational EBIT NOK 3,191 m (1, 520)
Net earnings NOK 3,109 m (1, 302)
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