Record Q3 for Scottish Salmon Co

THE Scottish Salmon Company reported a record third quarter, with £39 million in revenue (compared to £25.2 million in the same period last year), driven by continued high prices and increased harvest volume of 6,781 tonnes (Q3 2016: 5,486 tonnes).
Export sales accounted for 48 per cent of value in Q3 2017, compared to 42 per cent in Q3 2016, with exports to North America up by six perc cent.
However, costs per kg were impacted by mortalities and lower harvest mean weights, as a result of accelerated harvesting due to biological issues.
Higher costs from mortalities continue into Q4 and may continue to affect costs into 2018.
The company said the focus remains on the biology of the salmon, and continued use of the hydrolicer and freshwater treatment trials have shown encouraging results.
Ongoing stocking of cleaner fish throughout all sites and further development of site specific health planning have contributed to improved management of these issues.
Continued strong demand and limited global supply growth paves the way for continued firm prices throughout the remainder of 2017 and into 2018.
The Scottish Salmon Company target is to harvest 25,000 tonnes in 2017 and guides on a harvest volume of 26,500 tonnes in 2018.
CEO Craig Anderson (pictured) said: ‘We remain committed to our long-term strategy to grow our business and to produce the finest Scottish salmon produced in a sustainable way.
‘During the third quarter, we continued to develop our operations, investing in operational efficiency and capacity.
‘We continue to pursue our ambitions to drive export growth and develop our premium brands with a focus on provenance.’