Marine Harvest ASA (OSE:MHG): Q1 2017 Trading update

By GlobeNewswire,  April 20, 2017, 12:30:00 AM EDT

Marine Harvest ASA (OSE:MHG): Q1 2017 Trading update

Harvest volumes Q1 2017 (1)

Farming Norway 49 thousand tonnes
Farming Scotland 18 thousand tonnes
Farming Canada 9 thousand tonnes
Farming Chile 6 thousand tonnes
Other 2 thousand tonnes
Total 84 thousand tonnes

In connection with the presentation of the Q4 2016 results, Marine Harvest guided a total harvest volume of 84 thousand tonnes (GWE) for Q1 2017.


(1) The harvest volumes are provided in gutted weight equivalents (GWE). The figures include salmonid species only.

Additional information

Operational EBIT for the Group was approximately EUR 215 million in Q1 2017 (EUR 112 million in Q1 2016).

Total operational EBIT per kg through the value chain were approximately as follows for the main sources of origin:

Norway EUR   2.50
Scotland EUR   3.00
Canada EUR   3.35
Chile EUR   1.85

Reported net interest bearing debt (NIBD) was approximately EUR 845 million at the end of the quarter.

The complete Q1 2017 report will be released on 10 May at 06:30 CET.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Marine Harvest ASA via Globenewswire

This article appears in: News Headlines

Referenced Stocks: MHG

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