Salmar announces \’best ever\’ Q1 results

EFFORTS to deal with long standing biological problems at Scottish Sea Farms negatively impacted on its performance at the start of this year, Norwegian salmon giant SalMar reports with its 2020 Q1 results today. The company has a 50 per cent stake in the UK-based operation which it calls Norskott Havbruk and which it shares…

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Salmar announces \’best ever\’ Q1 results

EFFORTS to deal with long standing biological problems at Scottish Sea Farms negatively impacted on its performance at the start of this year, Norwegian salmon giant SalMar reports with its 2020 Q1 results today. The company has a 50 per cent stake in the UK-based operation which it calls Norskott Havbruk and which it shares…

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Biology blights Mowi Scotland results

CONTINUING challenging biological issues was the main factor which led to a large drop in operational EBIT or profits at Mowi’s Scottish operations during the first three months of this year, the group’s Q1 results show. The Scottish operational EBIT was 5.7 million euros compared with €35.8 million 12 months ago, and the equivalent of…

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Royal still flush in Q1 results

COVID 19 has so far failed to take a toll on the first quarter financial performance of Norway Royal Salmon (NRS), one of the world’s major fish farmers. The company today reported that its EBIT or operating profit had more than halved to 75 million kroner (£5.9 million), thought to be due to higher costs..…

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AKVA Group reports \’stable\’ Q1 outlook

The AKVA Group declared a ‘stable’ outlook in its Q1 results for 2020, which have just been published. The group delivered revenue for Q1 of 752 MNOK (about £57 Million), down 12% from Q1 2019. EBITDA decreased from 97 MNOK in Q1 2019 to 86 MNOK in Q1 2020. The Net Profit decreased from 36…

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AKVA Group reports \’stable\’ Q1 outlook

The AKVA Group declared a ‘stable’ outlook in its Q1 results for 2020, which have just been published. The group delivered revenue for Q1 of 752 MNOK (about £57 Million), down 12% from Q1 2019. EBITDA decreased from 97 MNOK in Q1 2019 to 86 MNOK in Q1 2020. The Net Profit decreased from 36…

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Marel order book never higher

THE head of Marel, the global seafood and food processing equipment supplier, has declared that its finances remain string and order book remains have never been higher despite the challenges posed by Covid-19. CEO Arni Oddur Thordarson today announced revenues of 302 million euros (€) for the first quarter of 2019 coupled with an 8.4…

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