Posts Tagged ‘Norway’
Grieg drops into Q3 loss
Grieg Seafood has become the first major salmon farming company for many years to plunge into the red. The company, which farms in Norway and in Newfoundland and British Columbia, Canada, today unveiled a third quarter operational EBIT or operational loss of NOK 86m (£6.3m). This compares with an operational profit of NOK 145m (almost…
Read MoreAKVA Group warns of salmon tax impact
The AKVA group, the world’s largest supplier of aquaculture services and solutions, has warned that the salmon tax is having a negative impact on the level of activity in the sea based business – and on land based operations. Presenting its results for the third quarter, the company said that the group delivered slightly reduced…
Read MoreSalMar delivers record Q3 results, but SSF continues to struggle
Salmon farming giant SalMar delivered a third quarter operational EBIT or operating profit of almost NOK 2,300m (£169m) although Scottish Sea Farms, in which it owns a half share, continued to produce a loss. The group EBIT is almost NOK 1,000 (73m) higher than a year, but last year’s figures do not include the NTS…
Read MoreMowi reports record Q3 earnings, Scotland doubles profit
Mowi today unveiled record high 2023 third quarter revenues of €1.36bn (£1.18 bn) with Scotland more than doubling its operational profit or EBIT. The global operational profit was €203m (£176.5m) of which its Scotland operation contributed €9.2m (£8m) up from €4.2m (£3.6m) a year ago. The group said the performance during the July to September…
Read MoreSalmon companies at top of sustainable producers list
Salmon producers have taken the top three places in a global listing of the most sustainable animal protein producers. Mowi was ranked first for sustainability by the Coller FAIRR Protein Producer Index for the fifth year in succession. The company is joined in the top three ranked companies by fellow aquaculture businesses Lerøy Seafood Group…
Read MoreNofima names new aquaculture head
Norwegian research institute Nofima has appointed Linn Anne Bjelland Brunborg to the post of Director, Aquaculture Division, starting 1 January. She was previously General Manager of Orkla Ocean, a Norwegian company set up to develop seaweed farming for food and related products. Bjelland Brunborg studied human nutrition at the University of Bergen and started her…
Read MoreCall for labelling to identify salmon diseases
The Norwegian Consumer Council says customers should be told when salmon sold in shops have a history of illness. But the industry has come out strongly against the idea, arguing that fish diseases do not affect humans. Norway’s salmon farmers have been particularly badly affected by various biological diseases such as infectious salmon anaemia (ISA)…
Read MoreItalians turning to salmon – that’s amore!
Italy is falling in love with salmon in a big way, says the Norwegian Seafood Council. Export figures show that the country has been leading the way in terms of growing demand in the run up to Christmas. Measured in euros, Italy is now the third largest growth market after Poland and Denmark, Europe’s two…
Read MoreLerøy sites hit by mass mortalities
Calls are growing for a full investigation into large scale deaths at a Lerøy salmon farm sites in Norway. Thousands of fish are reported to have died in recent weeks from gill disease and possibly other health issues. Lerøy has said it is taking the incidents very seriously and is working hard to find out what…
Read MoreStatt Torsk losses continue to rise despite revenue growth
Cod farmer Statt Torsk, which is merging with the whitefish producer Vesterålen Havbruk, has reported a more than fourfold increase in its third quarter turnover, but the company continues to be loss-making. Revenues increased from NOK 3.2m (£235,000) a year ago to NOK 14.1m (just over £1m) this time. This improvement did not, however, prevent…
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