The Livestock Company, Marine Harvest has never had better operational ‘Earnings Before Interest & Tax’ (EBIT) than those presented for this year’s third quarter.
‘High salmon prices, strong demand and reduced supply led to a record high operational EBIT’, said CEO Alf-Helge Aarskog.
Marine Harvest had an operational EBIT of 180 million euros in the third quarter of 2016, compared to 78 million euros for the same quarter in 2015.
Revenues and other income were 850 million euros, compared to 752 million euros in the third quarter last year.
‘The market balance is expected to be tight in the future. Combined with the strong demand we’ve seen in 2016, the future looks bright. We are increasing our presence in key markets, such as the USA, where we are presently opening a new factory in Dallas. Production costs are rising, and Marine Harvest continues its efforts to reduce costs’, said Aarskog.
Source: NTB scanpix / Norway Today