Markets Archive
SalMar delivers bumper Q3 results
SalMar today announced a strong third quarter performance with an operational EBIT or profit of NOK 1.313 billion (£110m), resulting in an operational EBIT per kg of NOK 24.51. This compares with an operational EBIT of NOK 748m (£63m) in Q3 last year. The figure also included a substantial increase in income from Scottish Sea…
Read MoreOTAQ makes debut on London’s AQSE exchange
Marine technology business OTAQ has started its first day of trading on the AQSE Growth Market of the AQSE Stock Exchange. OTAQ, which was previously listed on the London Stock Exchange, announced last month it would be switching to the Access Segment of AQSE, a primary and secondary market for equities and debt securities for…
Read MoreTroublesome year for Mowi Scotland despite group Q3 record
Mowi today announced a record-breaking third quarter with best yet revenues of 1.257 billion euros (£1.058bn) – an increase of €223m (£196m) on the same period last year. In Scotland however, while there were improvements the company’s Scottish arm has experienced a “troublesome year” with biological issues continuing to create problems. Mowi’s global operational profit…
Read MoreAquaBounty reports revenue up 44% for Q3
Land-based salmon farmer AquaBounty saw revenue up 44% year on year for the third quarter of this year, to US $653,000 (£563,000). The company has yet to turn a profit although, at $5.4m for Q3 (£4.7m) compared with a loss of $6.9m (£6m) for the same period in 2021, it is heading in the right…
Read MoreSo long, Norway Royal Salmon
After almost 30 years, Norway Royal Salmon has ceased to exist as an independent aquaculture company. The business was officially merged with salmon giant SalMar after close of trading on the Oslo Stock Exchange last night. This means NRS has now been deleted as a company, with SalMar taking over all assets, rights and obligations.…
Read MoreBiological issues continue for Bakkafrost Scotland
Bakkafrost chief executive Regin Jacobsen has said he is still not happy with the results from farming operations in Scotland, where high mortality has dragged down the group’s third quarter results. Bakkafrost today announced a group EBIT or operating profit of 325m Danish krone (£38m), some DKK 34m (£4.5m) lower than industry analysts were forecasting.…
Read MoreAKVA sees revenue rising, profits falling for Q3
Aquaculture technology business AKVA has reported revenue up for third quarter of 2022, year on year, but profitability has been “challenging”, the company said. Revenue for the AKVA Group in Q3 was NOK 840m (£71.2m), up 14% compared with Q3 of 2021. EBITDA was down, however, from NOK 79m (£6.7m) last year to NOK 25m…
Read MoreAker Biomarine reports higher Q3 sales
Krill harvesting company Aker Biomarine has announced higher sales and operating profits for Q3 this year. Sales for the three months to 30 September totalled US $67.9m (£60m), up from 61.9m (£54.8m) in Q3 last year. The adjusted EBITDA ended at $18.8m (£16.6m), compared to $14.7m (£13m) 12 months ago while the operating profit emerged…
Read MoreOhad Maiman steps down as Kingfish CEO
Ohad Maiman, the founder of the yellowtail fish farmer The Kingfish Company, has stepped down from his role as chief executive of the business. The surprise announcement comes just days after Kingfish announced a big rise in sales and successful completion of the final hurdle for its US farm project in Maine. In a letter…
Read MoreSalMar wins EU approval for NTS/NRS deal
SalMar has received European Union approval for its plan to acquire its salmon farming rival NTS and the NTS subsidiary Norway Royal Salmon. The European Commission said it had decided that SalMar’s decision to buy a controlling stake in NTS ASA was in accordance with EU competition legislation and the same applied to the merger…
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