Posts Tagged ‘europe-nordics’
BioMar sees record profits on lower volumes for 2023
Aquafeed group BioMar achieved record revenue and profits on slightly reduced volumes for 2023, the company’s update for Q4 shows. BioMar saw revenue for the full year 2023 up by just under 1% to DKK 17.9bn (£2.05bn) but recorded EBITDA or operating profit of DKK 1.25bn (£143m) up 23% from the full year 2022. EBITDA…
Read MoreSalmon prices on the rise again
Salmon prices in Norway appear to be on the rise again after a period of relative stability. Last week (week 8) figures from Statistics Norway, which monitors prices on a weekly basis, fresh salmon reached NOK 111.25 per kilo (£8.31), the second highest level so far this year and an increase of 3.2% on the…
Read MoreUK supermarkets join price fixing action against salmon giants
A number of British supermarkets are suing Norway’s main salmon companies following a European Union investigation into price fixing. This latest development was disclosed yesterday by the Lerøy Seafood Group, one of the companies facing action. Lerøy said in its Q4 report that the supermarkets issued claims for damages in the UK earlier this month against several Norwegian…
Read MoreLerøy hit by new fish escape
Up to 5,000 mature salmon are feared to have escaped from a Lerøy facility in central Norway in the past few days. Lerøy Midt says it has informed the authorities of the incident, which is thought to have taken place on Tuesday of this week. Harald Larsen, general manager of Lerøy Midt, said the company has quickly…
Read MoreProcessing software business Maritech acquired by US firm
Seafood processing and logistics software business Maritech has been snapped up by US high-tech group CAI Software. Maritech is a leading cloud-based ERP (enterprise resource planning) provider for the seafood and logistics industries across the European and North American markets. Founded in Norway, Maritech has an expansive, blue-chip customer bases in the seafood industry, offering…
Read MoreLerøy in positive mood despite a challenging year
Despite a number of biological challenges, the Lerøy Seafood group delivered better than expected 2023 fourth quarter results, with only a slight dip in profitability. Although lower than a year earlier, the group, which is part owner of Scottish Sea Farms, produced an operational EBIT (operating profit) for Q4, before biomass adjustments, of NOK 765m…
Read MoreMåsøval sees revenue, profits up for Q4 but a loss for 2023
Norwegian salmon farmer Måsøval has reported a big jump in revenue and operating profit for the final quarter of 2023. The story for the full year was less upbeat, however, with Måsøval recording increased revenue of NOK 2,400m (£180m) compared with NOK 1,992m (£149m), but operational EBIT down 32% to NOK 471.4m (£35m). The group…
Read MoreMowi criticised over Norwegian salmon mortality
Mowi is being taken to task by the Norwegian Food Safety Authority over the high number of salmon deaths in central Norway. According to the national broadcaster NRK, around 180,000 fish weighing an average of three kilos died at a single site in just a month (January this year), so the Authority has called on…
Read MoreIcelandic investors snap up Optimar
High-tech aquaculture and processing business Optimar International has been acquired by Icelandic investment company Kaldbakur ehf. Kaldbakur has completed the purchase of all shares in the company from the previous owner, German investment firm Franz Haniel & Cie. GmbH, for an undisclosed sum. Based in Ålesund, Norway, and with offices in Norway, Spain, Romania, and…
Read MoreISA suspected at Lerøy site
Infectious salmon anaemia (ISA) is suspected at a Lerøy Seafood site at Frøya in Norway’s Trondelag region. Lerøy Midt AS informed the Norwegian Food Safety Authority of its concerns last week, based on the results of PCR analysis carried out after samples were taken at the site. The operation there had already been closed due to bacterial…
Read More