Feed group BioMar posts record earnings for Q1

Feed business BioMar’s focus on adding value appears to be paying off, with increased earnings for the first quarter of 2024 despite a lower volume of sales, year on year. Including all the feed companies in the BioMar group, the company recorded an EBITDA for Q1 of more than DKK 310m (£35.5m), compared with DKK 117m (£13.4m) for Q1  2023.

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Loch Duart says new feed has improved fish health and cut carbon emissions

Independent salmon farmer Loch Duart says its switch a year ago to BioMar’s Blue Impact feed has reduced its carbon footprint, improved health for the stock and reduced natural impurities in its fish. The results of the analysis were announced today at Seafood Expo Global in Barcelona, the world’s biggest seafood trade show. Loch Duart,…

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BioMar sees record profits on lower volumes for 2023

Aquafeed group BioMar achieved record revenue and profits on slightly reduced volumes for 2023, the company’s update for Q4 shows. BioMar saw revenue for the full year 2023 up by just under 1% to DKK 17.9bn (£2.05bn) but recorded EBITDA or operating profit of DKK 1.25bn (£143m) up 23% from the full year 2022. EBITDA…

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Solving salmon skin problems

BioMar’s Assist Skin helps to make salmon more resilient and healthy In salmon farming, maintaining optimal skin health is crucial for ensuring fish welfare and maximising productivity. Assist Skin, a research-based feed solution from BioMar, has proven to be a powerful tool to proactively address potential skin challenges and promote overall fish health. Skin protection…

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Court ruling sparks war of words over patent

Feed group BioMar says it has won its battle against a patent infringement claim by competitor, STIM AS, but STIM has called the ruling no more than a \”legal filbuster\”. STIM’s request for an injunction to ban the sale of BioMar’s Intro Tuning has been denied. The Oslo county court ruled that the production and…

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BioMar signs up for Swedish RAS salmon project

A major land-based salmon farming project in Sweden has signed up international feed group BioMar as its supplier. BioMar and Quality Salmon Sotenäs AB have agreed a deal for BioMar to provide feed for Quality Salmon’s new site once it starts production in 2022. The farm, based in Sotenäs, in western Sweden, aims to produce…

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\’Best ever\’ half year results for BioMar

Today the second quarter report for BioMar has been released by its parent company, Schouw & Co. The report underlines the sustainable growth of BioMar as increased volumes and revenue are accompanied by strong earnings. Following an impressive Q1, BioMar Group continues to deliver solid financial results. The sales volume increased by 9%, while the…

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\’Best ever\’ half year results for BioMar

Today the second quarter report for BioMar has been released by its parent company, Schouw & Co. The report underlines the sustainable growth of BioMar as increased volumes and revenue are accompanied by strong earnings. Following an impressive Q1, BioMar Group continues to deliver solid financial results. The sales volume increased by 9%, while the…

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BioMar has China in their hands

The BioMar-Tongwei Joint Venture partnership has now begun commercial production of aqua feeds in their new factory based in Wuxi, China. The new facility has already proven to deliver high and consistent quality making it possible to transfer production of high-end aqua feeds for China that were previously produced in Denmark. The green field factory…

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BioMar starts production at Tasmanian feed facility

BioMar Australia have commenced aqua-feed production at their state-of-the-art 40 million euro facility in Tasmania, Australia, which is welcome news for the local aquaculture industry at a time when many businesses are facing COVID-19 operating restrictions. In a virtual media conference to comply with social distancing requirements, Minster for Primary Industries and Water Guy Barnett…

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