Posts Tagged ‘europe-nordics’
Norcod sales up, but profits yet to emerge
Norwegian cod farmer Norcod has reported a solid jump in its third quarter revenues this year, along with good progress in other areas. Sales were up from NOK 2m (£150,000) 12 months ago to NOK 21m (£1.55m) this time. The company also saw heavy investment in its biomass to fortify its marker position along with…
Read MoreSalmon Evolution biomass at new high
Land based fish farmer Salmon Evolution has passed yet another milestone with its highest ever biomass at 2,100 tonnes, up from 1,047 tonnes at 30 June. Salmon Evolution operates a hybrid flow-through facility at Indre Harøy on the Norwegian west coast. The company is targeting a production capacity of 100,000 tonnes HOG (head on gutted)…
Read MoreGrieg 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 MoreBakkafrost lays off 140 processing staff
Bakkafrost is laying off 140 factory processing staff in the Faroe Islands, blaming the local tax regime and changing business conditions for the decision. According to the radio station Kvf.fo, a church minister and a psychologist were present when the redundancies were announced at the company’s Glyvrar headquarters. Kvf said the atmosphere in the room…
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 MoreHigh salmon prices will continue into 2024 – Bakkafrost chief
Bakkafrost CEO Regin Jacobsen remains in positive mood despite various challenges at its Scottish and Faroe Island farming operations. He told shareholders in the company’s third quarter report yesterday that the supply growth was likely to remain low for the coming quarters. “The Chinese market has gained momentum and we have also increased our market…
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…
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