Markets Archive
Iceland fish farm merger nears completion
A merger between two of Iceland’s leading fish farming companies has moved into its final phase. The board of Ice Fish Farm has approved a draft agreement to take over Laxar Fiskeldi. Both companies are majority owned by Måsøval of Norway. They already cooperate in a number of areas but by coming together, the companies…
Read MoreAker Biomarine increases Q1 revenues and cuts losses
Aker BioMarine, the biotech innovator and Antarctic krill harvesting company, has reported a 14% rise in its 2022 first quarter revenues to $US 56.9m (£45.4m). The company, which is an important supplier to the aquafeed industry, had a negative operating loss of $5.5m (£4.4m), which was an improvement on a loss of $7.1m (£5.7m) for…
Read MoreBarramundi posts loss but revenue is up
Fish farmer Barramundi Group has reported a loss for last year, but the company saw revenue up by 15% and an improvement in operational performance. The Barramundi Group is one of the biggest producers of that species in Australasia. In 2021 it reported an operational EBITDA (earnings before interest, taxes, depreciation and amortisation) loss of…
Read MoreSalMar secures control of NTS
Salmon farming group SalMar has at last taken control of its competitor NTS, after securing a majority stake. SalMar now owns 66,228,641 shares or 52.7% of the NTS equity. Its NOK 15.1 billion (£1.25bn) offer expired at close of stock market trading in Oslo on Friday afternoon. However, SalMar CEO Gustav Witzøe has one more hurdle to jump…
Read MoreHøstlund back as NRS CEO, for now
Charles Høstlund has returned as Chief Executive Officer at Norway Royal Salmon – but only on an interim basis. Høstlund, who was CEO of NRS from 2014 till September 2021, has stepped in to replace the previous interim CEO, Klaus Hatlebrekke, who returns to his regular post of Chief Operating Officer as of today. The…
Read MoreAtlantic Sapphire achieving ‘major biological improvements’
Land-based salmon farmer Atlantic Sapphire has announced a significant improvement in biological performance at its US Florida site. Presenting its 2021 annual report, the company also said revenues rose by 170% to almost $17m (£13.2m) last year. Performance of all the batches introduced to Atlantic Sapphire’s Florida facility almost two years ago has improved, the…
Read MoreKingfish Company doubles Q1 sales
The Kingfish Company saw its sales more than double during the first quarter of this year, the yellowtail farmer has reported today. The group announced a Q1 turnover of €3.7m euros against €1.5m for the same period in 2021. Production of its high value yellowtail kingfish totalled 340 tonnes during the period. The average sales price…
Read MoreSalMar closes in on NTS prize
Reports from Norway suggest that the obstacles in SalMar’s bid to take control of the rival aquaculture business NTS, were finally cleared yesterday. It follows an extraordinary general meeting of Norway Royal Salmon (NRS) in which it was agreed that a share issue plan to merge the salmon farming businesses of NRS and SalmoNor, both…
Read MoreKingfish producer secures €75m loan facility
Land-based fish farmer The Kingfish Company has taken out a €75m (£62.2m) loan to finance phase two of its expansion plans. The facility also includes a non-committal facility of €37.5m (£31.1m) to finance part of the capital cost for a future phase three development in the Netherlands. In an Oslo stock exchange announcement, The Kingfish…
Read MoreMowi Q1 harvest down, but operating profit up
Mowi today reported lower harvest figures for the first quarter of 2022, year on year, but the group’s operating profit has almost doubled. The harvest figures include an 8,000 tonne drop for Mowi Scotland in Q1, to 10,500 tonnes. Mowi said its operating EBIT (earnings before interest and tax) was more or less on track…
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