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News

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

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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

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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

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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

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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

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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

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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

News

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

News

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

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