Posts Tagged ‘Salmar’
Iceland\’s largest salmon farmer posts €16m loss
ICELAND’S largest salmon farming company, Arnarlax, in which Norway’s SalMar has a majority stake, posted a loss of 16 million euros for last year, several times the figure for 2017. Arnarlax is currently investing heavily in developing new fish farms but saw its plans disrupted a year ago after objections from environmental groups. However, it…
Read MorePrice slump hits Norwegian salmon companies
THE stock market value of Norway’s main fish farming companies has suffered unusually large falls over the past week as the spot price of salmon continues to drop back. The combined worth, which included such giants as Mowi, SalMar and Lerøy, was down by 14 billion kroner (£1.2 billion) at one point, although the market did…
Read MoreIceland salmon farmers win back licences
TWO Icelandic salmon farming companies which had their development plans put on hold a year ago following objections from environmental groups have been handed back their operating licences. Iceland’s Food Agency, known as MAST, has told Fjarðalax ehf, owned by SalMar subsidiary Arnarlax, it can proceed with its intention to farm up to 10,000 tonnes…
Read MoreSalMar earns lower profits from Scotland
SALMON farming giants SalMar posted impressive second quarter operating profits of almost a billion kroner, but there were lacklustre results from its Scottish Sea Farms business which it shares with Lerøy Seafood. Scottish Sea Farms (SSF), or Norskott Havbruk as it is called in Norway, generated operating revenues of NOK 407.4 million (£37 million) during…
Read MoreSSC suitors ‘could come from outside industry’
BIDS for the Scottish Salmon Company could come from outside the industry, a leading Norwegian seafood analyst has suggested. As speculation continues to mount, Carl-Emil Kjølås Johannessen, who works for the Nordic financial services company Pareto, said there could be a number of potential buyers for the business, but ruled out Mowi as he believes…
Read MoreAlgae outbreak costing Norway billions of kroner
NORWAY’S fisheries minister is to hold an urgent meeting with the salmon farming industry as it was disclosed losses from a major algae outbreak this week could reach more than two billion kroner – or around £200 million. The state broadcaster NRK said that nothing has been seen like it for decades and millions of…
Read MoreSSF profits drop but Orkney performs well
SALMON farming giant SalMar has reported reduced revenues and profits from its Scottish Sea Farms operations in the first quarter of 2019, the group’s latest figures show today. Q1 revenues fell from NOK 519 million (£46.6 million) in 2018 to NOK 405 million (£36.3 million) this year, while pre-tax profits dropped from NOK 178 million…
Read MoreScottish Sea Farms ‘satisfactory’ in Q1
LERØY Seafood yesterday reported a ‘satisfactory result’ from its Scottish Sea Farms operations, which is shares with fellow Norwegian salmon giants SalMar, during the first quarter of this year. But as with the rest of the group, UK revenues were down during the quarter due to lower harvests. They emerged at NOK 405 million compared…
Read MoreDemand strong but costs high: Lerøy
LERØY Seafood Group, co-owners of Scottish Sea Farms, has said in its 2018 annual report today that it expects good underlying demand for seafood but costs are still too high. Despite a two per cent decline in the harvest volumes forecast, the actual figure was up from 173,200 tonnes in 2017 to 175,800 tonnes. Revenues…
Read MoreSalMar upbeat about Scottish Sea Farms
NORWEGIAN fish farming giant SalMar said 2018 had been a good year for Scottish Sea Farms, the UK business it part owns with Lerøy Seafood. In its annual report, SalMar reveals that Scottish Sea Farms generated operating revenues of NOK 2,057 million (£183.4 million) last year, compared with NOK 2,088 million (186.23 million) in 2017.…
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