Trading updates from Marine Harvest and Bakkafrost

TWO leading salmon farming companies, Norway’s Marine Harvest and Bakkafrost in the Faroe Islands,  have published their 2017 second quarter trading updates  in advance of the full  Q2 results later next  month (August).

Marine Harvest says its harvest volumes  for salmon only (gutted weight equivalent) for the period will be 39,500 tons for Norway, 18,500 tons for Scotland, 9,500 tons for Canada, 7,500 tons for Chile and 3,500 tons for Ireland, making a total of 78,500 tons.

The company days it  did not harvest any fish in the Faroe Islands during the second quarter. The operational EBIT (earnings before interest and tax)  is expected to be 196 million euros compared with 149 million euros for Q2 in 2016.  The full second quarter results and report will be issued on August 24th.

Over in the Faroe Islands Bakkafrost says the total Q2 harvest volume (head on gutted) will be 18,400 tons, made up of 13,600 tons in the north of the islands and 4,800 tons in the west. Feed sales for the period  are 17,000 tons. The full financial and harvest results will be published on August 22nd.

Meanwhile, Bakkafrost says it is in the process of Aquaculture  Stewardship Council (ASC-) certifying its farming sites. This goal came a step closer  recently when the farming site  at Funningsfjørður was approved.

The company added: “Bakkafrost aims at being the market leading aquaculture farming company through a strict focus on raising a sustainable premium quality salmon with high emphasis on animal welfare and on preserving the surrounding environment.”

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