Biological problems hit Grieg’s Q1 profits
Grieg Seafood has reported a first quarter drop in operating profits, mainly due to biological issues in Norway. The company produced an EBIT of NOK 385 million (£28.7m) against NOK […] Continue Reading
Grieg places large workboat order with AKVA
AKVA group has signed a contract with Grieg Seafood Newfoundland for the delivery of five Polarcirkel boats. Three of these are the 685 Work model, while two are the 1050 […] Continue Reading
Grieg reports another sharp rise in production costs
Grieg Seafood not only harvested fewer salmon during the first part of this year, it also saw a significant jump in its production costs. Presenting its 2023 first quarter trading […] Continue Reading
Grieg CEO hails record year for company
Grieg Seafood CEO Andreas Kvame has spoken of an historic year for the company in his 2022 annual report, published today. In February, the company reported an operational profit or […] Continue Reading
Salmon’s big guns unite to condemn new tax plan
Norway’s biggest salmon farmers have come out almost unanimously to condemn the Oslo government’s revised “salmon tax” plans. Despite the basic rate of the proposed “ground rent” tax being reduced […] Continue Reading
Grieg ends 2022 on a record despite lower Q4 results
Grieg Seafood ended 2022 with a record-breaking performance although biological issues took a chunk out of the final quarter’s operational profits. The company today unveiled an operational profit or EBIT […] Continue Reading
Grieg’s former Shetland MD to take up North American job
Grieg Seafood has appointed Grant Cumming, the company’s former Shetland Managing Director, as Chief Operating Officer of its North American operations. He takes up the post early next year. Grieg […] Continue Reading
Grieg announces best quarter yet
Grieg Seafood has reported its best quarter to date with an operating EBIT or operating profit of NOK 986 million (about £85m). This compares with just NOK 44m (£3.8m) for […] Continue Reading
Grieg gets a grip on production costs
Grieg Seafood has bucked the trend by reporting a higher harvest for the second quarter of this year. The company appears to have succeeded in lowering production costs at two […] Continue Reading